Medford cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMedfordMassachusettsNational
Cost of living index151132100
IndexMedfordMassachusettsNational
Goods & Services index131117100
Groceries index106108100
Health care index133121100
Housing index204167100
Transportation index113109100
Utilities index158129100
A general summary of the cost of living index in Medford, MA is shown above. Compared to the state average of Massachusetts the cost of living index in Medford, MA is 151, which is 15% higher than the average in Massachusetts and compared to the national average it is 51% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Medford, MA goods and services come in at 12% higher than the average in Massachusetts and are 31% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Medford is 15% higher than the Massachusetts average.
  • The cost of living in Medford is 51% higher than the national average.
  • The cost of housing in Medford is 104% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 132% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current salary in Medford, MA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Medford, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Medford, MA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,329$7,611$2,131$2,740
Renters$55,638$4,637$1,298$1,669
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Medford, MA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Medford, MA has a median income of about $91,329 for people who own homes. Based on that number, a person should spend a maximum of $2,131 on expenses related to housing. Renters have a slightly different median income, which is $55,638. Based on this average, renters should spend no more than $1,298 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Massachusetts Sales Tax

StateGeneral Sales TaxWith Max Surtax
Massachusetts6.25%6.25%

Massachusetts Income Tax

StateIncome Tax (Low)Income Tax (High)
Massachusetts5.15%5.15%
One thing to keep in mind when considering the cost of living in Medford, MA is the Massachusetts sales tax and Massachusetts income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Massachusetts sales tax rate is 6.25% and the maximum surtax that can be charged is 6.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Massachusetts income tax rates range from 5.15% to 5.15%.

Goods & Services

ItemMedfordNational avg.Difference
Haircut $20.93$15.5634.5%
Beauty Salon $50.40$36.1139.6%
Toothpaste $2.46$2.470.6%
Shampoo $0.96$0.960.5%
Movie $13.24$10.1330.7%
Bowling $9.15$4.7493.3%

Groceries

ItemMedfordNational avg.Difference
Ground Beef $4.07$3.982.1%
Fried Chicken $1.72$1.4122.2%
Milk $1.94$2.066.2%
Potatoes $3.26$2.989.4%
Pizza $11.10$9.4717.1%
Beer $9.62$8.799.4%

Health Care

ItemMedfordNational avg.Difference
Optometrist $107.42$101.046.3%
Doctor $188.00$107.4475.0%
Dentist $121.47$90.4234.3%
Ibuprofen $9.19$9.281.0%
Lipitor $439.90$426.503.1%

Housing

ItemMedfordNational avg.Difference
Home Price $392,700.00$175,700.00123.5%
Avg. Mortgage Payment $1,986.40$1,133.2375.3%
Apartment Rent $1,464.00$920.0059.1%

Transportation

ItemMedfordNational avg.Difference
Gasoline $2.03$1.992.1%
Tire Balancing $62.45$45.7636.5%

Utilities

ItemMedfordNational avg.Difference
All Electricity$287.63$163.8175.6%
Phone $38.66$28.3936.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Lowell, MA108,49112727%
Lynn, MA91,28912929%
Chelsea, MA37,08413232%
Salem, MA42,32113636%
Revere, MA53,25813737%
Medford, MA56,98115151%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Auburn, AL56,9861066%
Oak Lawn, IL56,9691099%
Kokomo, IN56,95882-18%
Ocala, FL56,91893-7%
Dearborn Heights, MI57,06388-12%
Medford, MA56,98115151%
Source: The Medford, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.