Housing costs in Medford?
A typical home costs
$356,500, which is 5.4% more expensive than the national average of
$338,100 and 23.9% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Medford costs
$1,220 per month, which is 19.7% cheaper than the national average of
$1,520 and 5.7% cheaper than the state average of
$1,290.
Can I afford Medford?
To live comfortably in Medford (zip 97501), Oregon, a minimum annual income of
$68,400 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in 97501 Medford, OR is relatively affordable. With a median home value of $222,400 and the median household income at $46,461, most people can find a place to live that fits within their budget. The cost of groceries and healthcare are also lower than the national average, making it an economical place to call home. Additionally, utilities like electricity and water are reasonable with no surprises on the monthly bills. All in all, Medford offers an affordable place to live for families and individuals alike.