Bedford, NY
Population 2,118 · New York
About Bedford, NY
Bedford is a small town located in New York with a population of 2,118 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 43.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Bedford features a median home value of $1,125,600, which is 360% above the national median of $244,900. This places Bedford in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 846 total housing units, 99% are owner-occupied (747 units) and 1% are renter-occupied (9 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bedford shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bedford have an average one-way commute time of 45.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
83.4% of Bedford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 1.4% Hispanic or Latino, 1.9% Black or African American, and 3.3% Asian residents, with 7.3% of the population being foreign-born.
How Bedford Ranks in New York
Cost of Living in Bedford, NY
Compared to national averages, Bedford has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,125,600, which is 360% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Bedford's income is 158% above the state average of $96,987, and home values are 191% above the state median of $387,181.
Why Live in Bedford, NY?
Bedford offers a strong local economy with a median household income of $250,001, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a well-educated community where 83.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,125,600. However, Bedford’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bedford has a population of 2,118 with a median age of 43.4 years. Compare Bedford with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Bedford
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Red Hook | 2,119 | $104,022 | $344,300 | Compare |
| Cooperstown | 2,113 | $70,179 | $376,200 | Compare |
| Clifton Springs | 2,124 | $62,500 | $163,900 | Compare |
| Falconer | 2,103 | $50,231 | $85,700 | Compare |
| Central Square | 2,136 | $67,232 | $191,000 | Compare |
| Hyde Park | 2,100 | $86,346 | $287,400 | Compare |
| Crompond | 2,144 | $203,080 | $556,500 | Compare |
| Washington Mills | 2,148 | $128,571 | $208,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bedford With Other Cities
Frequently Asked Questions about Bedford
What is the population of Bedford, NY?
The population of Bedford, NY is 2,118 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Bedford?
The median household income in Bedford, NY is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Bedford?
The median home value in Bedford, NY is $1,125,600, which is 360% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bedford?
The median monthly rent in Bedford, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Bedford?
The unemployment rate in Bedford, NY is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bedford, NY a good place to live?
Bedford offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,118 and a median age of 43.4, the city appeals to a broad range of residents.
How educated is Bedford, NY?
83.4% of residents in Bedford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Bedford?
Key cost-of-living indicators for Bedford, NY: median home value is $1,125,600 (360% above national), median rent is $0/month, and median household income is $250,001. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Bedford?
The poverty rate in Bedford, NY is 8.0%, 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, NY?
Bedford's population is 0.0% White, 1.4% Hispanic or Latino, 1.9% Black or African American, 3.3% Asian, and 0.2% two or more races. 7.3% of residents are foreign-born.