Bedford, IN vs Rensselaer, IN

Bedford is moderately more affordable than Rensselaer, with a 7.6% lower cost of living index. Bedford scores 69 compared to 74 for Rensselaer, where the US average is 100. This difference means residents of Rensselaer 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 $868/month in Rensselaer — a 6% difference. Home values follow the same pattern: Bedford is more affordable at $136,900 median vs $149,100.

Median household income in Bedford is $50,253 compared to $61,648 in Rensselaer (-18.5%). While Rensselaer 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, more than the 16.9% in Rensselaer.