Bedford, MA
Maps & Population Facts
Population
14,105
Population Density
1,032
Labor Participaton
68.2%
Bachelor's or Higher
70.1%
Median Household Income
$125,208
Median Individual Income
$71,872
Median Individual Income(Full-time Workers Only)
$93,954
Housing Estimates
Median House Value
$605,900
Median Gross Rent
$1,770
Median Mortgage Payment
$3,233
Housing Units
5,346
People who reside in Bedford live in:
Detached - Single Family Homes
64%
Apt, Condo, Other
36%
Analysis
Income
Households in Bedford earn significantly more money than the national median income, averaging 1.08% higher per household.
Housing
Bedford has a median house price of $605,900, which makes it one of the most expensive places in the United States to own property. The cost of renting in Bedford is 75% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 18% |
Demographics
The median age in Bedford is 43. Bedford has a population that is significantly older than in comparison to the US median age.
Bedford ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Bedford | Massachusetts | USA | |
| Median Property Value | 605,900 | 385,400 | 217,600 |
| Median Mortgage Payment | 3,233 | 2,108 | 1,513 |
| Median Gross Rent | 1,770 | 1,208 | 1,012 |
| Property Vacancy | 2.0% | 10.0% | 12.6% |
| % Renters | 26% | 38% | 36% |
| Residents per Sq. Mi. | 1,032 | 885 | 93 |
Personal Comparison
| Bedford | Massachusetts | USA | |
| Median Household Income | 125,208 | 77,385 | 60,336 |
| Median Individual Income | 71,872 | 41,700 | 33,646 |
| Median Income (Full-Time) | 93,954 | 60,923 | 46,881 |
| Median Age | 43.3 | 39.5 | 38.1 |
| Labor Participation | 68.2% | 67.8% | 62.8% |
| Attained College Degree | 70.1% | 43.4% | 32.0% |
Population Density Analysis
Bedford, MA
1,032
Residents per Sq. Mile
The population density of Bedford is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +