Housing costs in Bedford?
A typical home costs
$218,900, which is 35.3% less expensive than the national average of
$338,100 and 36.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Bedford costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 50.5% cheaper than the state average of
$1,400.
Can I afford Bedford?
To live comfortably in Bedford, Virginia, a minimum annual income of
$42,120 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Bedford?
Bedford, VA is known for its low cost of living. The median home price in Bedford is roughly $162,000 and the cost of renting an apartment is relatively affordable. Utilities are also reasonably priced, with electric rates at 15.78 cents per kWh and natural gas rates averaging only 4.62 cents per therm. This makes life in Bedford quite budget-friendly, especially when compared to more metropolitan areas throughout Virginia or the United States as a whole. Groceries and other everyday items tend to be less expensive than in other locations as well due to the lower cost of living. All things considered, Bedford is a great place to live for anyone looking for a budget-friendly lifestyle.