Living in Medway, Massachusetts
Cost of living, income, home prices, rent and demographics of Medway · Census data 2020–2024
Medway has 13,436 residents with a median age of 40.7. The median household income is $173,750 (67% higher than the Massachusetts median), the median home value is $617,300, the median rent is $1,575/month.
Medway at a glance
- Population
- 13,436
- Median age
- 40.7State: 40
- Median household income
- $173,750State: $103,960
- Median home value
- $617,300State: $562,100
- Median rent
- $1,575/moState: $1,762
- Homeowners
- 85.9%
- Bachelor's degree or higher
- 62.4%
- Average commute
- 30 min
Is Medway a good place to live?
Pros: Median household income 67% higher than the Massachusetts median; unemployment of 3.8%; a poverty rate of 3.3%.
Cons: Home values 10% higher than the state median; an average commute of 30 minutes.
The weather is best in June to September.
Cost of living in Medway
Housing is the biggest part of the cost of living. In Medway the median home value is $617,300, 86% higher than the U.S. median. Renters pay a median of $1,575 per month, which is 25.4% of household income. Homeowners with a mortgage pay $3,224 a month in housing costs.
Medway median household income
The median household income in Medway is $173,750 and the income per person is $78,143. 3.3% of residents live below the poverty line (Massachusetts: 10%).
Housing in Medway: homes for sale and rent
- Housing units
- 4,768
- Owner-occupied
- 85.9%
- Renter-occupied
- 14.1%
- Vacant
- 0.5%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.80
Medway demographics
- Population
- 13,436
- Median age
- 40.7
- Under 18
- 22.5%
- 65 and older
- 15.5%
- Households
- 4,744
- Foreign-born
- 7.5%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Medway ›
Education in Medway
62.4% of adults 25 and older in Medway have a bachelor's degree or higher (Massachusetts: 47.3%), and 22.7% have a graduate or professional degree.
Jobs and commute in Medway
- Unemployment rate
- 3.8%State: 5.2%
- Average commute
- 30 minState: 29 min
- Work from home
- 20.7%
- Drive alone
- 71.5%
- Public transit
- 0.7%
- Walk to work
- 0.9%
- Homes with broadband
- 94.4%
Medway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Medway | 13,436 | $173,750 | $617,300 | $1,575 |
| Holliston | 15,094 | $159,817 | $650,300 | $1,821 |
| Millis | 8,888 | $155,996 | $603,500 | $1,696 |
| Millis-Clicquot | 4,437 | $146,853 | $545,600 | $1,820 |
| Milford | 30,431 | $96,365 | $476,700 | $1,909 |
| Franklin Town | 33,154 | $145,773 | $611,700 | $1,899 |
| Hopedale | 6,027 | $115,722 | $466,100 | $1,788 |
| Norfolk | 11,673 | $200,720 | $725,200 | $2,019 |
| Bellingham | 17,410 | $125,307 | $450,700 | $1,836 |
More for people moving to Medway
Medway ZIP code ›Weather and climate ›Living in Medway: FAQ
What is the median household income in Medway, MA?
The median household income in Medway is $173,750, 67% 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 Medway?
The median home value in Medway is $617,300, compared with $562,100 in Massachusetts.
How much is rent in Medway?
The median gross rent in Medway is $1,575 per month, about 25.4% of household income.
Is Medway, MA a good place to live?
Pluses: median household income 67% higher than the Massachusetts median; unemployment of 3.8%; a poverty rate of 3.3%. Minuses: home values 10% higher than the state median; an average commute of 30 minutes.
What is the median age in Medway?
The median age in Medway is 40.7 years (Massachusetts: 40).
How long is the commute in Medway?
The average commute to work in Medway is 30 minutes; 20.7% of workers work from home.
What is the unemployment rate in Medway?
The unemployment rate in Medway is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Medway?
62.4% of adults in Medway 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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