Bon Air cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBon AirVirginiaNational
Cost of living index106108100
IndexBon AirVirginiaNational
Goods & Services index99100100
Groceries index9694100
Health care index10199100
Housing index122133100
Transportation index8893100
Utilities index111100100
Displayed above is a general overview of the Bon Air, VA cost of living index. The overall cost of living index in Bon Air, VA is 106, which is 2% lower than the Virginia average and 6% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Bon Air, VA are equal to the Virginia average and 1% lower than the national average.

Did you know?

  • The cost of living in Bon Air is 2% lower than the Virginia average.
  • The cost of living in Bon Air is 6% higher than the national average.
  • The cost of housing in Bon Air is 22% higher than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Bon Air, VA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Bon Air, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bon Air, VA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$76,532$6,378$1,786$2,296
Renters$45,583$3,799$1,064$1,368
One can approximate the cost of living and the housing affordability in Bon Air, VA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Bon Air, VA have a median income of $76,532. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,786 per month to avoid calamity and poverty. The renters in the city have an income of about $45,583, which would make their monthly maximum allowable rental costs $1,064.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
The Virginia sales tax and Virginia income tax rates should definitely be considered when determining the overall cost of living in Bon Air, VA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Virginia sales tax is 5.3% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Virginia income tax rates range from 2% to 5.75%.

Goods & Services

ItemBon AirNational avg.Difference
Haircut $19.00$14.5930.2%
Beauty Salon $35.40$34.682.1%
Toothpaste $1.78$2.4728.0%
Shampoo $1.25$1.0222.3%
Movie $10.50$9.876.4%
Bowling $5.93$4.3935.0%

Groceries

ItemBon AirNational avg.Difference
Ground Beef $4.32$4.483.5%
Fried Chicken $1.49$1.461.8%
Milk $2.15$2.368.8%
Potatoes $3.07$3.060.3%
Pizza $8.49$9.248.1%
Beer $9.79$8.6313.4%

Health Care

ItemBon AirNational avg.Difference
Optometrist $98.60$99.781.2%
Doctor $91.33$105.0313.0%
Dentist $95.28$88.707.4%
Ibuprofen $9.19$9.412.4%
Lipitor $324.24$298.508.6%

Housing

ItemBon AirNational avg.Difference
Home Price $213,500.00$175,700.0021.5%
Avg. Mortgage Payment $876.77$1,081.0318.9%
Apartment Rent $1,143.00$920.0024.2%

Transportation

ItemBon AirNational avg.Difference
Gasoline $1.76$2.0915.8%
Tire Balancing $44.77$45.291.1%

Utilities

ItemBon AirNational avg.Difference
All Electricity$177.03$170.803.6%
Phone $34.01$28.2620.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Montrose, VA7,68693-7%
Bensley, VA5,86593-7%
Bellwood, VA5,88994-6%
Dumbarton, VA8,34695-5%
Highland Springs, VA16,67396-4%
Bon Air, VA16,8571066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Santa Fe Springs, CA16,85913030%
El Segundo, CA16,83918282%
Center Point, AL16,87688-12%
Pendleton, OR16,83088-12%
Kapolei, HI16,89017373%
Bon Air, VA16,8571066%
Source: The Bon Air, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.