Housing costs in Medford?
A typical home costs
$675,400, which is 99.8% more expensive than the national average of
$338,100 and 21.2% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Medford costs
$2,930 per month, which is 104.9% more than the national average of
$1,430 and 27.0% more than the state average of
$2,140.
Can I afford Medford?
To live comfortably in Medford, Massachusetts, a minimum annual income of
$129,240 for a family, and
$96,400 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in Medford, MA is significantly higher than the national average. At 153.5, it is more than 50% higher than the US average Cost of Living which is only 100. This can be attributed to the high house median value of $675,400 – significantly higher than the US average house value of $338,100. This contributes to a much higher cost of living for those who choose to live in Medford, as they must pay more for goods and services in order to support such a high housing market.