Lynchburg city, Virginia
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Lynchburg city Compares
Detailed Income Statistics
Income Advisory: Lynchburg city
Income Verdict
Lynchburg city has a median household income of $59,808 and per capita income of $30,004 — a gap of $29,804, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,043/month and a median household income of $59,808, rent consumes approximately 20.9% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $59,808, residents of Lynchburg city likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $30,004 is in line with national norms for individual earners.
Neighbor Context
Lynchburg city earns approximately 20.2% below the Virginia state median household income of $74,957.
Data Story
About Household Income in Lynchburg city, Virginia
Lynchburg earns below national average
Lynchburg's median household income of $59,808 trails the national median of $74,755 by 20%. As a mid-sized city, Lynchburg reflects the income struggles of many secondary markets facing competition from larger metros.
Mid-range performer in Virginia
Lynchburg's $59,808 income ranks solidly below Virginia's state median of $74,957, placing it in the lower-middle tier of Virginia communities. The city lags wealthier northern Virginia jurisdictions but outpaces many rural southern counties.
Outearned by nearby Madison County
Lynchburg households earn $59,808 compared to Madison County's $82,972, a $23,164 gap reflecting differences between a city and rural gentry economy. Nearby Lunenburg County ($54,460) earns slightly less, making Lynchburg a relative income hub for south-central Virginia.
Rents claim higher share of income
A 20.9% rent-to-income ratio is manageable but higher than the most affordable Virginia markets, indicating moderate housing cost pressure. Lynchburg's median home value of $211,800 requires careful budgeting for first-time homebuyers earning the median income.
Invest in your financial future
Lynchburg residents earning near the median should prioritize employer retirement benefits and low-cost index funds to build long-term wealth. Even modest monthly contributions compound significantly over time, helping households bridge the gap to financial security.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $59,808 per year
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($4,984) vs. median rent ($1,043/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.