Bensley, Virginia Cost Of Living

A+

8%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

25%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Bensley	Virginia	National
Cost of living	92	107	100
Goods & Services	102	100	100
Groceries	92	96	100
Health care	107	100	100
Housing	75	130	100
Transportation	93	93	100
Utilities	102	97	100

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Cost Of Living Quick Facts

The cost of living in Bensley is 15% lower than the Virginia average
The cost of living in Bensley is 8% lower than the national average
Bensley housing is 25% lower than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 11% lower than the national average

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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	$45,427	$3,786	$1,060	$1,363
Renters	$29,401	$2,450	$686	$882

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bensley, VA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Bensley homeowners, is $45,427. This would allow for a maximum of $1,060 per month to be spent on housing costs. For renters, the median monthly income is $29,401 which would result in a maximum of $686 to be spent on rental costs.

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	Bensley	National avg.	Difference
Haircut	$22.29	$20.27	10.0%
Beauty Salon	$49.83	$40.39	23.4%
Toothpaste	$1.86	$2.36	21.2%
Shampoo	$1.03	$1.08	4.0%
Movie	$11.35	$10.99	3.3%
Bowling	$18.67	$15.49	20.5%

Groceries

Item	Bensley	National avg.	Difference
Ground Beef	$3.77	$4.30	12.3%
Fried Chicken	$1.08	$1.40	22.8%
Milk	$1.72	$2.20	22.1%
Potatoes	$3.59	$3.22	11.5%
Pizza	$10.26	$10.74	4.5%
Beer	$9.79	$9.60	2.0%

Health Care

Item	Bensley	National avg.	Difference
Optometrist	$113.52	$109.73	3.5%
Doctor	$147.87	$118.34	25.0%
Dentist	$106.38	$100.94	5.4%
Ibuprofen	$9.74	$9.93	2.0%
Lipitor	$447.69	$469.53	4.7%

Housing

Item	Bensley	National avg.	Difference
Home Price	$131,900.00	$184,700.00	28.6%
Avg. Mortgage Payment	$1,067.73	$1,229.62	13.2%
Apartment Rent	$797.00	$949.00	16.0%

Transportation

Item	Bensley	National avg.	Difference
Gasoline	$2.54	$2.71	6.1%
Tire Balancing	$47.60	$51.86	8.2%

Utilities

Item	Bensley	National avg.	Difference
All Electricity	$180.41	$170.84	5.6%
Phone	$181.35	$187.18	3.1%

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.
Hopewell, VA	22,332	91	8.7%
Montrose, VA	7,909	92	8.4%
Bellwood, VA	6,082	93	7.3%
Sandston, VA	6,883	93	6.7%
Highland Springs, VA	16,276	93	6.6%
Bensley, VA	6,031	92	8.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Larchmont, NY	6,031	223	123.3%
Cut Off, LA	6,032	89	10.6%
Fair Haven, NJ	6,033	187	87.4%
Estherville, IA	6,027	83	17.4%
Waupaca, WI	6,026	91	8.9%
Bensley, VA	6,031	92	8.2%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.