Bedford Park, IL
Population 594 · Illinois
About Bedford Park, IL
Bedford Park is a small community located in Illinois with a population of 594 residents according to the latest US Census Bureau American Community Survey data. The median household income is $111,250 per year, which is 48% above the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bedford Park features a median home value of $266,800, which is 9% above the national median of $244,900. This positions Bedford Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,771, 52% above the national average of $1,163/month. Of the 200 total housing units, 82% are owner-occupied (161 units) and 18% are renter-occupied (35 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bedford Park shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bedford Park have an average one-way commute time of 26 minutes.
Education & Demographics
33.0% of Bedford Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 39.6% White, 0.7% Hispanic or Latino, 1.9% Black or African American, and 0.0% Asian residents, with 11.8% of the population being foreign-born.
Cost of Living in Bedford Park, IL
Compared to national averages, Bedford Park has a median household income of $111,250 (48% above the national median of $75,149). Home values average $266,800, which is 9% above the national median. Monthly rent at $1,771 is 52% above the US average of $1,163. Within Illinois, Bedford Park's income is 48% above the state average of $75,072, and home values are 61% above the state median of $165,779.
Why Live in Bedford Park, IL?
Bedford Park offers a strong local economy with a median household income of $111,250, well above the national average, and a low poverty rate of 10.1%, better than the national average.
Bedford Park has a population of 594 with a median age of 39.7 years. Compare Bedford Park with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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Economy & Education
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Bedford Park
What is the population of Bedford Park, IL?
The population of Bedford Park, IL is 594 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Bedford Park?
The median household income in Bedford Park, IL is $111,250 per year, which is 48% above the national median of $75,149.
What is the median home value in Bedford Park?
The median home value in Bedford Park, IL is $266,800, which is 9% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bedford Park?
The median monthly rent in Bedford Park, IL is $1,771, which is 52% above the national average of $1,163/month.
What is the unemployment rate in Bedford Park?
The unemployment rate in Bedford Park, IL is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bedford Park, IL a good place to live?
Bedford Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 594 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Bedford Park, IL?
33.0% of residents in Bedford Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bedford Park?
Key cost-of-living indicators for Bedford Park, IL: median home value is $266,800 (9% above national), median rent is $1,771/month, and median household income is $111,250. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bedford Park?
The poverty rate in Bedford Park, IL is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bedford Park, IL?
Bedford Park's population is 39.6% White, 0.7% Hispanic or Latino, 1.9% Black or African American, 0.0% Asian, and 5.1% two or more races. 11.8% of residents are foreign-born.