Housing costs in Bedford?
A typical home costs
$247,200, which is 26.9% less expensive than the national average of
$338,100 and 13.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bedford costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 3.5% more than the state average of
$1,100.
Can I afford Bedford?
To live comfortably in Bedford, Michigan, a minimum annual income of
$47,520 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Bedford?
The cost of living in Bedford, MI is quite reasonable. The median home cost is around $125,000, with rental rates averaging around $800 per month. The overall cost of living index sits at 78.1%, which is lower than the national average of 100%. Additionally, utilities are relatively inexpensive, with electricity rates being below the national average. The food and grocery costs are also very reasonable, with an index rating of 95% compared to the national average. In general, residents in Bedford can expect to pay around 10-15% less for their monthly expenses compared to other areas throughout the country.