Cost of Living in Bowmans Crossing, VA

With a cost of living index of 81, Bowmans Crossing, VA is a very affordable place to live. Living here is 19% cheaper than the national average and 24% below the Virginia state average of 104. Bowmans Crossing is a small community of 349 residents.

Housing costs are the biggest factor in Bowmans Crossing's cost of living. The median monthly rent is $1,120 (15% below the US median of $1,319), and the median home value sits at $144,200 (53% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Bowmans Crossing is $50,333, which is 33% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.