Cost of living in Bon Air 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 Bon Air 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 Bon Air is 106, with 100 being the average.
The cost of living index in Bon Air is 1.1x higher than the national average.
Bon Air ranks as the #63 cheapest in Virginia out of 186.
Bon Air ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Bon Air is $264,500.
The median income in Bon Air is $89,019.
According to the most recent data on the cost of living, Bon Air has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Virginia, Bon Air has a cost of living index that's 1.0x higher than Virginia's index of 102.
The standard of living in Bon Air ranks as #63 most affordable out of the 186 places we measured in Virginia. By definition, that implies Bon Air ranks as the #123 most expensive place in the Old Dominion.
For more reading on life in Bon Air, check out:
Six factors go into calculating the cost of living index in Bon Air. Here is how it fairs on each of the criteria:
The Services index in Bon Air is 102.
The Groceries index in Bon Air is 93.
The Health index in Bon Air is 106.
The Housing index in Bon Air is 119.
The Transportation index in Bon Air is 90.
The Utilities index in Bon Air is 104.
|Living Expense||Bon Air||Virginia||National Average|
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 2017-2021. The key points are:
The Median Home Value in Bon Air is $264,500.
The Median Rent in Bon Air is $1,515.
The Median Income in Bon Air is $89,019.
The Home Value To Income in Bon Air is 3.0x.
The Rent To Monthly Income in Bon Air is 0.2x.
|Statistic||Bon Air||Virginia||United States|
|Median Home Value||$264,500||$295,500||$244,900|
|Home Value To Income||3.0x||3.7x||3.5x|
|Rent To Monthly Income||0.2x||0.2x||0.2x|
The cost of living varies in the cities and towns around Bon Air. 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 99, 0.9x Bon Air.
Tuckahoe, VA has a cost of living index of 111, 1.0x Bon Air.
Mechanicsville, VA has a cost of living index of 107, 1.0x Bon Air.
|City||Population||Cost Of Living||Vs. Bon Air|
|Short Pump, VA||27,332||125||1.2x|
|Glen Allen, VA||14,783||108||1.0x|