Lynchburg, VA 24503 has a population of approximately 19,197 and experiences a population change rate of 8.87%. The population density is 459.7 / sq mi .
Lynchburg, VA 24503 has a population of approximately 19,197 and experiences a population change rate of 8.87%. The population density is 459.7 / sq mi .
The median household income for Lynchburg, VA 24503 is $79,335, with 7,922 households and an average household size of 2.36.
The median value of a home in Lynchburg, VA 24503 is $305,600 with an appreciation rate of 17.90%. 66.22% of housing in the state is owned while 24.23% is rented.
The cost of living in Lynchburg, VA 24503 is 100.7 %.
The unemployment rate in Lynchburg, VA 24503 is 3.30%, and recent job growth is at 3.24%. Future job growth is projected at 40.13%.
The sales tax rate in Lynchburg, VA 24503 is 5.30%, while the income tax rate is 5.75% .
School expenditures in Lynchburg, VA 24503 are $13,762, and the school ratio is 12.4:1.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 43 inches per year, with 14.3 inches of snow per year.