Cost of living in Bensley research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bensley is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bensley is 97, with 100 being the average.
The cost of living index in Bensley is 1.0x lower than the national average.
Bensley ranks as the #29 cheapest in Virginia out of 190.
Bensley ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Bensley is $244,029.
The median income in Bensley is $49,695.
According to the most recent data on the cost of living, Bensley has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Virginia, Bensley has a cost of living index that's 0.9x lower than Virginia's index of 110.
The standard of living in Bensley ranks as #29 most affordable out of the 190 places we measured in Virginia. By definition, that implies Bensley ranks as the #161 most expensive place in the Old Dominion.
For more reading on life in Bensley, check out:
Six factors go into calculating the cost of living index in Bensley. Here is how it fairs on each of the criteria:
The Services index in Bensley is 101.
The Groceries index in Bensley is 103.
The Health index in Bensley is 97.
The Housing index in Bensley is 86.
The Transportation index in Bensley is 102.
The Utilities index in Bensley is 106.
| Living Expense | Bensley | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 97 | 110 | 100 | |
| Services | 101 | 101 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 86 | 130 | 100 | |
| Transportation | 102 | 94 | 100 | |
| Utilities | 106 | 104 | 100 | |
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Bensley is $244,029.
The Median Rent in Bensley is $1,183.
The Median Income in Bensley is $49,695.
The Home Value To Income in Bensley is 4.9x.
The Rent To Monthly Income in Bensley is 0.29x.
The cost of living varies in the cities and towns around Bensley. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, VA has a cost of living index of 106, 1.1x Bensley.
Mechanicsville, VA has a cost of living index of 112, 1.2x Bensley.
Short Pump, VA has a cost of living index of 131, 1.4x Bensley.
| City | Population | Cost Of Living | Vs. Bensley |
|---|---|---|---|
| Richmond, VA | 227,595 | 106 | 1.1x |
| Mechanicsville, VA | 38,437 | 112 | 1.2x |
| Short Pump, VA | 28,177 | 131 | 1.4x |
| Chester, VA | 23,519 | 109 | 1.1x |
| Meadowbrook, VA | 20,383 | 102 | 1.1x |
| Bon Air, VA | 17,302 | 114 | 1.2x |
| Glen Allen, VA | 16,630 | 108 | 1.1x |
| East Highland Park, VA | 16,071 | 96 | 1.0x |
| Brandermill, VA | 13,938 | 112 | 1.2x |
| Manchester, VA | 12,347 | 107 | 1.1x |