Bedford County TN Information

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Bedford County Subdivisions

Bedford County TN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 51,968 (100%)
Population in Households 50,949 (98.0%)
Population in Families 42,053 (80.9%)
Population in Group Quarters1 1,019 ( 2.0%)
Population Density 110
Diversity Index2 59
 
 

INCOME

Median Household Income $59,302
Average Household Income $78,357
% of Income for Mortgage4 23%
Per Capita Income $28,787
Wealth Index5 63
Socioeconomic Status Index6 Moderate (45.4)
 

HOUSING

Total HU (Housing Units) 20,444 (100%)
Owner Occupied HU 13,416 (65.6%)
Renter Occupied HU 5,659 (27.7%)
Vacant Housing Units 1,369 ( 6.7%)
Median Home Value $226,864
Average Home Value $301,975
Housing Affordability Index3 111
 

HOUSEHOLDS

Total Households 19,075
Average Household Size 2.67
Family Households 13,245
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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

2020-2023 2023-2028
Population 1.05% 0.55%
Households 1.20% 0.70%
Families   0.62%
Median Household Income   2.03%
Per Capita Income   2.38%
Owner Occupied HU   1.07%

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Bedford County TN - Peer Comparisons by Rank and Percentile

The table below compares Bedford County to the other 95 counties and county equivalents in Tennessee by rank and percentile using July 1, 2023 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 # 32 67th
Population Density # 32 67th
Median Household Income # 22 78th
Housing Affordability Index # 31 33rd
Per Capita Income # 51 47th
Diversity Index # 7 94th

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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