States › Virginia › Bedford

Is Bedford, VA expensive to live in?

CheapRent takes 14 cents of every $1 people earn here.
🏠 Rent per month (2026)$91048% lower than U.S. average
💵 Families earn per year (2026)$75,806about $6,317/month · 13% lower than U.S. average
🔑 House price$222,50033% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $36,400 a year. That is $18 an hour at a full-time job.

Is rent cheaper than other Virginia cities?

Yes. Rent here is cheaper than in most of Virginia. It is number 12 of 199 cities from cheapest to most expensive.

Bedford
$910
Ashland
$1,567
Farmville
$842
South Boston
$800
Floris
$3,568
Bellwood
$1,114
Lexington
$1,278

How much do households earn in Bedford?

Under $25k
18.7%
$25k–50k
21.4%
$50k–100k
36.8%
$100k–150k
13.1%
$150k+
6.8%

Share of households by yearly income. 19.9% of households earn $100,000 or more.

Rent by apartment size in Bedford

SizeBedfordU.S. average
1 bedroom$418$1,324
2 bedrooms$866$1,509
3 bedrooms$1,344$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Bedford overall?

Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).

Housing
107
Goods (food, clothes…)
100
Utilities
92
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Bedford, so the Virginia figure is shown.

Taxes and bills in Bedford

🏛️ Property tax$1,188a year · 0.53% of home value · U.S. $3,119
⚡ Electric bill$182a month (typical) · U.S. $156

Life in Bedford

Commute to work20.3 minU.S.: 26.4 min
College degree27.9%U.S.: 35.7%
Own their home69.2%U.S.: 65.2%
Below poverty line12.2%U.S.: 12.5%
Unemployment5.1%U.S.: 5.2%

Is it cheaper to rent or buy in Bedford?

Renting is cheaper right now: about $634 a month less.

Renting
$910
Owning
$1,544

Owning assumes a typical $222,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,250 for the down payment.

Frequently asked questions

What is the average rent in Bedford, VA?

Renting in Bedford costs a median of about $910 a month in 2026, including utilities. The Virginia median is $2,049.

How much do I need to make to live in Bedford?

To keep rent under 30% of income, you need about $36,400 a year, or $18 an hour at a full-time job.

Is Bedford cheap or expensive?

Bedford is rated Cheap: rent takes 14.4% of the typical household income of $75,806. It ranks 12th cheapest of 199 Virginia cities we track.

How much are property taxes in Bedford?

The median homeowner in Bedford pays $1,188 a year in property taxes, about 0.53% of the median home value.

Is Bedford more expensive than the national average?

Overall prices in Virginia are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Bedford?

The median home value in Bedford is $222,500, about 2.9 times the typical yearly household income.

7,724 people live in Bedford. Numbers are typical (middle) values.