Page 12 - Bedford-FY23-24 Budget

Economic Analysis

Household income is a key data point in evaluating a community ’s wealth and
spending power. Pay levels and earnings typically vary by geographic regions and
should be looked at in context of the overall cost of living.

H O U S E H O L D I N C O M E
O v e r $ 2 0 0 , 0 0 0
$ 1 5 0 , 0 0 0 t o $ 2 0 0 , 0 0 0
Above $200,000
6%
$ 1 2 5 , 0 0 0 t o $ 1 5 0 , 0 0 0

$ 1 0 0 , 0 0 0 t o $ 1 2 5 , 0 0 0
27%
lower than state average

$ 7 5 , 0 0 0 t o $ 1 0 0 , 0 0 0
Median Income
B76,409

$ 5 0 , 0 0 0 t o $ 7 5 , 0 0 0
13%
higher than state average

Below $25,000
$ 2 5 , 0 0 0 t o $ 5 0 , 0 0 0
10%

44%
B e l o w $ 2 5 , 0 0 0
lower than state average

* Data Source: American Community Sur vey 5-year estimates

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 12