Bedford, IN vs New Albany, IN

Bedford is moderately more affordable than New Albany, with a 9.5% lower cost of living index. Bedford scores 69 compared to 76 for New Albany, where the US average is 100. This difference means residents of New Albany can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bedford is $819/month compared to $971/month in New Albany — a 16% difference. Home values follow the same pattern: Bedford is more affordable at $136,900 median vs $169,600.

Median household income in Bedford is $50,253 compared to $54,152 in New Albany (-7.2%). The higher salaries in New Albany partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Bedford spend roughly 19.6% of their income on rent, less than the 21.5% in New Albany.