Living in Medford, Minnesota
Cost of living, income, home prices, rent and demographics of Medford · Census data 2020–2024
Medford has 1,257 residents with a median age of 39.3. The median household income is $108,250 (22% higher than the Minnesota median), the median home value is $249,600, the median rent is $1,175/month.
Medford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Medford at a glance
- Population
- 1,257
- Median age
- 39.3State: 38.8
- Median household income
- $108,250State: $89,062
- Median home value
- $249,600State: $329,300
- Median rent
- $1,175/moState: $1,280
- Homeowners
- 80.3%
- Bachelor's degree or higher
- 23.9%
- Average commute
- 21 min
Is Medford a good place to live?
Pros: Median household income 22% higher than the Minnesota median; home values 24% lower than the state median; an average commute of 21 minutes; unemployment of 3.3%; a poverty rate of 4.9%.
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 $249,600, 25% lower than the U.S. median. Renters pay a median of $1,175 per month, which is 19.6% of household income. Homeowners with a mortgage pay $1,659 a month in housing costs.
Medford median household income
The median household income in Medford is $108,250 and the income per person is $44,486. 4.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Medford: homes for sale and rent
- Housing units
- 498
- Owner-occupied
- 80.3%
- Renter-occupied
- 19.7%
- Vacant
- 6.2%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.64
Medford demographics
- Population
- 1,257
- Median age
- 39.3
- Under 18
- 28.4%
- 65 and older
- 10.7%
- Households
- 467
- Foreign-born
- 8.9%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Medford ›
Education in Medford
23.9% of adults 25 and older in Medford have a bachelor's degree or higher (Minnesota: 39.4%), and 6.8% have a graduate or professional degree.
Jobs and commute in Medford
- Unemployment rate
- 3.3%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 7.6%
- Drive alone
- 83.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.6%
Medford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Medford | 1,257 | $108,250 | $249,600 | $1,175 |
| Owatonna | 26,498 | $80,750 | $245,200 | $1,067 |
| Warsaw | 560 | $93,750 | $301,500 | $825 |
| Faribault | 24,631 | $61,449 | $241,500 | $1,074 |
| Morristown | 1,265 | $83,059 | $184,800 | $1,018 |
| Waseca | 9,164 | $64,074 | $189,200 | $903 |
| Kenyon | 1,824 | $82,500 | $216,800 | $869 |
| Claremont | 502 | $56,625 | $132,800 | $1,038 |
| Nerstrand | 215 | $85,833 | $211,100 | $1,350 |
More for people moving to Medford
Medford ZIP code ›Weather and climate ›Living in Medford: FAQ
What is the median household income in Medford, MN?
The median household income in Medford is $108,250, 22% higher than the Minnesota median of $89,062 (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 $249,600, compared with $329,300 in Minnesota.
How much is rent in Medford?
The median gross rent in Medford is $1,175 per month, about 19.6% of household income.
Is Medford, MN a good place to live?
Pluses: median household income 22% higher than the Minnesota median; home values 24% lower than the state median; an average commute of 21 minutes; unemployment of 3.3%; a poverty rate of 4.9%.
What is the median age in Medford?
The median age in Medford is 39.3 years (Minnesota: 38.8).
How long is the commute in Medford?
The average commute to work in Medford is 21 minutes; 7.6% of workers work from home.
What is the unemployment rate in Medford?
The unemployment rate in Medford is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Medford?
23.9% 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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