Housing costs in Medford?
A typical home costs
$458,400, which is 35.6% more expensive than the national average of
$338,100 and 6.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Medford costs
$1,750 per month, which is 22.4% more than the national average of
$1,430 and 2.3% more than the state average of
$1,710.
Can I afford Medford?
To live comfortably in Medford (zip 08055), New Jersey, a minimum annual income of
$87,840 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in 08055 Medford, NJ is quite reasonable compared to other locations in the area. The median home price is $346,000, which is lower than the state median of $343,900. Additionally, the median rental rate for a one-bedroom apartment is $1,500 per month. The overall cost of living index for this area is 115.2, which is slightly higher than the U.S. average of 100. Despite this slightly higher cost of living index score, 08055 Medford offers a high quality of life and many amenities that make it an attractive place to live.