Bedford, Massachusetts Median Income

Bedford, Massachusetts has a population of 14,600, with a median household income of $94,000.

Current median income data for Bedford.

$94,000

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Population

14,600

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Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

221.00 Mbps

Bedford is a small local community located in Massachusetts. The city has a population that is below the average city population in Massachusetts, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Massachusetts, Bedford provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Bedford has a population of 14,600, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Bedford is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Bedford is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Bedford is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Bedford are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Bedford shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Bedford continues to play a role in shaping regional trends in Massachusetts, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Bedford

What is the population of Bedford?

The population of Bedford is approximately 14,600.

Is Bedford a good place to live?

Bedford offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Bedford?

The median household income in Bedford is around $94,000.

How expensive is housing in Bedford?

The average housing price in Bedford is approximately $520,000.