States › Indiana › Bedford

Is Bedford, IN expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$95146% lower than U.S. average
💵 Families earn per year (2026)$53,443about $4,454/month · 39% lower than U.S. average
🔑 House price$152,40054% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $38,040 a year. That is $18 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

Yes. Rent here is cheaper than in most of Indiana. It is number 21 of 132 cities from cheapest to most expensive.

Bedford
$951
Speedway
$1,441
Auburn
$957
Chesterton
$1,565
Lake Station
$1,093
Connersville
$938
Beech Grove
$1,449

How much do households earn in Bedford?

Under $25k
25.2%
$25k–50k
23.2%
$50k–100k
29.5%
$100k–150k
11.8%
$150k+
3.0%

Share of households by yearly income. 14.8% of households earn $100,000 or more.

Rent by apartment size in Bedford

SizeBedfordU.S. average
1 bedroom$630$1,324
2 bedrooms$1,000$1,509
3 bedrooms$1,016$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Bedford overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Bedford, so the Indiana figure is shown.

Taxes and bills in Bedford

🏛️ Property tax$1,058a year · 0.69% of home value · U.S. $3,119
⚡ Electric bill$142a month (typical) · U.S. $156

Life in Bedford

Commute to work23.8 minU.S.: 26.4 min
College degree17.3%U.S.: 35.7%
Own their home67.2%U.S.: 65.2%
Below poverty line16.2%U.S.: 12.5%
Unemployment2.3%U.S.: 5.2%

Is it cheaper to rent or buy in Bedford?

Renting is cheaper right now: about $106 a month less.

Renting
$951
Owning
$1,057

Owning assumes a typical $152,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,240 for the down payment.

Frequently asked questions

What is the average rent in Bedford, IN?

Renting in Bedford costs a median of about $951 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Bedford?

To keep rent under 30% of income, you need about $38,040 a year, or $18 an hour at a full-time job.

Is Bedford cheap or expensive?

Bedford is rated OK: rent takes 21.4% of the typical household income of $53,443. It ranks 21st cheapest of 132 Indiana cities we track.

How much are property taxes in Bedford?

The median homeowner in Bedford pays $1,058 a year in property taxes, about 0.69% of the median home value.

Is Bedford more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Bedford?

The median home value in Bedford is $152,400, about 2.9 times the typical yearly household income.

13,837 people live in Bedford. Numbers are typical (middle) values.