Bedford, IN Metro Area is a great place to live. The low rental cost for a two bedroom apartment makes it an ideal choice for those looking for affordable housing. The grocery cost index of 93 in Bedford is quite good compared to the higher 100 grocery cost index in the US. The area provides many local companies and attractions such as the IU Health Bedford Hospital, Hoosier National Forest, and Otis Park Golf Course. For those looking to explore their outdoor interests there are several hiking trails, lakes, and parks nearby. Additionally, historic sites like the Jesse L. Bobbitt Museum and Lincoln Boyhood National Memorial provide insight into the history of Bedford's culture and heritage.
Bedford Metro Area has an unemployment rate of 4.7%. The US average is 6.0%.
Bedford Metro Area has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Bedford Metro Area
- The Sales Tax Rate for Bedford Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bedford Metro Area is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bedford Metro Area
- The average income of a Bedford Metro Area resident is $30,023 a year. The US average is $37,638 a year.
- The Median household income of a Bedford Metro Area resident is $60,041 a year. The US average is $69,021 a year.