Housing costs in Bedford?
A typical home costs
$165,300, which is 51.1% less expensive than the national average of
$338,100 and 25.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bedford costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 22.8% more than the state average of
$980.
Can I afford Bedford?
To live comfortably in Bedford, Indiana, a minimum annual income of
$31,680 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Bedford?
Bedford, IN is known for its affordable cost of living. The median home price in Bedford is $103,400, significantly lower than the national average of $231,200. Additionally, the cost of living index in Bedford is 82.6 which is lower than the national average of 100. This means that goods and services are 17.4% cheaper compared to the country’s average costs. Renting a two-bedroom apartment also remains relatively inexpensive with an average rent of $614 per month compared to Indiana’s average rental rate of $851. These factors make Bedford an attractive option for those looking to live somewhere with a low cost of living.