Housing costs in Medford?
A typical home costs
$441,500, which is 30.6% more expensive than the national average of
$338,100 and 6.7% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Medford costs
$2,640 per month, which is 84.6% more than the national average of
$1,430 and 25.8% more than the state average of
$1,960.
Can I afford Medford?
To live comfortably in Medford, New York, a minimum annual income of
$84,600 for a family, and
$88,000 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in Medford, NY is relatively low compared to the national average. According to a 2019 estimate, the median household income in Medford is $104,735, which is significantly higher than the national median of $61,937. The median home value in Medford is $296,400; this is slightly lower than the national median of $219,700. Additionally, the cost-of-living index in Medford is 135.2—slightly higher than the United States average of 100. This means that overall prices in Medford are 35% higher than the national average. Although housing costs may be slightly higher due to its close proximity to New York City and Long Island, other living expenses such as food and entertainment remain relatively affordable when compared to other cities and towns on Long Island.