Bedford 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.
Cost of living index88108100
Goods & Services index94100100
Groceries index8696100
Health care index91100100
Housing index76130100
Transportation index8591100
Utilities index108101100
A general summary of the cost of living index in Bedford, VA is shown above. Compared to the state average of Virginia the cost of living index in Bedford, VA is 88, which is 18% lower than the average in Virginia and compared to the national average it is 12% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Bedford, VA goods and services come in at 6% lower than the average in Virginia and are 6% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Bedford is 18% lower than the Virginia average.
  • The cost of living in Bedford is 12% lower than the national average.
  • The cost of housing in Bedford is 24% lower 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

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
The salary calculator allows you to compare how much your current salary in Bedford, VA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Bedford, VA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Bedford, VA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bedford, VA, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Bedford, VA homeowners have a median income of $50,625. Using that number, you will come up with a maximum of $1,181 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $23,829, which means there is a maximum of $556 to be spent on the costs of renting a home or apartment.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Bedford, VA, it's important to take into account the sales tax for Virginia, as well as the rate for income tax in Virginia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Virginia is 6%, and the sales tax in the state of Virginia is 5.3%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Virginia starts from 2% and goes up to 5.75%.

Goods & Services

ItemBedfordNational avg.Difference
Haircut $11.60$16.0927.9%
Beauty Salon $32.67$37.3312.5%
Toothpaste $1.81$2.4526.0%
Shampoo $0.83$1.0017.4%
Movie $12.19$10.2818.5%
Bowling $5.00$4.931.3%


ItemBedfordNational avg.Difference
Ground Beef $3.12$3.8018.0%
Fried Chicken $1.00$1.4028.4%
Milk $1.84$2.018.4%
Potatoes $2.47$3.0118.1%
Pizza $9.39$9.895.0%
Beer $8.52$8.904.2%

Health Care

ItemBedfordNational avg.Difference
Optometrist $114.21$102.1611.8%
Doctor $93.75$108.3613.5%
Dentist $81.21$92.5312.2%
Ibuprofen $8.41$9.289.4%
Lipitor $409.20$425.823.9%


ItemBedfordNational avg.Difference
Home Price $145,500.00$184,700.0021.2%
Avg. Mortgage Payment $967.08$1,202.4419.6%
Apartment Rent $670.00$949.0029.4%


ItemBedfordNational avg.Difference
Gasoline $2.01$2.2410.3%
Tire Balancing $35.20$46.2924.0%


ItemBedfordNational avg.Difference
All Electricity$181.46$165.969.3%
Phone $30.90$28.687.7%
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.
Montvale, VA49378-22%
Big Island, VA24680-20%
Altavista, VA3,47886-14%
Buchanan, VA1,09486-14%
Forest, VA10,53798-2%
Bedford, VA6,54388-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Belle Isle, FL6,54211111%
Lemoore Station, CA6,54411717%
Elsa, TX6,54266-34%
Hudson, NY6,5491011%
Camp Swift, TX6,55084-16%
Bedford, VA6,54388-12%
Source: The Bedford, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.