Cost of Living in Bedford County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Bedford County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Bedford County, Virginia
Bedford balances income and affordability well
Bedford County's rent-to-income ratio of 14.8% ranks among Virginia's best, and residents spend well under the 30% affordability threshold. At $77,644, the median household income exceeds the national average of $74,755, giving Bedford residents comfortable cushion against housing costs.
One of Virginia's best housing values
Bedford's 14.8% rent-to-income ratio beats the state average of 18.6% by nearly four percentage points, and its $955 median rent runs $185 below Virginia's state average. The county consistently ranks among the state's most affordable housing markets for renters and buyers alike.
Competitive rents with stronger income
Bedford's $955 rent matches nearby Botetourt County ($951) and beats Augusta County ($1,057), while offering a median income of $77,644. This combination—affordable rent plus above-average income—makes Bedford particularly attractive compared to rural neighbors like Bath County.
Nearly identical rent and mortgage costs
Renters pay $955 monthly while homeowners spend $935—essentially the same burden—on a median household income of $77,644. Both groups allocate roughly 14.8% to housing, making Bedford accessible for renters and achievable for first-time homebuyers eyeing the $276,600 median home value.
Bedford: the sweet spot in central Virginia
Relocating to Virginia's Piedmont region? Bedford County offers competitive rents ($955), solid local income ($77,644), and moderate home prices ($276,600) in a single package. Compare it against pricier northern counties or lower-wage southwestern areas to appreciate its balanced value proposition.
Affordability Calculator
See how your income compares to housing costs in Bedford County
Rent Burden
14.8%
of gross income
Max Housing (28% Rule)
$1,812
per month
Owner Cost Burden
14.5%
of gross income
The median home in Bedford County may be a stretch
Median home value is $276,600. Estimated monthly cost: $2,208 vs. your max of $1,812.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.