Bedford, IA is a small city located in Taylor County. It has an approximate population of 1,200 and offers housing at a much lower rate than the US average. The monthly rent for two-bedroom apartments in Bedford is $810, which is only about 57% of the national average. Additionally, the Grocery Cost Index in Bedford is 93 versus 100 in the US, making groceries more affordable as well. There are many local businesses that make up this small town including grocery stores such as Casey's General Store and The Fresh Market, restaurants like Kristi's Café & Catering, and services such as Precision Automotive Repair and Dr. Travis Whipple Dental Office.
Bedford has an unemployment rate of 3.3%. The US average is 6.0%.
Bedford has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Bedford
- The Sales Tax Rate for Bedford is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bedford is 9.0%. 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 $19,831 a year. The US average is $28,555 a year.
- The Median household income of a Bedford resident is $58,250 a year. The US average is $69,021 a year.