Cost of living in Bedford research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bedford is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bedford is 111, with 100 being the average.
The cost of living index in Bedford is 1.1x higher than the national average.
Bedford ranks as the #319 cheapest in Texas out of 414.
Bedford ranks as the #3,765 cheapest out of 6,489 in the US.
The median home value in Bedford is $368,654.
The median income in Bedford is $81,393.
According to the most recent data on the cost of living, Bedford has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Texas, Bedford has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Bedford ranks as #319 most affordable out of the 414 places we measured in Texas. By definition, that implies Bedford ranks as the #95 most expensive place in the Lone Star State.
For more reading on life in Bedford, check out:
Six factors go into calculating the cost of living index in Bedford. Here is how it fairs on each of the criteria:
The Services index in Bedford is 109.
The Groceries index in Bedford is 101.
The Health index in Bedford is 109.
The Housing index in Bedford is 125.
The Transportation index in Bedford is 87.
The Utilities index in Bedford is 109.
| Living Expense | Bedford | Texas | National Average | |
|---|---|---|---|---|
| Overall | 111 | 92 | 100 | |
| Services | 109 | 97 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 109 | 93 | 100 | |
| Housing | 125 | 82 | 100 | |
| Transportation | 87 | 94 | 100 | |
| Utilities | 109 | 104 | 100 | |
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Bedford is $368,654.
The Median Rent in Bedford is $1,429.
The Median Income in Bedford is $81,393.
The Home Value To Income in Bedford is 4.5x.
The Rent To Monthly Income in Bedford is 0.21x.
The cost of living varies in the cities and towns around Bedford. Here's a quick look at the cost of living in the most populous nearby places:
Carrollton, TX has a cost of living index of 120, 1.1x Bedford.
Lewisville, TX has a cost of living index of 118, 1.1x Bedford.
Flower Mound, TX has a cost of living index of 135, 1.2x Bedford.
| City | Population | Cost Of Living | Vs. Bedford |
|---|---|---|---|
| Carrollton, TX | 132,741 | 120 | 1.1x |
| Lewisville, TX | 128,313 | 118 | 1.1x |
| Flower Mound, TX | 77,886 | 135 | 1.2x |
| North Richland Hills, TX | 70,338 | 110 | 1.0x |
| Euless, TX | 60,373 | 109 | 1.0x |
| Grapevine, TX | 50,875 | 126 | 1.1x |
| Keller, TX | 45,598 | 134 | 1.2x |
| Coppell, TX | 42,029 | 135 | 1.2x |
| Hurst, TX | 39,912 | 109 | 1.0x |
| Southlake, TX | 31,044 | 163 | 1.5x |