Cost of Living in Bedford, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.3
100 = national avg
-14.7 vs national average
Living Wage (1 Adult)
$37,522
per year
Living Wage (Family of 4)
$88,689
per year
Cost Index by Category
Housing92.8
Food86.5
Transportation72.9
Healthcare89.2
Utilities90.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,033
per month
2 Bedroom
$1,187
per month
The overall cost of living index in Bedford is 85.3, which is 14.7% below the national average. Housing costs are below the national average at an index of 92.8. A single adult needs to earn approximately $37,522 per year to cover basic expenses.