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.
IndexMedfordNew YorkNational
Cost of living index137122100
IndexMedfordNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index173149100
Transportation index100122100
Utilities index132102100
Displayed above is a general overview of the Medford, NY cost of living index. The overall cost of living index in Medford, NY is 137, which is 13% higher than the New York average and 37% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Medford, NY are 12% higher than the New York average and 26% higher than the national average.

Did you know?

  • The cost of living in Medford is 13% higher than the New York average.
  • The cost of living in Medford is 37% higher than the national average.
  • The cost of housing in Medford is 73% higher than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Salary Calculator

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The salary calculator allows you to compare how much your current salary in Medford, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Medford, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Medford, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$96,087$8,007$2,242$2,883
Renters$65,625$5,469$1,531$1,969
One can approximate the cost of living and the housing affordability in Medford, NY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Medford, NY have a median income of $96,087. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,242 per month to avoid calamity and poverty. The renters in the city have an income of about $65,625, which would make their monthly maximum allowable rental costs $1,531.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
When you are determining the total cost of living in Medford, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

ItemMedfordNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemMedfordNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemMedfordNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemMedfordNational avg.Difference
Home Price $293,800.00$175,700.0067.2%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,719.00$920.0086.8%

Transportation

ItemMedfordNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemMedfordNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
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.
Mastic Beach, NY14,88012525%
Calverton, NY6,37212626%
Ridge, NY12,92112828%
Mastic, NY16,27413030%
Central Islip, NY36,23313131%
Medford, NY24,53513737%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cliffside Park, NJ24,53215757%
North Platte, NE24,53285-15%
Zionsville, IN24,55911919%
San Lorenzo, CA24,56313939%
Sanger, CA24,5871022%
Medford, NY24,53513737%
Source: The Medford, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.