Housing costs in Lynchburg?
A typical home costs
$227,900, which is 32.6% less expensive than the national average of
$338,100 and 33.6% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lynchburg costs
$1,110 per month, which is 20.7% cheaper than the national average of
$1,400 and 16.2% more than the state average of
$930.
Can I afford Lynchburg?
To live comfortably in Lynchburg (zip 24502), Virginia, a minimum annual income of
$43,560 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Lynchburg?
The cost of living in 24502 Lynchburg, VA is generally considered to be quite affordable for a mid-sized city. Prices for goods and services are generally lower than the national average, making it an ideal place for those looking to save money while still enjoying all the benefits of urban living. Groceries, health care and utilities all tend to be relatively low in comparison to other parts of the country. Housing prices can vary depending on the location and quality of the property, but overall it is still generally cheaper than many other cities in Virginia.