Bedford, KY vs Ferguson, KY

Bedford, KY and Ferguson, KY have a very similar cost of living, with only a 4.7% difference in their overall index. Bedford scores 65 while Ferguson scores 62 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 $865/month compared to $678/month in Ferguson — a 28% difference. Interestingly, home values tell a different story: while Ferguson has cheaper rent, Bedford actually has lower median home values ($81,100 vs $115,000).

Median household income in Bedford is $33,750 compared to $33,981 in Ferguson (-0.7%). Ferguson offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bedford spend roughly 30.8% of their income on rent, more than the 23.9% in Ferguson. The Ferguson ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.