Bedford, OH Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
89
Bedford's Overall Cost Of Living
0.9x
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:

125 out of 286
In Ohio
1,460 out of 6,412
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
For more reading on cost of living around Ohio, check out:
Bedford Cost of Living Vs. OH

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
Search Homes For Sale In Bedford, OH
$94,800
Median Home Value
$911
Median Rent
$49,541
Median Income

Bedford, OH Costs By Category

Detailed Bedford Services Costs Vs. Ohio

Item Bedford Ohio
Shampoo $1.08 $1.06
Movie $11.87 $10.68
Bowling $16.87 $14.67
Haircut $18.34 $18.62
Beauty Salon $31.4 $39.05

Detailed Bedford Groceries Costs Vs. Ohio

Item Bedford Ohio
Ground Beef $5.31 $4.22
Fried Chicken $1.83 $1.39
Milk $1.55 $2.05
Potatoes $3.19 $3.29
Pizza $11.49 $10.62
Beer $9.17 $9.38
Toothpaste $2.65 $2.34

Detailed Bedford Health Costs Vs. Ohio

Item Bedford Ohio
Optometrist $86.0 $108.57
Doctor $121.47 $116.17
Dentist $119.67 $99.13

Detailed Bedford Transportation Costs Vs. Ohio

Item Bedford Ohio
Gasoline $2.25 $2.22
Tire Balancing $47.56 $50.07

Detailed Bedford Utilities Costs Vs. Ohio

Item Bedford Ohio
All Electricity $154.37 $167.67
Phone $180.6 $175.64

Bedford SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8
Diversity
9
Safety
N/A
Amenities
8.5
Education
8
Commute
8

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

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