Zip 11763 (Medford, NY) Economy


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11763 Medford, NY is a great community located in Suffolk County on Long Island. It is conveniently situated close to two major airports, Ronkonkoma and MacArthur, as well as plenty of retail stores and restaurants. The 2 bedroom rent in 11763 Medford is $2,610 compared to the US average of $1,430. The local Grocery Cost Index is 105 versus 100 in the US, which shows that living costs are slightly higher but still relatively affordable for the area. Some notable companies located in 11763 Medford are Home Depot, Kohl’s Department Store and Applebees. With its convenient location and reasonable cost of living 11763 Medford is an ideal place to call home.

Medford (zip 11763) has an unemployment rate of 6.1%. The US average is 6.0%.

Medford (zip 11763) 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 (zip 11763)
- The Sales Tax Rate for Medford (zip 11763) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Medford (zip 11763) 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 (zip 11763)
- The average income of a Medford (zip 11763) resident is $31,083 a year. The US average is $28,555 a year.
- The Median household income of a Medford (zip 11763) resident is $101,201 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMedford, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $38,546$37,638
  $101,201$69,021
  $108,945$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  9.5%6.8%
  5.8%10.0%
  2.8%2.5%
  10.4%11.0%
  7.8%4.8%
  0.8%0.8%
  1.9%1.9%
  4.8%4.7%
  1.2%1.9%
  5.8%7.6%
  0.3%0.1%
  4.3%4.2%
  10.9%9.3%
  16.2%14.0%
  0.8%2.1%
  6.0%7.0%
  3.6%4.8%
  7.0%4.7%
Reviews for Medford
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Over 8 years ago

Gordon Heights NY is a a great neighborhood. We are a community trying to work together to better our environment. As home owners we pay high taxes and get little  More

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