Bedford, MI is a quaint town located in Monroe County. It offers residents a relaxing atmosphere with plenty of amenities. The cost of living in Bedford, MI is quite affordable as 2 Bedroom rent in the area averages around $1,140, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index for Bedford is at 95 compared to 100 found in the U.S. This makes groceries more affordable for those living in Bedford.
The town of Bedford has several local businesses including Lazy J BBQ & Catering, Central Fabrication Machine & Welding and A&D Automotive Repair Inc., all of whom offer excellent services to the community. There are also many outdoor activities available including hiking trails at Sterling State Park and fishing at Lake Erie Metropark for locals to enjoy. Additionally, there are plenty of places to shop and eat with over 20 restaurants located within the city limits alone.
Bedford is also home to Bedford Public Schools which provides quality education from preschool through high school for its students. The district has earned numerous accolades such as being named one of the top five high performing districts in Michigan by Niche and having achieved an 86% graduation rate. Overall, Bedford is an ideal place to live offering great amenities and low costs for its residents.
Bedford has an unemployment rate of 4.7%. The US average is 6.0%.
Bedford has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Bedford
- The Sales Tax Rate for Bedford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bedford is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bedford
- The average income of a Bedford resident is $30,265 a year. The US average is $28,555 a year.
- The Median household income of a Bedford resident is $74,188 a year. The US average is $69,021 a year.