Living in Bedford, Virginia
Cost of living, income, home prices, rent and demographics of Bedford · Census data 2020–2024
Bedford has 7,724 residents with a median age of 44.6. The median household income is $70,288 (25% lower than the Virginia median), the median home value is $222,500, the median rent is $828/month.
Bedford at a glance
- Population
- 7,724
- Median age
- 44.6State: 39
- Median household income
- $70,288State: $93,170
- Median home value
- $222,500State: $383,700
- Median rent
- $828/moState: $1,579
- Homeowners
- 69.2%
- Bachelor's degree or higher
- 27.9%
- Average commute
- 20 min
Is Bedford a good place to live?
Pros: Home values 42% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 25% lower than the Virginia median; unemployment of 5.1%; a poverty rate of 12.2%.
The weather is best in May–June and August–September.
Cost of living in Bedford
Housing is the biggest part of the cost of living. In Bedford the median home value is $222,500, 33% lower than the U.S. median. Renters pay a median of $828 per month, which is 26.9% of household income. Homeowners with a mortgage pay $1,394 a month in housing costs.
Bedford median household income
The median household income in Bedford is $70,288 and the income per person is $32,315. 12.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Bedford: homes for sale and rent
- Housing units
- 3,379
- Owner-occupied
- 69.2%
- Renter-occupied
- 30.8%
- Vacant
- 9.3%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.40
Bedford demographics
- Population
- 7,724
- Median age
- 44.6
- Under 18
- 21%
- 65 and older
- 21.3%
- Households
- 3,065
- Foreign-born
- 2.4%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Bedford ›
Education in Bedford
27.9% of adults 25 and older in Bedford have a bachelor's degree or higher (Virginia: 42.2%), and 7.6% have a graduate or professional degree.
Jobs and commute in Bedford
- Unemployment rate
- 5.1%State: 4.3%
- Average commute
- 20 minState: 27 min
- Work from home
- 7.7%
- Drive alone
- 76.1%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 85.3%
Bedford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bedford | 7,724 | $70,288 | $222,500 | $828 |
| Forest | 13,430 | $81,552 | $319,800 | $1,315 |
| Timberlake | 12,725 | $75,657 | $235,900 | $1,083 |
| Buchanan | 1,367 | $54,226 | $187,500 | $958 |
| Stewartsville | 737 | $94,390 | $217,600 | — |
| Blue Ridge | 2,800 | $75,871 | $274,500 | $1,287 |
| Lynchburg | 79,497 | $57,947 | $229,800 | $1,073 |
| Westlake Corner | 2,033 | $95,000 | $499,000 | $1,185 |
| Laymantown | 1,626 | $88,401 | $285,200 | — |
More for people moving to Bedford
Bedford ZIP code ›Weather and climate ›Living in Bedford: FAQ
What is the median household income in Bedford, VA?
The median household income in Bedford is $70,288, 25% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bedford?
The median home value in Bedford is $222,500, compared with $383,700 in Virginia.
How much is rent in Bedford?
The median gross rent in Bedford is $828 per month, about 26.9% of household income.
Is Bedford, VA a good place to live?
Pluses: home values 42% lower than the state median; an average commute of 20 minutes. Minuses: median household income 25% lower than the Virginia median; unemployment of 5.1%; a poverty rate of 12.2%.
What is the median age in Bedford?
The median age in Bedford is 44.6 years (Virginia: 39).
How long is the commute in Bedford?
The average commute to work in Bedford is 20 minutes; 7.7% of workers work from home.
What is the unemployment rate in Bedford?
The unemployment rate in Bedford is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bedford?
27.9% of adults in Bedford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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