Cost of Living in Lynchburg, VA
| Cost of Living in Lynchburg, VA | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 18% lower | 19% lower |
| Utilities (Monthly) | 9% higher | 11% higher |
| Food | 6% lower | 6% lower |
| Healthcare | 5% higher | 3% higher |
| Transportation | 7% lower | 11% lower |
| Goods & Services | 12% lower | 5% lower |
The cost of living in Lynchburg, VA is 9% lower than the state average and 8% lower than the national average. Lynchburg, VA housing is 19% cheaper than the U.S average, while utilities are about 11% pricier. When it comes to basic necessities such as food and clothing, groceries are around 6% cheaper in Lynchburg, VA than in the rest of the country, while clothing costs around 5% less .
Healthcare services such as doctor check-ups and dentistry cost 3% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 5% cheaper in Lynchburg, VA.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Lynchburg is $1,247, while home prices circle around $429,789.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Lynchburg, energy bills cost around $247.24 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.57 in Lynchburg, a dozen eggs go for around $3.17 and a pound of potatoes circles around $5.03.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Lynchburg, an optometry check-up costs around $125.66, while a dentist appointment is priced $107.80 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.19 in Lynchburg, while getting your tires balanced will run you about $45.71.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $34.25 here. Meanwhile, a pair of women's slacks will set you back around $29.11.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Lynchburg, you should budget around $14.04 a month. When it comes to personal services, a haircut usually goes for $14.67, while dry cleaning costs about $12.74.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Lynchburg, the median household income is $59,808.