Cost of Living in Bedford
The biggest cost-of-living factor in Bedford, Massachusetts is housing. The median home is priced around $1.31M, or about $469 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $6,815, plus roughly $1,318 per month in property taxes. Rates and down payment change this figure significantly.
Bedford's FY2025 residential property tax rate is $12.04 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Bedford.