Cost of Living in Bedford, VA

Get 300+ Local Insights for Any Address in Bedford, VA

Get Access to 300+ Local Data Points
A+
7%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
18%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bedford Virginia National
Cost of living93109100
Goods & Services98102100
Groceries96100100
Health care105103100
Housing82129100
Transportation88100100
Utilities10999100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Bedford, VA

property for sale

1699 Wells Rd

Bedford, VA
property for sale

1855 Vista Cir

Bedford, VA
property for sale

1081 Stoney Way

Bedford, VA
property for sale

2 Crossing CT

Bedford, VA
See the Newest Homes For Sale In Bedford, VA

Cost Of Living Quick Facts

  • The cost of living in Bedford is 15% lower than the Virginia average
  • The cost of living in Bedford is 7% lower than the national average
  • Bedford housing is 18% lower than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Bedford

See all the best places to live around Bedford

Compare Bedford, VA Cost of Living

City Image
    City Default Image
      vs
      Compare Neighborhoods & Addresses Local Insights Report

      Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.

      Local Insights Report
      How would you rate the cost of living in Bedford?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Bedford?
      Write a review to give others more information about this area.
      See all Bedford poll results

      The best places in Virginia

      Here are the best places to live in VirginiaSafest States In The USThese are the largest cities in VirginiaMost Dangerous States In The US
      Best Places in Virginia

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$93,487$7,791$2,181$2,805
      Renters$43,810$3,651$1,022$1,314
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Bedford, VA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Bedford, homeowners have a median income of $93,487. Using that number, a maximum of $2,181 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $43,810, which means there is a maximum of $1,022 to be spent on the costs of renting a home or apartment.

      Virginia Sales Tax

      State General Sales Tax With Max Surtax
      Virginia 5.3% 6%

      Virginia Income Tax

      State Income Tax (Low) Income Tax (High)
      Virginia 2% 5.75%

      Goods & Services

      Item Bedford National avg. Difference
      Haircut $15.00$27.6245.7%
      Beauty Salon $33.40$51.1134.6%
      Toothpaste $4.05$4.091.0%
      Shampoo $1.49$1.543.4%
      Movie $15.49$12.8820.3%
      Yoga $15.75$19.6619.9%

      Groceries

      Item Bedford National avg. Difference
      Ground Beef $7.61$7.701.2%
      Fried Chicken $1.54$1.667.4%
      Milk $4.71$4.730.5%
      Potatoes $5.33$5.261.4%
      Pizza $15.50$12.7621.4%
      Beer $11.00$10.554.3%

      Health Care

      Item Bedford National avg. Difference
      Optometrist $128.08$140.068.6%
      Doctor $170.00$153.8210.5%
      Dentist $113.80$123.157.6%
      Ibuprofen $11.68$11.730.4%
      Lipitor $27.95$23.6118.4%

      Housing

      Item Bedford National avg. Difference
      Home Price $270,413.00$326,622.0017.2%
      Avg. Mortgage Payment $2,141.10$2,480.2513.7%
      Apartment Rent $1,142.00$1,444.0020.9%

      Transportation

      Item Bedford National avg. Difference
      Gasoline $2.92$3.064.3%
      Tire Balancing $44.98$65.2131.0%

      Utilities

      Item Bedford National avg. Difference
      All Electricity $258.80$220.1217.6%
      Phone $186.68$195.714.6%
      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 Population Cost of Living Index National Avg.
      Altavista, VA3,5318812.2%
      Buchanan, VA1,214909.6%
      Montvale, VA502928.2%
      Big Island, VA178927.9%
      Forest, VA11,4701065.5%
      Bedford, VA6,790937.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Southgate, FL6,78911716.7%
      Mount Vernon, IN6,789937.1%
      Oak View, CA6,79116565.1%
      Desert Palms, CA6,78814949.4%
      Cedarhurst, NY6,78617272.3%
      Bedford, VA6,790937.0%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026