C+
13%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
41%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bon Air Virginia National
Cost of living113109100
Goods & Services100100100
Groceries101101100
Health care9699100
Housing141130100
Transportation10095100
Utilities105104100

An Overview of Cost of Living in Bon Air, VA

Are you thinking about relocating, but curious about the potential cost of living in Bon Air? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Bon Air stands at 113, making it 13% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs significantly influence the Bon Air cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 40.6%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Bon Air Affordable?

Is Bon Air an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Bon Air, the median home price is 36.7% higher than what most folks pay across the country, and monthly rent prices are 49.8% higher than the usual rates. Income levels in Bon Air come in at $87,389, which is 58% higher than the national average.

What Factors can Influence the Cost of Living in Bon Air?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Bon Air, the transportation index is 0.3% lower than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Bon Air, the groceries index is 0.5% higher than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Bon Air, healthcare costs are 4.4% lower than the national average.

Where is the Data From?

The Bon Air cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Bon Air is 3% higher than the Virginia average
  • The cost of living in Bon Air is 13% higher than the national average
  • Bon Air housing is 41% higher than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Bon Air

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Compare Bon Air, VA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$99,794$8,316$2,328$2,994
      Renters$63,289$5,274$1,477$1,899
      To approximate the cost of living and the housing affordability in Bon Air, VA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Bon Air have a median income of $99,794. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,328 per month to avoid calamity and poverty. The renters in the city have an income of about $63,289, which would make their monthly maximum allowable rental costs $1,477.

      Virginia Sales Tax

      State General Sales Tax With Max Surtax
      Virginia 5.3% 6%

      Virginia Income Tax

      State Income Tax (Low) Income Tax (High)
      Virginia 2% 5.75%

      Goods & Services

      Item Bon Air National avg. Difference
      Haircut $20.00$24.2617.6%
      Beauty Salon $54.17$45.5618.9%
      Toothpaste $3.72$3.700.5%
      Shampoo $1.26$1.281.3%
      Movie $13.31$12.139.7%
      Bowling $24.17$18.0034.3%

      Groceries

      Item Bon Air National avg. Difference
      Ground Beef $5.54$5.845.2%
      Fried Chicken $1.44$1.578.5%
      Milk $4.63$4.671.0%
      Potatoes $5.27$4.936.8%
      Pizza $12.72$12.095.3%
      Beer $10.64$10.412.2%

      Health Care

      Item Bon Air National avg. Difference
      Optometrist $95.44$125.6824.1%
      Doctor $122.83$135.789.5%
      Dentist $109.67$113.293.2%
      Ibuprofen $10.76$10.651.0%
      Lipitor $489.65$468.604.5%

      Housing

      Item Bon Air National avg. Difference
      Home Price $252,500.00$184,700.0036.7%
      Avg. Mortgage Payment $2,083.79$2,346.6911.2%
      Apartment Rent $1,422.00$949.0049.8%

      Transportation

      Item Bon Air National avg. Difference
      Gasoline $3.27$3.465.5%
      Tire Balancing $60.00$59.920.1%

      Utilities

      Item Bon Air National avg. Difference
      All Electricity $227.22$193.9917.1%
      Phone $185.33$192.253.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Montrose, VA7,639946.2%
      Bensley, VA6,044964.0%
      Bellwood, VA7,808973.1%
      Sandston, VA6,833972.7%
      Highland Springs, VA15,000982.0%
      Bon Air, VA17,59911312.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dumont, NJ17,59814039.6%
      Tillsonburg, ON17,594n/a 
      Swift Current, SK17,609n/a 
      Cinco Ranch, TX17,58812726.8%
      Kingstowne, VA17,58515252.1%
      Bon Air, VA17,59911312.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.