Bedford, NY is an excellent place to live due to the affordable rent and low cost of living. With an average 2 bedroom rent of $2,510 compared to the US average of $1,430, Bedford offers a great balance between cost and quality of life. Furthermore, the grocery cost index in Bedford is 110 versus 100 in the US making it an economical choice for groceries as well.
The town of Bedford also has many attractions that make it an ideal place to call home. There are numerous local businesses such as Bedford Village Green Market, which sells fresh produce, prepared foods, and more; The Bear Mountain Bridge Company offering unique goods; and The Village Restaurant which serves up classic American food. Additionally, there are numerous parks for outdoor activities like swimming or hiking. With all these amenities combined with low costs of living, Bedford is truly a great place to live.
Bedford has an unemployment rate of 6.2%. The US average is 6.0%.
Bedford has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Bedford
- The Sales Tax Rate for Bedford is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Bedford is 6.5%. 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 $65,554 a year. The US average is $28,555 a year.
- The Median household income of a Bedford resident is $151,827 a year. The US average is $69,021 a year.