Bedford

Economic profile. Data last updated 2026-03-28.

Bedford supports 82,360 workplace jobs with median earnings 9% above the England average.

Population

194,976

24.6%

England: 58,620,101

Workplace Jobs

82,360

Median Annual Earnings

£35,987

83rd of 348

England: £33,080

Median House Price

£299,710

1.8%83rd of 348

England: £290,000

Price-to-Earnings

8.3x

GVA per Job

£61,116

157th of 391

England: £63,763

Source: ONS, Nomis, HM Land Registry, 2024-2025·Last updated March 2026

Demographics & Population

Mid-year population estimates (2024) and Census 2021 age profile.

Mid-year population estimate of 194,976. Population has grown by 24.6% over five years, significantly above the England rate of 11.4%.

Population

194,976

England: 58,620,101

Working-Age (16-64)

62.6%

England: 62.9%

Under 16

20.3%

Over 65

17.1%

Source: ONS Mid-Year Population Estimates, Census 2021, 2024·Last updated March 2026

Earnings & Income

Gross annual earnings distribution, 2025.

Median annual earnings of £35,987 are above the England median of £33,080.

Median Annual

£35,987

England: £33,080

10th Percentile

£13,472

90th Percentile

N/A

90/10 Ratio

N/A

Gender Pay Gap

The gender pay gap is 25.7% (male median £39,860, female median £29,598). This is below the England gap of 28.2%.

Gender Pay Gap

25.7%

England: 28.2%

Source: ASHE via Nomis, 2025·Last updated March 2026

Industry Structure

Location quotients and shift-share analysis for Bedford's economy.

The most specialised sectors are Transport & storage (LQ 1.45) and Public administration & defence (LQ 1.34). Wholesale & retail trade shows the strongest local competitive advantage. Professional, scientific & technical underperforms its national sectoral trend.

Largest Sector

Wholesale & retail trade

Most Specialised

Transport & storage

England: LQ 1.45

Fastest Growing

Wholesale & retail trade

Specialised Sectors

4

England: LQ > 1.25

Source: BRES via Nomis, 2020-2024·Last updated March 2026

Housing & Property Market

Estimated house prices for Bedford vs England, 2015-2025.

The median house price of £299,710 is in line with the England median of £290,000. The price-to-earnings ratio is 8.3x. Prices have risen 1.8% over the past year.

Median Price

£299,710

England: £290,000

Price-to-Earnings

8.3x

12-Month Change

1.8%

Source: HM Land Registry, Census 2021, 2015-2025·Last updated March 2026

Benchmark to national figures

Comparing Bedford to England and Great Britain averages.

Bedford's median earnings of £35,987 are 9% above the England average of £32,909. House prices are 9% above the England median. The claimant rate of 4.5% is higher than the GB average of 3.5%.

Median earnings

£35,987

England: £32,909(9% above)
GB: £32,401(11% above)

Median house price

£299,710

England: £274,076(9% above)
GB: £269,841(11% above)

Claimant rate

4.5%

England: 3.6%(0.9pp higher)
GB: 3.5%(1pp higher)

GVA per job

£61,116

England: £61,178
GB: £61,125

Working-age population

62.6%

England: 62.1%(0.5pp higher)
GB: 61.9%(0.7pp higher)

Population change (5yr)

24.6%

England: 11.5%(13.1pp higher)
GB: 10.3%(14.3pp higher)

Country averages computed from local authority-level data (England: 294 LAs, GB: 348 LAs). May differ slightly from official published national statistics.