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Cost of Living in Medford

Is it better to rent or buy in Medford? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$75,662
$1,461/mo

Median in area: $1,461

$441,200

Median in area: $441,200

$88,240

If you Rent

🔑
$1,603 /mo
Base Rent$1,461
Est. Utilities$142
% of Income25.4%
Pre-tax Residual$4,702

If you Buy

🏠
$2,706 /mo
P&I (6.5%)$2,231
Taxes & Ins$333
Est. Utilities$142
% of Income42.9%
Pre-tax Residual$3,599

Cost of Living FAQs

Is it cheaper to rent or buy in Medford?›

Based on median housing data, renting is currently more affordable on a monthly basis in Medford. The estimated all-in monthly cost for renting is $1,603, while owning a median-priced home with a 20% down payment is roughly $2,706 per month (a difference of $1,103).

How much do utilities cost in Medford?›

The average monthly utility cost (electricity and natural gas) for a typical home in Medford is approximately $142. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Medford?›

To comfortably afford the median rent and utilities in Medford without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $64,120 per year.