Bedford, MA Economy

Bedford, MA is a small town located 22 miles northwest of Boston. It is relatively affordable compared to other towns in the area with a two bedroom rent costing $2,980 versus the US average of $1,430. Additionally, the Grocery Cost Index in Bedford, MA is 114 as opposed to 100 in the US. Bedford is home to several businesses such as A.J's Bar and Grill, Great Brook Farm Ice Cream Stand and Micro-Tech Services Corporation.

Bedford has an unemployment rate of 4.9%. The US average is 6.0%.

Bedford has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 44.6%, which is higher than the US average of 33.5%.

Tax Rates for Bedford
- The Sales Tax Rate for Bedford is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Bedford is 5.1%. 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 $75,343 a year. The US average is $37,638 a year.
- The Median household income of a Bedford resident is $140,647 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Bedford, Massachusetts	United States
	4.9	6
	-9.1%	-6.2%
	44.6%	33.5%
	6.3%	6.2%
	5.1%	4.6%
	$75,343	$37,638
	$140,647	$69,021
	$193,578	$85,028
Population by Occupation
	0.7%	1.2%
	0.0%	0.5%
	3.2%	6.8%
	13.5%	10.0%
	0.9%	2.5%
	6.8%	11.0%
	1.4%	4.8%
	0.2%	0.8%
	2.1%	1.9%
	5.3%	4.7%
	2.4%	1.9%
	28.9%	7.6%
	0.1%	0.1%
	2.7%	4.2%
	11.3%	9.3%
	13.1%	14.0%
	1.1%	2.1%
	2.3%	7.0%
	2.4%	4.8%
	1.6%	4.7%