Bedford, Texas Cost Of Living

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C

Overall 0%

Goods & Services 5%

Housing 6%

Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Bedford	Texas	National
Cost of living	100	92	100
Goods & Services	105	97	100
Groceries	100	91	100
Health care	96	95	100
Housing	94	83	100
Transportation	93	94	100
Utilities	110	103	100

Key findings

The cost of living in Bedford is 8% higher than the Texas average
The cost of living in Bedford is equal to the national average
Bedford housing 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$85,829	$7,152	$2,003	$2,575
Renters	$39,880	$3,323	$930	$1,197

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Bedford, TX, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Bedford, homeowners have a median income of $85,829. Using that number, a maximum of $2,003 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $39,880, which means there is a maximum of $930 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Goods & Services

Item	Bedford	National avg.	Difference
Haircut	$29.60	$20.27	46.0%
Beauty Salon	$63.06	$40.39	56.1%
Toothpaste	$2.16	$2.36	8.4%
Shampoo	$1.26	$1.08	17.1%
Movie	$11.00	$10.99	0.1%
Bowling	$19.20	$15.49	23.9%

Groceries

Item	Bedford	National avg.	Difference
Ground Beef	$4.55	$4.30	5.9%
Fried Chicken	$1.45	$1.40	3.9%
Milk	$2.01	$2.20	8.6%
Potatoes	$3.19	$3.22	0.9%
Pizza	$10.15	$10.74	5.5%
Beer	$9.56	$9.60	0.4%

Health Care

Item	Bedford	National avg.	Difference
Optometrist	$97.41	$109.73	11.2%
Doctor	$92.61	$118.34	21.7%
Dentist	$106.16	$100.94	5.2%
Ibuprofen	$9.92	$9.93	0.1%
Lipitor	$468.95	$469.53	0.1%

Housing

Item	Bedford	National avg.	Difference
Home Price	$169,700.00	$184,700.00	8.1%
Avg. Mortgage Payment	$939.06	$1,229.62	23.6%
Apartment Rent	$932.00	$949.00	1.8%

Transportation

Item	Bedford	National avg.	Difference
Gasoline	$2.45	$2.71	9.7%
Tire Balancing	$50.46	$51.86	2.7%

Utilities

Item	Bedford	National avg.	Difference
All Electricity	$201.01	$170.84	17.7%
Phone	$188.11	$187.18	0.5%

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, State	Population	Cost of Living Index	National Avg.
Horseshoe Bend, TX	748	79	-21%
Cockrell Hill, TX	4,301	90	-10%
Haltom City, TX	43,864	90	-10%
Forest Hill, TX	12,774	91	-9%
Blue Mound, TX	3,263	91	-9%
Bedford, TX	48,864	100	0%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
McLean, VA	48,867	214	114%
Murray, UT	48,834	108	8%
Sheboygan, WI	48,813	91	-9%
Cypress, CA	48,978	154	54%
Huntington, WV	48,735	82	-18%
Bedford, TX	48,864	100	0%

Source: The Bedford, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.