The small town of Lynchburg, SC has a population of 2,980 and is located in the Pee Dee region of South Carolina. It offers an affordable cost of living; for example, the average rent for a two bedroom apartment is $680 compared to the national average of $1,430. The Grocery Cost Index in this area is 93 versus 100 in the US, further illustrating that it's more affordable to live here than elsewhere.
Lynchburg boasts a number of local companies that provide employment opportunities for its residents including Lynchburg Tire & Automotive, Lynchburg Tax Service, Palmetto Electric Cooperative Inc., and XL Staffing Solutions LLC. These businesses offer jobs across many industries from retail to hospitality, providing employment options for individuals from all walks of life.
Overall, Lynchburg provides an attractive option for those looking to save money on housing and groceries yet still have access to plenty of job opportunities. Its lower cost-of-living makes it much more appealing than other places in the US with comparable amenities and services.
Lynchburg (zip 29080) has an unemployment rate of 6.4%. The US average is 6.0%.
Lynchburg (zip 29080) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Lynchburg (zip 29080)
- The Sales Tax Rate for Lynchburg (zip 29080) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lynchburg (zip 29080) is 7.0%. The US average is 4.6%.
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Income and Salaries for Lynchburg (zip 29080)
- The average income of a Lynchburg (zip 29080) resident is $22,216 a year. The US average is $37,638 a year.
- The Median household income of a Lynchburg (zip 29080) resident is $34,919 a year. The US average is $69,021 a year.