Medford, MA is a small city located just outside of Boston. It is home to a variety of companies, attractions, and schools. The cost of living in Medford is higher than the US average; the 2 bedroom rent in Medford is $2,930 versus $1,430 in the US and the grocery cost index is 112 versus 100 in the US. Companies that are based in Medford include MEDITECH, Unum Group, Dunkin' Brands Group Inc., and iRobot Corporation. Attractions in Medford include West Medford Square Shopping District, Foss Park Golf Course, and Middlesex Fells Reservation. Popular schools located in Medford include Tufts University School of Medicine and Tufts University School of Dental Medicine.
Medford has an unemployment rate of 5.4%. The US average is 6.0%.
Medford 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 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Medford
- The Sales Tax Rate for Medford is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Medford 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 Medford
- The average income of a Medford resident is $36,636 a year. The US average is $28,555 a year.
- The Median household income of a Medford resident is $107,853 a year. The US average is $69,021 a year.