Page 12 - City of Bedford FY22 Budget

Economic Analysis

House h old in com e is a k e y d at a p oin t in e v aluat in g a com m un it y ’s w e alt h an d
sp e n d in g p ow e r . Pay le v e ls an d e ar n in g s t y p ically v ar y b y g e og rap h ic r e g ion s an d
sh ould b e look e d at in con t e x t of t h e ov e rall cost of liv in g .

O v e r $ 2 0 0 , 0 0 0 H O U S E H O L D I N C O M E
$ 1 5 0 , 0 0 0 t o $ 2 0 0 , 0 0 0
A bov e $2 0 0 ,0 0 0
$ 1 2 5 , 0 0 0 t o $ 1 5 0 , 0 0 0
6%

$ 1 0 0 , 0 0 0 t o $ 1 2 5 , 0 0 0
24%
low e r th a n sta te a ve ra g e
$ 7 5 , 0 0 0 t o $ 1 0 0 , 0 0 0
Medi a n Inc om e
"70,362

$ 5 0 , 0 0 0 t o $ 7 5 , 0 0 0
14%
h ig h e r th a n sta te a ve ra g e

B el ow $2 5 ,0 0 0
$ 2 5 , 0 0 0 t o $ 5 0 , 0 0 0
10%

45%
B e l o w $ 2 5 , 0 0 0
low e r th a n sta te a ve ra g e

* Da t a S our ce : Am e r ica n Com m unit y S ur ve y, 2010 Ce ns us , 2000 U S Ce ns us a nd 19 9 0 U S Ce ns us

City of Bedford, TX | Budget Book 2022 Page 12