Bon Air, VA

Above Avg · 113

Virginia · Population 17,302 · Updated March 2026

$1,731
Median Rent / Month
$97,620
Median Income
$329,200
Median Home Value
$1,563
Owner Costs / Month

Affordability

How far your income goes in Bon Air

21.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Virginia

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
5.3%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$20,772
Annual Rent
$5,613
State Income Tax
$2,634
Property Tax (est.)

Cost of Living Overview

Bon Air is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Bon Air residents can expect to pay median rent of $1,731/month while earning a median household income of $97,620/year.

The median home value in Bon Air, VA is $329,200, with typical monthly owner costs around $1,563 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Virginia has a moderate income tax rate of 5.75%. Combined with a 5.3% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bon Air.

Frequently Asked Questions

Common questions about living costs in Bon Air

What is the cost of living in Bon Air, VA?
The cost of living index in Bon Air, VA is 113 (US average = 100). Median monthly rent is $1,731, median household income is $97,620/year, and the median home value is $329,200.
Is Bon Air, VA affordable?
No, Bon Air is more expensive than the national average with a cost index of 113. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bon Air, VA?
The median gross rent in Bon Air, VA is $1,731 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,772.
What is the median household income in Bon Air?
The median household income in Bon Air, VA is $97,620 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Virginia?
Virginia has a top income tax rate of 5.75%, a sales tax of 5.3%, and an effective property tax rate of 0.8%.