Bedford, OH Cost Of Living
Cost Of Living In Bedford, OH Summary
Cost of living in Bedford research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bedford is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bedford is 89, with 100 being the average.
The cost of living index in Bedford is 0.9x lower than the national average.
Bedford ranks as the #125 cheapest in Ohio out of 286.
Bedford ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Bedford is $94,800.
The median income in Bedford is $49,541.
Table Of Contents
Bedford's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bedford, OH?
According to the most recent data on the cost of living, Bedford has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Ohio, Bedford has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Bedford ranks as #125 most affordable out of the 286 places we measured in Ohio. By definition, that implies Bedford ranks as the #161 most expensive place in the Buckeye State.
For more reading on life in Bedford, check out:
- Living In Bedford
- Bedford Crime Report
- Search Homes For Sale In Bedford, OH
In Ohio
In America
Bedford Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Bedford. Here is how it fairs on each of the criteria:
The Services index in Bedford is 102.
The Groceries index in Bedford is 105.
The Health index in Bedford is 111.
The Housing index in Bedford is 60.
The Transportation index in Bedford is 101.
The Utilities index in Bedford is 96.
| Living Expense | Bedford | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 89 | 91 | 100 | |
| Services | 102 | 98 | 100 | |
| Groceries | 105 | 101 | 100 | |
| Health | 111 | 95 | 100 | |
| Housing | 60 | 73 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 96 | 93 | 100 | |
Bedford, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bedford is $94,800.
The Median Rent in Bedford is $911.
The Median Income in Bedford is $49,541.
The Home Value To Income in Bedford is 1.9x.
The Rent To Monthly Income in Bedford is 0.22x.
| Statistic | Bedford | Ohio | United States |
|---|---|---|---|
| Median Home Value | $94,800 | $159,900 | $244,900 |
| Median Rent | $911 | $870 | $1,163 |
| Median Income | $49,541 | $61,938 | $69,021 |
| Home Value To Income | 1.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Bedford, OH Costs By Category
Detailed Bedford Services Costs Vs. Ohio
Detailed Bedford Groceries Costs Vs. Ohio
Detailed Bedford Health Costs Vs. Ohio
Detailed Bedford Transportation Costs Vs. Ohio
Detailed Bedford Utilities Costs Vs. Ohio
Bedford SnackAbility
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Cost Of Living In Cities Around Bedford
The cost of living varies in the cities and towns around Bedford. Here's a quick look at the cost of living in the most populous nearby places:
Strongsville, OH has a cost of living index of 99, 1.1x Bedford.
North Olmsted, OH has a cost of living index of 96, 1.1x Bedford.
Shaker Heights, OH has a cost of living index of 103, 1.2x Bedford.
| City | Population | Cost Of Living | Vs. Bedford |
|---|---|---|---|
| Strongsville, OH | 46,187 | 99 | 1.1x |
| North Olmsted, OH | 32,371 | 96 | 1.1x |
| Shaker Heights, OH | 29,197 | 103 | 1.2x |
| Solon, OH | 24,070 | 114 | 1.3x |
| Maple Heights, OH | 23,511 | 85 | 1.0x |
| Hudson, OH | 23,001 | 124 | 1.4x |
| Broadview Heights, OH | 19,820 | 104 | 1.2x |
| Warrensville Heights, OH | 13,694 | 88 | 1.0x |
| Macedonia, OH | 12,083 | 103 | 1.2x |
| Bedford Heights, OH | 10,942 | 86 | 1.0x |
