Lynchburg, Virginia Income Statistics
Lynchburg Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Lynchburg Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lynchburg | Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,366 | $93,527 | $80,455 |
| Median Personal Income | $45,703 | $68,139 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.3% | 4.8% |
| Six-Figure Earners | 6.6% | 18.3% | 13.9% |
| $200k+ Households | 5.2% | 17.7% | 13.2% |
The median household income in Lynchburg is about 38% lower than in Virginia. Income has been growing faster in Lynchburg (4.6%/yr) than in Virginia (4.3%/yr).
About 7% of adults in Lynchburg earn six figures ($100,000 or more) a year, lower than the Virginia average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lynchburg, Virginia grew by 55.8% from 2009 to 2024, reaching $58,366 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Lynchburg
| Metric | Lynchburg | Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.591 | 0.544 | 0.552 |
| Male Median Income | $55,115 | $78,585 | $69,667 |
| Female Median Income | $43,605 | $62,626 | $56,850 |
| Gender Pay Gap | 20.9% | 20.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Lynchburg, it is 0.591, higher than Virginia's 0.544, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 26% more than women's income in Lynchburg, Virginia. Over a 35-year career, a 26% wage gap accumulates to roughly $402,850 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lynchburg, Virginia has widened from about 19% to 21% in 2024. Over that period the gap was widest at 24% in 2015, and was narrowest at 14% in 2011. In dollar terms, the gap has widened by $4,315 since 2009.
Against the trend: the pay gap in Lynchburg widened by 1.8 points while Virginia's narrowed by 3.2 points.
Employment
| Metric | Lynchburg | Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.1% | 5.2% |
| Working from Home | 13.8% | 18.3% | 15.0% |
| Commute time (minutes) | 13 | 23 | 22 |
Approximately 2,038 people are unemployed in Lynchburg, Virginia.
The average commute time in Lynchburg is 13 minutes, shorter than the 23 minutes in Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lynchburg, Virginia has fallen from 10.4% to 5.3% in 2024. Over that period the rate peaked at 11.6% in 2013 and fell as low as 5.0% in 2023.
Conclusion
Considering all these factors, Lynchburg, Virginia has an overall wealth index grade of D, making it somewhat worse than Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lynchburg, Virginia.
How Rich Is Lynchburg, Virginia?
Lynchburg has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $58,366, about 38% lower than the Virginia average of $93,527.
How fast is household income rising in Lynchburg, Virginia?
Between 2009 and 2024, the median household income in Lynchburg, Virginia rose 56%, from $37,463 to $58,366. Over the same years, income here kept pace with Virginia as a whole: +56% against +55%.
What was the median household income in Lynchburg in 2023?
In 2023, the median household income in Lynchburg, Virginia was $59,776, up 5% from $56,671 in 2022. The Virginia median that year was $91,420.
What was the median household income in Lynchburg in 2020?
In 2020, the median household income in Lynchburg, Virginia was $48,980. By 2024 it had risen 19% to $58,366.
How strong is the job market in Lynchburg, Virginia?
Unemployment in Lynchburg, Virginia is 5.3%, well above the Virginia rate of 4.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Lynchburg, Virginia?
The Gini coefficient in Lynchburg is 0.591. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Lynchburg, Virginia?
Since 2009, the income gap between men and women in Lynchburg, Virginia has widened from about 19% to 21% in 2024. Over that period the gap was widest at 24% in 2015, and was narrowest at 14% in 2011. In dollar terms, the gap has widened by $4,315 since 2009.
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