Bedford, IN vs Richmond, IN

Bedford, IN and Richmond, IN have a very similar cost of living, with only a 3.9% difference in their overall index. Bedford scores 69 while Richmond scores 66 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 $815/month in Richmond — a 1% difference. Home values follow the same pattern: Richmond is more affordable at $107,600 median vs $136,900.

Median household income in Bedford is $50,253 compared to $46,395 in Richmond (+8.3%). While Bedford 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 21.1% in Richmond.