Bedford, TX

Average · 102

Texas · Population 49,191 · Updated March 2026

$1,429
Median Rent / Month
$81,393
Median Income
$322,300
Median Home Value
$1,460
Owner Costs / Month

Affordability

How far your income goes in Bedford

21.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$17,148
Annual Rent
$0
State Income Tax
$5,157
Property Tax (est.)

Cost of Living Overview

Bedford has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Bedford residents can expect to pay median rent of $1,429/month while earning a median household income of $81,393/year.

The median home value in Bedford, TX is $322,300, with typical monthly owner costs around $1,460 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Bedford.

Frequently Asked Questions

Common questions about living costs in Bedford

What is the cost of living in Bedford, TX?
The cost of living index in Bedford, TX is 102 (US average = 100). Median monthly rent is $1,429, median household income is $81,393/year, and the median home value is $322,300.
Is Bedford, TX affordable?
No, Bedford is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 21.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bedford, TX?
The median gross rent in Bedford, TX is $1,429 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,148.
What is the median household income in Bedford?
The median household income in Bedford, TX is $81,393 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.