Medford, ND is a small town located in the North Dakota plains. Despite its population size, there are some local businesses that reside in Medford such as M Heiser Farms, Prime Cut Meats, and Norbergs Construction. The cost of living in Medford is quite affordable when compared to the US average. The average rent for a 2-bedroom apartment is $1,020 versus $1,430 nationally; additionally, its Grocery Cost Index score is 90 compared to the US average of 100. This makes Medford an ideal place for those looking for a more affordable lifestyle without sacrificing a sense of community.
Medford has an unemployment rate of 5.8%. The US average is 6.0%.
Medford has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Medford
- The Sales Tax Rate for Medford is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Medford is 2.0%. 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 $25,620 a year. The US average is $37,638 a year.
- The Median household income of a Medford resident is $62,917 a year. The US average is $69,021 a year.