Cost of Living in Lynchburg, MS

With a cost of living index of 110, Lynchburg, MS is somewhat more expensive than average. Living here is 10% more expensive than the national average and 40% above the Mississippi state average of 71. Lynchburg is a small community of 1,894 residents.

Housing costs are the biggest factor in Lynchburg's cost of living. The median monthly rent is $2,033 (54% above the US median of $1,319), and the median home value sits at $201,500 (34% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Lynchburg is $93,750, which is 25% higher than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Lynchburg. The area sees an average annual temperature of 63.4°F, with summers averaging 82°F and winters around 44°F. Annual rainfall totals 54.9 inches spread over roughly 111 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Memphis, TN-MS-AR (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.