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 90, with 100 being the average.
The cost of living index in Bensley is 0.9x lower than the national average.
Bensley ranks as the #19 cheapest in Virginia out of 186.
Bensley ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Bensley is $151,500.
The median income in Bensley is $39,635.
According to the most recent data on the cost of living, Bensley has an overall cost of living index of 90, which is 0.9x 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 102.
The standard of living in Bensley ranks as #19 most affordable out of the 186 places we measured in Virginia. By definition, that implies Bensley ranks as the #167 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 94.
The Health index in Bensley is 107.
The Housing index in Bensley is 74.
The Transportation index in Bensley is 93.
The Utilities index in Bensley is 100.
Living Expense | Bensley | Virginia | National Average | |
---|---|---|---|---|
Overall | 90 | 102 | 100 | |
Services | 101 | 102 | 100 | |
Groceries | 94 | 98 | 100 | |
Health | 107 | 102 | 100 | |
Housing | 74 | 107 | 100 | |
Transportation | 93 | 95 | 100 | |
Utilities | 100 | 102 | 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 2017-2021. The key points are:
The Median Home Value in Bensley is $151,500.
The Median Rent in Bensley is $1,053.
The Median Income in Bensley is $39,635.
The Home Value To Income in Bensley is 3.8x.
The Rent To Monthly Income in Bensley is 0.32x.
Statistic | Bensley | Virginia | United States |
---|---|---|---|
Median Home Value | $151,500 | $295,500 | $244,900 |
Median Rent | $1,053 | $1,326 | $1,163 |
Median Income | $39,635 | $80,615 | $69,021 |
Home Value To Income | 3.8x | 3.7x | 3.5x |
Rent To Monthly Income | 0.32x | 0.2x | 0.2x |
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 99, 1.1x Bensley.
Mechanicsville, VA has a cost of living index of 107, 1.2x Bensley.
Short Pump, VA has a cost of living index of 125, 1.4x Bensley.
City | Population | Cost Of Living | Vs. Bensley |
---|---|---|---|
Richmond, VA | 225,676 | 99 | 1.1x |
Mechanicsville, VA | 37,767 | 107 | 1.2x |
Short Pump, VA | 27,332 | 125 | 1.4x |
Chester, VA | 22,512 | 101 | 1.1x |
Meadowbrook, VA | 19,574 | 101 | 1.1x |
Bon Air, VA | 17,846 | 106 | 1.2x |
East Highland Park, VA | 16,669 | 95 | 1.1x |
Glen Allen, VA | 14,783 | 108 | 1.2x |
Brandermill, VA | 13,745 | 108 | 1.2x |
Manchester, VA | 12,192 | 100 | 1.1x |