Housing costs in Medford?
A typical home costs
$397,600, which is 17.6% more expensive than the national average of
$338,100 and 15.1% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Medford costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 17.8% cheaper than the state average of
$1,520.
Can I afford Medford?
To live comfortably in Medford Ore Metro Area, Oregon, a minimum annual income of
$76,320 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in Medford, OR Metro Area is higher than the US average as it stands at 105.6 compared to the US average cost of living which is 100. This is reflected in the median house value in the area which comes in significantly above the national average at $397,600 compared to $338,100. Clearly, this metro area has a much higher cost associated with it when it comes to housing and other costs of living. Despite this, Medford remains an attractive option for many people looking to live in a city with a strong economic foundation and beautiful natural surroundings.