| Index | Bedford | Texas | National |
| Cost of living | 106 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 125 | 83 | 100 |
| Transportation | 95 | 98 | 100 |
| Utilities | 100 | 103 | 100 |
| Lifestyle & Entertainment | 97 | 98 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 98 | 98 | 100 |
Knowing the cost of living in Bedford allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Bedford stands at 106, marking it 6% higher than the national average.
In Bedford, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Bedford will resemble that of an average city, contributing to a manageable cost of living.
Housing costs significantly influence the Bedford cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 25.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 6 locals to understand their opinions on the cost of living in Bedford. The results indicated that 17% found it reasonably priced with decreasing prices of goods and services, while 83% viewed it as quite expensive, with increasing prices.
Wondering if Bedford is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Bedford, for example, the median home price is 27.4% higher than what folks pay nationally, and monthly rent is 20.8% higher than the usual rates. Plus, income levels matter too, with Bedford boasting a median household income of $106,271, which is 30.7% higher than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Bedford, the utilities index is 0.2% lower than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Bedford, the healthcare costs are 1.4% lower than the national average.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
The Bedford cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $151,581 | $12,632 | $3,537 | $4,548 |
| Renters | $78,506 | $6,542 | $1,832 | $2,355 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Horseshoe Bend, TX | 641 | 83 | 16.7% |
| Cockrell Hill, TX | 4,306 | 92 | 7.9% |
| Forest Hill, TX | 13,444 | 95 | 5.2% |
| Blue Mound, TX | 2,372 | 93 | 6.8% |
| Haltom City, TX | 45,221 | 95 | 5.4% |
| Bedford, TX | 50,460 | 106 | 5.9% |
| City | Population | Cost of Living Index | National Avg. |
| Troy, NY | 50,436 | 102 | 2.2% |
| Downers Grove, IL | 50,391 | 125 | 25.1% |
| Azusa, CA | 50,604 | 145 | 45.1% |
| Antelope, CA | 50,311 | 136 | 35.9% |
| Florin, CA | 50,631 | 122 | 22.4% |
| Bedford, TX | 50,460 | 106 | 5.9% |
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