Cost of Living in Bedford, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.3
100 = national avg
-32.7 vs national average
Living Wage (1 Adult)
$29,615
per year
Living Wage (Family of 4)
$69,998
per year
Cost Index by Category
Housing69.9
Food75.8
Transportation51.6
Healthcare80.6
Utilities79.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$780
per month
2 Bedroom
$1,001
per month
The overall cost of living index in Bedford is 67.3, which is 32.7% below the national average. Housing costs are below the national average at an index of 69.9. A single adult needs to earn approximately $29,615 per year to cover basic expenses.