Housing costs in Medford?
A typical home costs
$195,700, which is 42.1% less expensive than the national average of
$338,100 and 19.8% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Medford costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 21.2% cheaper than the state average of
$1,030.
Can I afford Medford?
To live comfortably in Medford (zip 54451), Wisconsin, a minimum annual income of
$37,440 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Medford?
The cost of living in 54451 Medford, WI is relatively low compared to other cities in the US. According to Sperling's Best Places, the Cost of Living Index for the city is 84.2, which is 16.8 points lower than the national average. Housing costs are particularly low, with a median home value of $158,800 that is 15% lower than the US average. Likewise, renters can expect to pay significantly less than most other cities for rent at a median of $759 per month. Groceries also don’t tend to be too pricey in Medford either with an estimated grocery index currently sitting at 97.4—just below the national average. All-in-all, 54451 Medford offers great value for its residents when it comes to cost of living expenses.