Medford, ME is a great place to call home. Rent for two bedroom apartments in Medford is about $790, making it much more affordable than the average rent of $1,430 for two bedrooms across the US. The grocery cost index in Medford is also relatively low; at 103 versus 100 in the US. As such, living costs are quite manageable. \nThere are plenty of things to do and explore in the area as well! Medford offers a variety of attractions, such as the Thomaston Dam, which offers opportunities for fishing and kayaking. There are also some great local companies such as Portland Pie Co., which provides delicious pizzas and sandwiches, K and H soda fountain shop that sells homemade ice cream drinks and treats, and Acadia Outfitters which sells all your outdoor needs from camping gear to ski apparel.
Medford has an unemployment rate of 8.2%. The US average is 6.0%.
Medford has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Medford
- The Sales Tax Rate for Medford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Medford is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Medford
- The average income of a Medford resident is $23,812 a year. The US average is $28,555 a year.
- The Median household income of a Medford resident is $55,655 a year. The US average is $69,021 a year.