Cost of Living in Bedford

Bedford, is known for its affluent community and picturesque surroundings, which contribute to a higher cost of living compared to the national average. Housing prices in Bedford are significantly above average, reflecting the desirability of the area and the affluence of many of its residents. For 3-bedroom homes, prices can range from $700,000 to well over $1 million, depending on the location, size, and amenities of the property. 4-bedroom homes are typically priced even higher, often starting at around $1 million and can go up to several million dollars for luxury estates with extensive grounds and privacy.

Apartment rentals in Bedford can also be quite costly, with 1-bedroom units starting at around $1,500 per month and larger 2 or 3-bedroom apartments or townhomes ranging from $2,500 to $4,500 per month or more. The purchase price for apartments or condos, while varying widely based on size and location, can start at approximately $300,000 and climb significantly for luxury units with more space and amenities.

When it comes to dining out, Bedford offers a range of options from casual eateries to upscale restaurants. A typical meal at a mid-range restaurant might cost between $15 and $30 per person, while a three-course meal at an upscale establishment could easily be $50 to $100 per person or more, excluding drinks and gratuity. Fast food and takeout options are generally in line with national averages, with meals ranging from $7 to $15.

Utilities in Bedford, including electricity, heating, cooling, water, and garbage services, can average between $250 and $400 per month for a standard family home, depending on usage and the time of year. Internet and cable services add an additional cost, typically ranging from $60 to $150 per month based on the service package chosen.

Private school tuition in Bedford varies widely depending on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $20,000 and $40,000 per year, while private high schools can be even more expensive, with some annual tuitions exceeding $40,000. These costs reflect the high quality of education and facilities that these private institutions often provide.