Lynchburg, VA

Lynchburg Metro Area industry wages have increased by 17.8% percent since 2001

2007-03-19T01:18:00.000-07:00

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Industry wages, from 2001 to 2006, have increased in the Lynchburg Metro Area by a total of 17.8%. This is greater than the growth in industry wages for the State of Virginia and greater than the growth in industry wages for the nation as a whole.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Lynchburg Metro Area Industry Wages Lag Behind Virginia, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:21:00.000-08:00

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Wages in all industries in Lynchburg, VA when analyzed can be described as medium-low when analyzed with other Metro Areas in the United States. The overall wages are 22.5 percent lower than the with an state average of $42,126. The average pay was less than the industry average in the US of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Lynchburg Five-Year Industry Employment Change

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In the Lynchburg, VA metro area, the aggregate employment for all industry sectors has increased by 738 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in the Lynchburg Metro Area

Of the area's industries (4-digit NAICS), the Gasoline stations industry witnessed the largest drop in employment, losing a total of 123 jobs during the time period. The jobs lost in the Gasoline stations industry make up 96.1 percent of the jobs lost during the period in Lynchburg, VA.

Top 3 Industries
1. Gasoline stations (123 jobs lost)
2. Elementary and secondary schools (4 jobs lost)
3. Offices of dentists (1 jobs lost)

Total Five-Year Employment Growth in the Lynchburg Metro Area

Out of the 4-digit NAICS industries, the Building foundation and exterior contractors industry has brought the most jobs with a total of 237 total jobs brought in during the period. The growth in the Building foundation and exterior contractors industry makes up 77.7 percent of the total employment growth in Lynchburg.

Top 3 Industries
1. Building foundation and exterior contractors (237 new jobs)
2. Other professional and technical services (57 new jobs)
3. Legal services (11 new jobs)

Out of the 6 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 3 showed an escalation in the number employed, while 3 industry sectors reported declines during the time period.

The Lynchburg Metro Area: Five-Year Percentage Decline in Employment

The Gasoline stations industry has lost the biggest percent of jobs, losing 9.9 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of Virginia, where the industry sector experienced a loss of 6.1 percent. The losses in the Gasoline stations industry in Lynchburg outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 6.4 percent in terms of employment in the Gasoline stations industry.

Top 2 Industries
1. Gasoline stations (9.9 percent decline)
2. Elementary and secondary schools (2.6 percent decline)

Employment for all industries has increased by 0.9 percent from 2001 (2nd Quarter). These figures are less than percent in the State of Virginia, which experienced a gain of 5.2 percent since the 2nd Quarter of 2001. The gains in the area were less than than the gain reported at the US level of 2.6 percent.

The Lynchburg Metro Area: Five-Year Percentage Growth in Employment

The Building foundation and exterior contractors industry has seen the largest percentage job growth, expanding by 19.6 percent from 2001 to 2006. This industry in Lynchburg has expanded faster than the industry job growth experienced in Virginia, where the industry felt a gain of 14.6 percent. The Building foundation and exterior contractors industry in Lynchburg lagged behind the national average, which felt a gained 20.8 percent in this industry.

Top 3 Industries
1. Building foundation and exterior contractors (19.6 percent gain)
2. Other professional and technical services (17.1 percent gain)
3. Legal services (2.8 percent gain)

Lynchburg One-Year Industry Employment Change

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Total One-Year Employment Decline in the Lynchburg Metro Area

The Couriers industry has lost the most employment with a total loss of 167 jobs. The declines in the Couriers industry make up 14.9 percent of the total job loss in Lynchburg, VA.

Top 5 Industries
1. Couriers (167 jobs lost)
2. Building foundation and exterior contractors (130 jobs lost)
3. Highway, street, and bridge construction (128 jobs lost)
4. Services to buildings and dwellings (106 jobs lost)
5. Investigation and security services (98 jobs lost)

Total One-Year Employment Growth in the Lynchburg Metro Area

Of the industries (4-digit NAICS) in the area, the Employment services industry has brought the most jobs with a total of 934 jobs added during the time period. These new jobs in the Employment services industry makes up 37.2 percent of the total employment growth in Lynchburg.

Top 5 Industries
1. Employment services (934 new jobs)
2. Commercial equip. merchant wholesalers (167 new jobs)
3. Insurance carriers (135 new jobs)
4. Office administrative services (115 new jobs)
5. Other general purpose machinery manufacturing (111 new jobs)

Of the 98 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 39 showed an escalation in the number employed, while 59 industry sectors reported declines during the time period.

In the Lynchburg, VA metro area, the aggregate employment for all industry sectors has increased by 2,657 jobs between mid-2005 and mid-2006.

The Lynchburg Metro Area: One-Year Percentage Growth in Employment

The Office administrative services industry has seen the largest percentage job growth, expanding by 323.4 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Lynchburg has increased employment faster than the industry has grown in the State of Virginia, where this industry saw a gain of 10.3 percent. The Office administrative services industry in Lynchburg outpaced the US in terms of percent growth of industry employment. During this period, the US gained 5.7 percent.

Top 5 Industries
1. Office administrative services (323.4 percent gain)
2. Commercial equip. merchant wholesalers (102.9 percent gain)
3. Employment services (48.0 percent gain)
4. Technical and trade schools (41.8 percent gain)
5. Furniture and furnishing merchant wholesalers (29.8 percent gain)

The Lynchburg Metro Area: One-Year Percentage Decline in Employment

The Electronic equipment repair and maintenance industry has seen the largest percentage drop in employment, losing 57.4 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Virginia, where the it saw a gain of 0.1 percent. The losses in the Electronic equipment repair and maintenance industry in Lynchburg outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 0.4 percent in terms of employment in the Electronic equipment repair and maintenance industry.

Top 5 Industries
1. Electronic equipment repair and maintenance (57.4 percent decline)
2. Couriers (46.6 percent decline)
3. Other personal services (44.5 percent decline)
4. Highway, street, and bridge construction (28.1 percent decline)
5. Management and technical consulting services (22.9 percent decline)

Total industry employment has increased by 3.1 percent from 2005 (2nd Quarter). These figures are greater than percent in Virginia, which experienced a gain of 1.9 percent from the 2nd Quarter of 2005. The gains were greater than than the gain experienced overall in the US of 2 percent.

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Lynchburg, VA

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The areas median household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $40,598, posting a 6.2 percent decline. The Lynchburg, VA MSA, in terms of percentage of decline, ranks 4 of 5 metro area in percent of decline for income levels in the State of Virginia. Lynchburg ranks 157 of 233 metro area in terms of the decline in median income level for the United States.

Compared to other MSAs throughout the nation, the Lynchburg metro area accounted a medium-low median household income of $43,302 (2005 Dollars). This median is 26.1 percent lower than the median income in State of Virginia of $54,612 and this is 13.5 percent lower than the median household income level in the US of $49,133.

In Lynchburg, VA White headed households reported a median household income (2005 Dollars) of $46,953 according to the 2000 Dencennial Census, which was 8.4 percent greater than the median in 2000. Hispanic households in Lynchburg, VA reported a median household income of $35,563, this median household income is 17.9 percent less than the reported median household income for all households in the area. The Asian householders in the area have reported their median household incomes at $51,919. This median income level is 19.9 percent greater than the all households reported median in the area. Black or African American headed households had a median household income that was 31.5 percent less than the overall reported level in 2000, with a reported median of $29,670. The households that were headed by an American Indian and Alaska Native individual in Lynchburg reported an income level of $45,755, this was 5.7 percent greater than the median for all households.

As the median household income witnessed a decline in the last five year in the Lynchburg, VA metro area, the Race/Ethnicity group that experienced the largest decline in median income was the Hispanic Race/Ethnicity category. This group experienced a decline of 18.2 percent since 2000. The Hispanic population category was least influenced by the median household income decline in Lynchburg, encountering a 18.2 percent decline in household income level, since the year 2005.

Evaluated with other MSAs across the nation, the Lynchburg metro area can be understood to have a medium-low poverty rate amid the residents with a poverty rate of 11.4 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 25.7 percent of the people in 2000 living in poverty. The population that is aged Under 5 years are witness to the most percent living in poverty in Lynchburg, having 18.1 percent of the population in this age category living in poverty.

The poverty rate in the Lynchburg, VA Metro has increased by 0.6 percent from the rates reported in the Decennial Census, moving from 11.4 percent to 12 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Lynchburg, VA Metro Area

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From 2000 to 2005, the percent of male population that is highly educated has increased by 2.8 percent. By 2005, 22.8 percent of total male population (over 25), in this area, held at least a Bachelors Degree. At the same time, the percent of women (over 25) holding a BA or higher has increased by a total of 2.0 percent. By the year 2005, a total of 20.2 percent of the women in the population had received a Bachelors Degree or Higher.

Since the year 2000, the Lynchburg metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 2.2 percent to a total of 21.4 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is less than the State of Virginia percent of 33.2 and less than the United States percent of 27.2.

Lynchburg, VA Metro Area can be considered to have a moderately-educated 2005 population, with 21.4 percent of the population (+25) having received a BA or higher, as reported in American Community Survey of 2005. The Lynchburg MSA is reported having a lower percent of the population with at least a Bachelors than the State of Virginia's proportion of 33.2 percent and a lower percent than the national average of 27.2 percent.

According to the 2005 American Community Survey in the Lynchburg, VA Metro Area, many men in the area have reached the High School Diploma category, with 31.8 percent obtaining this level of education. The women in the Lynchburg metro area have on average achieved a lower level of higher education (Bachelors or Higher) than men; 22.8 percent (Men) versus 20.2 percent (Women). The largest educational attainment category for women is High School Diploma category, with 36.4 percent of the female population achieving this education level.

In the Lynchburg, VA Metro Area as reported in the American Community Survey of the year 2005, 23.6 percent of the White Alone, 8 percent of Black or African American, . percent of the Asian alone and . percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Lynchburg, VA

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The Lynchburg metropolitan statistical area (MSA) has a population that is comprised of 84.3 percent White, 13.1 percent African American, 0.6 percent Asian, and 1 percent Hispanic. This area can be considered to have a modest level of diversity, with 14.7 percent of the population being minorities. This is less than the State of Virginia percent of 30. Since 2000, Lynchburg has increased the percent of minority population when 14.5 percent of the people were minorities.

When calculating the total land area, the Lynchburg metro area spans a total area of 2068 square miles. The land areas has a medium-low density of 79 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- Dothan (79 per sq. mile ), Sioux Falls (81 per sq. mile ), Lake Charles (82 per sq. mile ), -- less densely populated -- Valdosta (79 per sq. mile ), San Luis Obispo-Paso Robles (77 per sq. mile ), Jonesboro (76 per sq. mile ).

The Census Bureau estimates in 2005 the median age in the Lynchburg metro area to be 40.8 years old. The median in Lynchburg is greater than the median in Virginia of 37.2. Since 2000, the area has experienced an increase in the median age, when it was 38.0 years of age. With 13.5 percent of the population in the year 2005 being made up of individuals less than 18 years old, Lynchburg can be understood as having a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-high representation within the estimated 2005 area population, making up 64.1 percent of the population makes up this age category. The retirement (65 and over) age group comprises 11.7 percent of the population in the area. When compared to other metro areas throughout the United States, this represents a medium-low proportion of the population.

Since the year 2000, a low amount of people migrated into the Lynchburg metro area, with 390 people migrating in from another country. The international migration into Lynchburg totals 0.3 percent of the total migration into the State of Virginia. This amount of international migration is low when compared to international migration per 2005 population.

The Lynchburg metro area had an estimated population of 163,726 for the year 2005. The total population has increased, since its 2000 population of 157,425. This growth denotes an increase of 4 percent. Lynchburg ranks 6 of 9 MSAs by growth in total population in Virginia and the metro area ranks 218 of 361 metro areas by growth in MSA population in the United States.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Lynchburg

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Lynchburg had an owner-occupied dwelling median in 2005 of $118,700, published by the American Community Survey. This value is less than the overall Virginia 2005 median home value of $212,300 and less than median home value of $167,500 across the United States during the same year.

When comparing areas across the State of Virginia, Lynchburg ranks 6 of the 9 metro areas by percent in growth of new residential structures. The metropolitan area places 192 of 361, comparing the percentage change in residential real estate in other US MSAs.

In Lynchburg, there were a total of 104,658 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding all together 5,007 homes since 2001, or 5 percent.

The residential housing values in Lynchburg, Virginia have experienced moderate increases from the real estate values reported in 2000. The valuations have increased by $20,900, or 21.4 percent, from 2000 when they had reported median values of $97,800.

There seems to be a large amount of real estate that is affordable in Lynchburg, Virginia. In 2005, 53.6 percent of residential real estate was valued under $125,000.

Lynchburg may be described as having a medium percentage of homes that are high in price. For 2005, the American Community Survey reports that 3.5 percent of the areas residential property was valued over $500k.

Data Source: U.S. Census Bureau