Bedford cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBedfordTexasNational
Cost of living index10190100
IndexBedfordTexasNational
Goods & Services index11394100
Groceries index9289100
Health care index9895100
Housing index9481100
Transportation index10393100
Utilities index9895100
An overview of the general cost of living index for Bedford, TX is displayed above for your reference. Residents in Bedford, TX enjoy a cost of living index of 101. This index is 13% higher than the Texas average, and 1% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Bedford, TX, the average cost of goods and services is 20% higher than it is in Texas, and it is 13% higher than the national average.

Did you know?

  • The cost of living in Bedford is 13% higher than the Texas average.
  • The cost of living in Bedford is 1% higher than the national average.
  • The cost of housing in Bedford is 6% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare Bedford, TX Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Bedford, TX to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Bedford, TX, then you would need to earn more income in order to maintain the same standard of living. To use the Bedford, TX salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$82,259$6,855$1,919$2,468
Renters$38,449$3,204$897$1,154
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bedford, TX, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Bedford, TX homeowners have a median income of $82,259. Using that number, you will come up with a maximum of $1,919 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $38,449, which means there is a maximum of $897 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in Bedford, TX. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Texas sales tax is 6.25% and the maximum surtax is 8.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemBedfordNational avg.Difference
Haircut $20.20$15.5629.8%
Beauty Salon $53.87$36.1149.2%
Toothpaste $2.28$2.477.8%
Shampoo $0.85$0.9611.9%
Movie $10.48$10.133.5%
Bowling $9.19$4.7494.0%

Groceries

ItemBedfordNational avg.Difference
Ground Beef $3.53$3.9811.3%
Fried Chicken $1.15$1.4118.0%
Milk $1.66$2.0619.4%
Potatoes $2.79$2.986.6%
Pizza $9.15$9.473.4%
Beer $9.17$8.794.2%

Health Care

ItemBedfordNational avg.Difference
Optometrist $81.35$101.0419.5%
Doctor $102.94$107.444.2%
Dentist $89.92$90.420.6%
Ibuprofen $8.36$9.289.9%
Lipitor $450.98$426.505.7%

Housing

ItemBedfordNational avg.Difference
Home Price $161,700.00$175,700.008.0%
Avg. Mortgage Payment $895.60$1,133.2321.0%
Apartment Rent $898.00$920.002.4%

Transportation

ItemBedfordNational avg.Difference
Gasoline $1.93$1.993.1%
Tire Balancing $54.04$45.7618.1%

Utilities

ItemBedfordNational avg.Difference
All Electricity$167.30$163.812.1%
Phone $26.67$28.396.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Horseshoe Bend, TX70380-20%
Cockrell Hill, TX4,26792-8%
Haltom City, TX43,25992-8%
Forest Hill, TX12,61293-7%
Blue Mound, TX2,83594-6%
Bedford, TX48,1041011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Caldwell, ID48,11486-14%
Mishawaka, IN48,12083-17%
McLean, VA48,078204104%
Methuen Town, MA48,15912727%
Alexandria, LA47,98393-7%
Bedford, TX48,1041011%
Source: The Bedford, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.