Bedford, Texas Income Statistics
Bedford Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Bedford Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bedford | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,405 | $78,939 | $80,455 |
| Median Personal Income | $60,797 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.6% | 4.8% |
| Six-Figure Earners | 13.6% | 13.0% | 13.9% |
| $200k+ Households | 9.7% | 12.5% | 13.2% |
The median household income in Bedford is about 6% higher than in Texas. Income has been growing slower in Bedford (3.5%/yr) than in Texas (4.6%/yr).
About 14% of adults in Bedford earn six figures ($100,000 or more) a year, higher than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bedford, Texas grew by 37.6% from 2009 to 2024, reaching $83,405 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Bedford
| Metric | Bedford | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.570 | 0.552 |
| Male Median Income | $66,094 | $66,147 | $69,667 |
| Female Median Income | $60,122 | $53,058 | $56,850 |
| Gender Pay Gap | 9.0% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Bedford, it is 0.504, lower than Texas's 0.570, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 10% more than women's income in Bedford, Texas. Over a 35-year career, a 10% wage gap accumulates to roughly $209,020 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bedford, Texas has narrowed from about 17% to 9% in 2024. Over that period the gap was narrowest at 9% in 2014. In dollar terms, the gap has narrowed by $2,471 since 2009.
Employment
| Metric | Bedford | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 5.2% | 5.2% |
| Working from Home | 17.6% | 14.4% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 1,271 people are unemployed in Bedford, Texas.
The average commute time in Bedford is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bedford, Texas has fallen from 5.3% to 4.6% in 2024. Over that period the rate peaked at 6.3% in 2013 and fell as low as 3.5% in 2020.
Bedford, TX Wealth Compared With Nearby Cities
Bedford, TX is typical in size for this group, 48,555 residents against a local median of 50,288, so the measures below are close to a like for like comparison. Bedford, TX's unemployment, at 4.6%, runs 47% above the 3.2% typical of the cities around it. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 3.5%/yr against a local median of 4.2%/yr, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Bedford, TX reads weaker than its neighbours on all of them. The cities themselves spread 2.8% on unemployment, so Bedford, TX sits at one end of an already wide local range rather than apart from it. Bedford, TX has the 4th lowest unemployment of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Bedford, TX | 48,555 | $83,405 #3/5 | 3.5%/yr #4/5 | 4.6% #4/5 | 0.504 #1/5 |
| Colleyville, TX | 28,670 | $196,093 | 3.5%/yr | 2.7% | 0.509 |
| Hurst, TX | 39,545 | $72,582 | 2.9%/yr | 3.1% | 0.524 |
| Euless, TX | 61,030 | $82,908 | 4.9%/yr | 5.5% | 0.513 |
| North Richland Hills, TX | 71,246 | $97,487 | 5.3%/yr | 3.2% | 0.522 |
Conclusion
Considering all these factors, Bedford, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bedford, Texas.
How Rich Is Bedford, Texas?
Bedford has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $83,405, about 6% higher than the Texas average of $78,939.
How fast is household income rising in Bedford, Texas?
Between 2009 and 2024, the median household income in Bedford, Texas rose 38%, from $60,600 to $83,405. Over the same years, income here lagged behind Texas as a whole: +38% against +64%.
What was the median household income in Bedford in 2023?
In 2023, the median household income in Bedford, Texas was $82,274, up 1% from $81,152 in 2022. The Texas median that year was $76,528.
What was the median household income in Bedford in 2020?
In 2020, the median household income in Bedford, Texas was $73,015. By 2024 it had risen 14% to $83,405.
What is the Gini coefficient in Bedford, Texas?
The Gini coefficient in Bedford is 0.504. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bedford, Texas?
Since 2009, the income gap between men and women in Bedford, Texas has narrowed from about 17% to 9% in 2024. Over that period the gap was narrowest at 9% in 2014. In dollar terms, the gap has narrowed by $2,471 since 2009.
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