Medford, OR Metro Area is a great place to live with a reasonable cost of living. The two bedroom rent in the area is only $1,290 which is much lower compared to the US average of $1,430. Additionally, the Grocery Cost Index in the area is 101 versus 100 in the US. This gives residents more buying power than those living in other parts of the country. Medford has several local companies such as Pacific Power, Rogue Valley Manor and Bear Creek Corporation. It also offers many attractions for locals and visitors alike such as Crater Lake National Park, Oregon Shakespeare Festival and The High Desert Museum. With its affordable rent and grocery costs combined with its excellent companies and attractions, Medford is an ideal location for those looking to live in a thriving metropolitan area.
Medford Metro Area has an unemployment rate of 6.7%. The US average is 6.0%.
Medford Metro Area has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 42.9%, which is higher than the US average of 33.5%.
Tax Rates for Medford Metro Area
- The Sales Tax Rate for Medford Metro Area is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Medford Metro Area is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Medford Metro Area
- The average income of a Medford Metro Area resident is $33,346 a year. The US average is $37,638 a year.
- The Median household income of a Medford Metro Area resident is $61,020 a year. The US average is $69,021 a year.