Medfield, MA Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Medfield, MA is an affluent town located about 20 miles west of Boston and is home to a number of well-known companies. Notable employers in the area include Boston Scientific Corporation, MathWorks, and Black Duck Software. The cost of living in Medfield is slightly higher than the national average. For example, rents for two bedroom apartments are on average $2,250 per month compared to $1,430 nationally. Additionally, grocery costs in Medfield are 13% higher than national averages. All in all, Medfield offers its residents access to various outdoor activities as well as employment opportunities with prominent businesses.

Medfield has an unemployment rate of 5.8%. The US average is 6.0%.

Medfield has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.

Tax Rates for Medfield
- The Sales Tax Rate for Medfield is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Medfield is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Medfield
- The average income of a Medfield resident is $88,348 a year. The US average is $37,638 a year.
- The Median household income of a Medfield resident is $196,820 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMedfield, MassachusettsUnited States
  5.86
  -9.1%-6.2%
  40.8%33.5%
  6.3%6.2%
  5.1%4.6%
  $88,348$37,638
  $196,820$69,021
  $229,076$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  4.1%6.8%
  6.8%10.0%
  4.0%2.5%
  8.9%11.0%
  0.6%4.8%
  0.6%0.8%
  2.7%1.9%
  12.1%4.7%
  1.6%1.9%
  18.8%7.6%
  0.1%0.1%
  4.1%4.2%
  11.9%9.3%
  9.0%14.0%
  2.1%2.1%
  2.8%7.0%
  5.5%4.8%
  3.9%4.7%
Health
Compare Medfield, MA
cost of living
Compare food, housing, utilities, and more in Medfield, Massachusetts to any other city in the US.