Medford, NY is a relatively small town located in Suffolk County on Long Island. It has easy access to major highways and the Long Island Railroad, making it a great place for commuting to the city. The cost of living in Medford is higher than many other places in the US; 2-bedroom rent averages around $2640 compared to the national average of $1430, and the grocery cost index is 105 versus 100 nationally. Despite this, Medford offers plenty of amenities and local businesses for residents and visitors alike. Popular local companies include Boat House Diner, American Legion Post #631, Medford Pharmacy and Gift Shop, and Marotta's Pizzeria & Restaurant.
Medford has an unemployment rate of 6.1%. The US average is 6.0%.
Medford has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Medford
- The Sales Tax Rate for Medford is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Medford is 6.5%. 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 $32,474 a year. The US average is $28,555 a year.
- The Median household income of a Medford resident is $104,773 a year. The US average is $69,021 a year.