Housing costs in Medford?
A typical home costs
$719,000, which is 112.7% more expensive than the national average of
$338,100 and 29.0% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Medford costs
$3,020 per month, which is 41.1% more than the national average of
$2,140 and 19.9% more than the state average of
$2,420.
Can I afford Medford?
To live comfortably in Medford (zip 02155), Massachusetts, a minimum annual income of
$137,880 for a family, and
$99,200 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in 02155 Medford, MA is relatively high compared to the national average. According to BestPlaces's Cost of Living Index, Medford's overall index score is 128.78, which is 28.78% higher than the U.S. average. Housing expenses, specifically, are particularly expensive compared to other regions of the country with monthly rent for a one-bedroom apartment in the city center valued at around $2,170 and outside of the center at around $1,600. Despite this high cost, Medford is a popular destination for its convenient location close to Boston and Cambridge as well as its diverse population and strong sense of community spirit.