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2024 Compare Cities Economy:
Medford, MA vs New London, CT

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Highlights
- Household income in New London, is 53% less than it is in Medford and is 36% below the National Average.
- Medford unemployment rate is 5.4%.
- New London unemployment rate is 13.2%.

Economy
 Medford, MANew London, CTUnited States
 Unemployment Rate5.4%13.2%6.0%
 Recent Job Growth4.3%0.2%1.6%
 Future Job Growth40.3%28.9%33.5%
 Sales Taxes6.3%6.4%6.2%
 Income Taxes5.1%5.0%4.6%
 Income per Cap.$55,098$28,777$37,638
 Household Income$107,853$50,819$69,021
 Family Median Income$132,007$58,177$85,028
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 Est. Households By Income
 Medford, MANew London, CTUnited States
 Income Less Than 15K6.4%15.8%9.4%
 Income between 15K and 20K2.3%4.4%3.8%
 Income between 20K and 30K4.5%11.6%8.1%
 Income between 30K and 40K5.5%7.4%8.0%
 Income between 40K and 50K5.1%10.4%7.6%
 Income between 50K and 60K5.0%6.6%7.2%
 Income between 60K and 75K6.7%8.2%9.6%
 Income between 75K and 100K11.0%15.0%12.8%
 Income between 100K and 150K19.8%13.2%16.3%
 Income between 150K and 200K13.8%3.8%7.8%
 Income greater than 200K20.0%3.8%9.5%
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 Population By Occupation
 Medford, MANew London, CTUnited States
 Management, business, finance20.9%9.0%16.4%
 Engineering, computers, science14.4%8.8%6.5%
 Community, social services2.3%3.2%1.8%
 Legal1.3%0.5%1.2%
 Education, library7.6%5.4%6.2%
 Arts, design, media, sports, entertainment3.0%1.3%2.0%
 Healthcare practitioners and technology6.3%4.4%6.2%
 Healthcare support3.2%5.6%3.3%
 Firefighters, law enforcement2.1%2.0%2.1%
 Food preparation, serving4.8%7.6%5.4%
 Building maintenance2.7%7.5%3.6%
 Personal care2.6%4.5%2.6%
 Sales, office, administrative support18.8%20.9%20.9%
 Farming, fishing, forestry0.0%0.2%0.6%
 Construction, extraction, maintenance/repair4.0%5.3%8.1%
 Production, transportation, material moving6.1%13.8%13.1%

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Reviews for Medford    2 Reviews

Over 10 years ago

Medford is still an affordable place to live compared to the surrounding communities of Somerville, Cambridge, Winchester, and Arlington. It has easy access to highways  More

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Over 17 years ago

Quality housing still at affordable prices. A nice bedroom community 7 miles from downtown Boston with excellent access to Cape Cod and New  More

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Reviews for New London    2 Reviews

Over 16 years ago

all and out its not that bad it just depends where you  More

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A very Historic City; no place more than mile from Salt Water; beautiful public beaches; vibrant art, theatre and music scene; brand new Science and Technology Magnet  More

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ZIPS IN MEDFORD, MASSACHUSETTS
02155
ZIPS IN NEW LONDON, CONNECTICUT
06320

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