Housing costs in Medford?
A typical home costs
$263,900, which is 21.9% less expensive than the national average of
$338,100 and 14.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Medford costs
$800 per month, which is 35.5% cheaper than the national average of
$1,240 and 17.5% cheaper than the state average of
$940.
Can I afford Medford?
To live comfortably in Medford (zip 55049), Minnesota, a minimum annual income of
$50,400 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in 55049 Medford, MN is quite reasonable. The median home value in the city is around $156,000, which is slightly lower than the national average. The median household income in the area is around $64,400, which is higher than the national average and provides plenty of financial flexibility for those who are looking to settle down here. Additionally, groceries and other essentials are also reasonably priced in Medford. All of these factors combine to make this area a great option for those looking for a place to call home at an affordable price point.