Bedford, IN vs Michigan City, IN

Bedford, IN and Michigan City, IN have a very similar cost of living, with only a 2.5% difference in their overall index. Bedford scores 69 while Michigan City scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bedford is $819/month compared to $915/month in Michigan City — a 11% difference. Interestingly, home values tell a different story: while Bedford has cheaper rent, Michigan City actually has lower median home values ($129,000 vs $136,900).

Median household income in Bedford is $50,253 compared to $52,979 in Michigan City (-5.1%). While Michigan City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bedford spend roughly 19.6% of their income on rent, less than the 20.7% in Michigan City.