Medford, MA
Population 59,062 · Massachusetts
About Medford, MA
Medford is a mid-sized city in Massachusetts with a population of 59,062 residents. The median household income is $118,089 per year, which is above the national average. The median age in Medford is 36.1 years.
Housing in Medford has a median home value of $715,500 and median monthly rent of $2,477. Of the 25,879 total housing units, the majority are owner-occupied, with 13,038 owner-occupied and 11,534 renter-occupied units.
The unemployment rate in Medford is 4.4% and the poverty rate is 8.2%. 57.6% of residents hold a bachelor's degree or higher. The average commute time is 30.8 minutes.
How Medford Ranks in Massachusetts
Cost of Living in Medford, MA
Compared to national averages, Medford has a median household income of $118,089 (57% above the national median of $75,149). Home values average $715,500, which is 192% above the national median. Monthly rent at $2,477 is 113% above the US average of $1,163. Within Massachusetts, Medford's income is 12% above the state average of $105,630, and home values are 27% above the state median of $561,296.
Why Live in Medford, MA?
Medford offers a strong local economy with a median household income of $118,089, well above the national average, and a well-educated community where 57.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $715,500. However, as a mid-sized city, Medford provides access to a wide range of amenities and services.
Medford has a population of 59,062 with a median age of 36.1 years. Compare Medford with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Medford
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Taunton | 59,719 | $79,715 | $388,200 | Compare |
| Revere | 59,933 | $81,121 | $566,200 | Compare |
| Weymouth Town | 57,786 | $100,077 | $516,200 | Compare |
| Brookline | 62,822 | $140,631 | $1,233,100 | Compare |
| Chicopee | 55,213 | $66,927 | $251,800 | Compare |
| Peabody | 54,180 | $95,278 | $566,200 | Compare |
| Waltham | 64,723 | $116,560 | $705,700 | Compare |
| Methuen Town | 53,043 | $103,270 | $472,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Medford With Other Cities
Frequently Asked Questions about Medford
What is the population of Medford, MA?
The population of Medford, MA is 59,062 according to the latest Census data.
What is the median household income in Medford?
The median household income in Medford, MA is $118,089 per year.
What is the median home value in Medford?
The median home value in Medford, MA is $715,500.
What is the average rent in Medford?
The median monthly rent in Medford, MA is $2,477.
What is the unemployment rate in Medford?
The unemployment rate in Medford, MA is 4.4%.