Medford township, MN Cost of Living


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Medford township cost of living score
83.5
Less expensive
16.5% lower
than the US average
14.1% lower
than the Minnesota average
Medford township, Minnesota gets a BestPlaces Cost of Living score of 83.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.5% lower than the U.S. average and 14.1% higher than the average for Minnesota.

Medford township, MN

Housing costs in Medford township?
A typical home costs $86,200, which is 74.5% less expensive than the national average of $338,100 and 72.1% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Medford township costs $770 per month, which is 46.2% more than the national average of $1,430 and 61.0% more than the state average of $1,240.

Can I afford Medford township?
To live comfortably in Medford township, Minnesota, a minimum annual income of $16,560 for a family, and $24,000 for a single person is recommended.

What does A.I. say about Medford township?
The cost of living in Medford Township, MN is slightly higher than the national average. The median home cost is approximately $169,500 and the median household income is around $50,000. The unemployment rate in Medford Township is lower than the national average at 3.1%. Groceries, health care and transportation costs are all slightly higher than the rest of Minnesota and the US as a whole. Overall, Medford Township has a slightly higher cost of living than most other towns in Minnesota.
   Cost of living score
     CategoriesMedford townshipMinnesotaUnited States
  83.597.2100.0
  96.997.2100
  88.078.3100.0
  39.5102.9100.0
  $86,200$309,500$338,100
  96.9%95.7%100.0%
  68.296.4100.0
  103.3117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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