Bedford, IN Profile: Facts & Data

Bedford, Indiana - Basic Facts

The City of Bedford had a population of 13,766 as of July 1, 2024.

The primary coordinate point for Bedford is located at latitude 38.8612 and longitude -86.4872 in Lawrence County. The formal boundaries for the City of Bedford encompass a land area of 12.16 sq. miles and a water area of 0 sq. miles. Lawrence County is in the Eastern time zone (GMT -5).

The City of Bedford has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Bedford is located within Township of Shawswick, a minor civil division (MCD) of Lawrence County.

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Bedford, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	13,766 (100%)
Population in Households	13,207 (95.9%)
Population in Families	9,942 (72.2%)
Population in Group Quarters¹	559 ( 4.1%)
Population Density	1,127
Diversity Index²	19


INCOME
Median Household Income	$54,244
Average Household Income	$72,696
% of Income for Mortgage⁴	19%
Per Capita Income	$31,537
Wealth Index⁵	55
Socioeconomic Status Index⁶	Moderate (47.7)

HOUSING
Total HU (Housing Units)	6,598 (100%)
Owner Occupied HU	3,874 (58.7%)
Renter Occupied HU	2,085 (31.6%)
Vacant Housing Units	639 ( 9.7%)
Median Home Value	$166,571
Average Home Value	$192,888
Housing Affordability Index³	132

HOUSEHOLDS
Total Households	5,959
Average Household Size	2.22
Family Households	3,366
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

6,598 (100%)

Owner Occupied HU

3,874 (58.7%)

Renter Occupied HU

2,085 (31.6%)

Vacant Housing Units

639 ( 9.7%)

Median Home Value

$166,571

Average Home Value

$192,888

Housing Affordability Index³

132

HOUSEHOLDS

Total Households

5,959

Average Household Size

2.22

Family Households

3,366

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.04%	-0.12%
Households	-0.02%	0.11%
Families		-0.01%
Median Household Income		3.65%
Per Capita Income		3.29%
Owner Occupied HU		0.30%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.04%

-0.12%

Households

-0.02%

0.11%

Families

-0.01%

Median Household Income

3.65%

Per Capita Income

3.29%

Owner Occupied HU

0.30%

Bedford, IN - Peer Comparisons by Rank and Percentile

The table below compares Bedford to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 67	93rd
Population Density	# 396	60th
Median Household Income	# 814	17th
Housing Affordability Index	# 530	54th
Per Capita Income	# 669	32nd
Diversity Index	# 435	55th

Variable Description

Rank

Percentile

Total Population

# 67

93rd

Population Density

# 396

60th

Median Household Income

# 814

17th

Housing Affordability Index

# 530

54th

Per Capita Income

# 669

32nd

Diversity Index

# 435

55th

Indiana Census Data Comparison Tool

Bedford, IN Profile: Facts & Data

Bedford, Indiana - Basic Facts

Bedford, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bedford, IN - Peer Comparisons by Rank and Percentile

Bedford, IN - Most Popular Things to Do

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Lawrence County