Bedford, VA is a charming small town located in Central Virginia. It is an ideal place to settle down for individuals and families looking for a friendly atmosphere with affordable prices. The average two bedroom rent is $930 per month, compared to the national average of $1,430. Consequently, Bedford provides a much more generous cost of living than many other areas. In addition to this, the grocery index in Bedford is 97 versus 100 in the US; making groceries much cheaper than most places across the country.
The city offers plenty of amenities such as restaurants, coffee shops, parks and recreational activities that are great for enjoying time with family and friends. Amongst these are popular local businesses like Grandin Village Pizza & Subs and Little Caesars Pizza, plus the Green Heron Ale House which serves up delicious craft beer from all over Virginia. Beyond that there are plenty of outdoor activities to explore such as hiking along Apple Orchard Falls or fishing on Smith Mountain Lake. Bedford also has several public libraries for those looking to curl up with a good book or take advantage of educational resources. All in all it’s a great place to live!
Bedford has an unemployment rate of 4.7%. The US average is 6.0%.
Bedford has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Bedford
- The Sales Tax Rate for Bedford is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bedford is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bedford
- The average income of a Bedford resident is $19,230 a year. The US average is $28,555 a year.
- The Median household income of a Bedford resident is $36,971 a year. The US average is $69,021 a year.