Medford is a small town located in Oklahoma. It is known for its friendly atmosphere and affordable cost of living. The median two bedroom rent in Medford is $820 which is much lower than the US average of $1,430. Grocery costs in Medford are also lower than the national average with an index rate of 93 versus 100 in the US. There are several local companies that make up the economy of Medford including Halop Chain Store, Barrett Trucking Inc., M & M Diesel Service, Redman Oil Company, and Clay's Automotive Repair. All these businesses contribute to the low cost of living enjoyed by many in Medford.
Medford has an unemployment rate of 2.4%. The US average is 6.0%.
Medford has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 2.9%, which is lower than the US average of 33.5%.
Tax Rates for Medford
- The Sales Tax Rate for Medford is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Medford is 5.0%. 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 $26,130 a year. The US average is $28,555 a year.
- The Median household income of a Medford resident is $42,375 a year. The US average is $69,021 a year.