Medford, MA Cost Of Living

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Updated: 2020-03-08
Medford's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Medford is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Medford, MA?

According to the most recent data on the cost of living, Medford has an overall cost of living index of 146 which is 1.5x higher than the national index of 100.

Compared to only Massachusetts, Medford has a cost of living index that's 1.1x higher than Massachusetts's index of 131.

The standard of living in Medford ranks as #5752 most affordable out of the 6522 places we measured in Massachusetts. By definition, that implies Medford ranks as the #655 most expensive place in the Bay State.

For more reading on life in Medford, check out:

Medford Cost Of Living Vs. Massachusetts

Living Expense Medford Massachusetts National Average
Overall 146 131 100
Services 130 122 100
Groceries 108 109 100
Health 118 121 100
Housing 207 165 100
Transportation 111 107 100
Utilities 115 114 100
For more reading on cost of living around Massachusetts, check out:
Medford Cost of Living Vs. MA

Medford, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Medford Massachusetts United States
Median Home Value $464,400 $366,800 $204,900
Median Rent $1,666 $1,225 $1,023
Median Income $92,363 $77,378 $60,293
Home Value To Income 5.0x 4.7x 3.4x
Rent To Monthly Income 0.22x 0.19x 0.2x

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Cost Of Living In Cities Around Medford

City Population Cost Of Living Vs. Medford
Cambridge, MA 115,665 172 1.2x
Newton, MA 88,660 190 1.3x
Somerville, MA 80,434 158 1.1x
Malden, MA 61,094 135 0.9x
Brookline, MA 59,234 189 1.3x
Everett, MA 45,856 135 0.9x
Arlington, MA 45,147 160 1.1x
Chelsea, MA 39,852 127 0.9x
Lexington, MA 33,480 189 1.3x
Needham, MA 30,735 181 1.2x

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