Cost of Living in Medford, MA
Population: 59,062 • 2026 Data
$118,089
Median Household Income
+53% vs national
$2,477
Median Monthly Rent
+84% vs national
$715,500
Median Home Value
+111% vs national
4.4%
Unemployment Rate
Housing in Medford
The median home value in Medford, MA is $715,500. Monthly rent for a typical unit averages $2,477, while total monthly housing costs (including utilities and insurance) average $2,389.
Rent-to-income ratio: 25.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Medford, MA is $118,089. The unemployment rate stands at 4.4%, with a labor force of 37,237 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.