Living in Medford, Massachusetts
Cost of living, income, home prices, rent and demographics of Medford · Census data 2020–2024
Medford has 59,354 residents with a median age of 35.9. The median household income is $129,540 (25% higher than the Massachusetts median), the median home value is $755,500, the median rent is $2,509/month.
Medford at a glance
- Population
- 59,354
- Median age
- 35.9State: 40
- Median household income
- $129,540State: $103,960
- Median home value
- $755,500State: $562,100
- Median rent
- $2,509/moState: $1,762
- Homeowners
- 54.1%
- Bachelor's degree or higher
- 59.8%
- Average commute
- 30 min
Is Medford a good place to live?
Pros: Median household income 25% higher than the Massachusetts median; unemployment of 4.3%; a poverty rate of 7.6%.
Cons: Home values 34% higher than the state median; an average commute of 30 minutes.
The weather is best in June to September.
Cost of living in Medford
Housing is the biggest part of the cost of living. In Medford the median home value is $755,500, 127% higher than the U.S. median. Renters pay a median of $2,509 per month, which is 25.6% of household income. Homeowners with a mortgage pay $3,036 a month in housing costs.
Medford median household income
The median household income in Medford is $129,540 and the income per person is $66,184. 7.6% of residents live below the poverty line (Massachusetts: 10%).
Housing in Medford: homes for sale and rent
- Housing units
- 25,587
- Owner-occupied
- 54.1%
- Renter-occupied
- 45.9%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1942
- Average household size
- 2.34
Medford demographics
- Population
- 59,354
- Median age
- 35.9
- Under 18
- 12.7%
- 65 and older
- 15.2%
- Households
- 24,339
- Foreign-born
- 23.3%
- Veterans
- 3.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Medford ›
Education in Medford
59.8% of adults 25 and older in Medford have a bachelor's degree or higher (Massachusetts: 47.3%), and 27.6% have a graduate or professional degree.
Jobs and commute in Medford
- Unemployment rate
- 4.3%State: 5.2%
- Average commute
- 30 minState: 29 min
- Work from home
- 26.8%
- Drive alone
- 48.4%
- Public transit
- 11.9%
- Walk to work
- 3.8%
- Homes with broadband
- 92.8%
Medford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Medford | 59,354 | $129,540 | $755,500 | $2,509 |
| Somerville | 81,036 | $132,572 | $911,300 | $2,517 |
| Malden | 65,906 | $100,606 | $633,500 | $2,204 |
| Winchester | 23,406 | $230,198 | $1,215,200 | $2,279 |
| Arlington | 46,350 | $150,701 | $933,800 | $2,082 |
| Everett | 50,045 | $85,218 | $610,000 | $2,076 |
| Cambridge | 118,796 | $130,748 | $1,092,100 | $2,787 |
| Melrose | 29,650 | $133,953 | $822,900 | $1,970 |
| Stoneham | 23,355 | $113,964 | $671,900 | $2,035 |
More for people moving to Medford
Medford ZIP code ›Weather and climate ›Living in Medford: FAQ
What is the median household income in Medford, MA?
The median household income in Medford is $129,540, 25% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Medford?
The median home value in Medford is $755,500, compared with $562,100 in Massachusetts.
How much is rent in Medford?
The median gross rent in Medford is $2,509 per month, about 25.6% of household income.
Is Medford, MA a good place to live?
Pluses: median household income 25% higher than the Massachusetts median; unemployment of 4.3%; a poverty rate of 7.6%. Minuses: home values 34% higher than the state median; an average commute of 30 minutes.
What is the median age in Medford?
The median age in Medford is 35.9 years (Massachusetts: 40).
How long is the commute in Medford?
The average commute to work in Medford is 30 minutes; 26.8% of workers work from home.
What is the unemployment rate in Medford?
The unemployment rate in Medford is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Medford?
59.8% of adults in Medford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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