Medford, Massachusetts 

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Economy in Medford, Massachusetts

Medford has an unemployment rate of 2.8%. The US average is 3.9%.

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 $77,868 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMedford, MassachusettsUnited States
  2.8%3.9%
  4.3%1.6%
  40.3%33.5%
  6.3%7.3%
  5.1%4.6%
  $43,349$31,177
  $86,204$57,652
  $107,385$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.1%0.6%
  4.2%6.2%
  7.0%10.4%
  1.7%2.7%
  8.2%11.6%
  1.9%4.1%
  0.6%0.9%
  2.2%2.1%
  6.9%4.7%
  1.5%1.9%
  12.1%6.7%
  0.1%0.1%
  3.5%4.3%
  15.5%9.3%
  16.4%13.8%
  1.8%2.2%
  7.4%7.4%
  5.0%4.9%
  4.0%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Medford    2 Reviews
    Still Affordable - 8/5/2014
    Medford is still an affordable place to live compared to the surrounding communities of Somerville, Cambridge, Winchester, and Arlington. It has easy access to highways... Read More

    Start Your Review of Medford


    Medford MA - 7/19/2007
    Quality housing still at affordable prices. A nice bedroom community 7 miles from downtown Boston with excellent access to Cape Cod and New... Read More


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    COMPARE COST OF LIVING
    Compare Medford, Massachusetts to any other place in the USA.

    MAPS OF MEDFORD, MASSACHUSETTS
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Medford,Massachusetts Map
    ZIP CODES IN MEDFORD, MASSACHUSETTS
    02155

    NEW LISTINGS IN MEDFORD MA
    $629,900
    33 Doonan St
    Bed 3 | Bath 3.0 |

    $659,800
    22 Sunset Ave
    Bed 2 | Bath 2.0 |

    $549,900
    21 Glenwood Ave
    Bed 3 | Bath 2.0 |

    $575,000
    55 Burget Ave
    Bed 3 | Bath 1.0 |

    $689,000
    52 Powder House Road Ext
    Bed 3 | Bath 2.0 |

    $529,900
    5 Saint James Rd
    Bed 2 | Bath 2.0 |


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