Medford, MN
Population 1,194 · Minnesota
About Medford, MN
Medford is a small community in Minnesota with a population of 1,194 residents. The median household income is $98,375 per year, which is above the national average. The median age in Medford is 38.2 years.
Housing in Medford has a median home value of $234,300 and median monthly rent of $1,036. Of the 473 total housing units, the majority are owner-occupied, with 332 owner-occupied and 111 renter-occupied units.
The unemployment rate in Medford is 6.0% and the poverty rate is 2.9%. 21.1% of residents hold a bachelor's degree or higher. The average commute time is 22.5 minutes.
Cost of Living in Medford, MN
Compared to national averages, Medford has a median household income of $98,375 (31% above the national median of $75,149). Home values average $234,300, which is 4% below the national median. Monthly rent at $1,036 is 11% below the US average of $1,163. Within Minnesota, Medford's income is 33% above the state average of $74,221, and home values are 15% above the state median of $204,472.
Why Live in Medford, MN?
Medford offers a strong local economy with a median household income of $98,375, well above the national average, and affordable housing with a median home value of $234,300, below the US average of $244,900, and rent that’s lower than the national average at $1,036/month. Additionally, the city features a low poverty rate of 2.9%, better than the national average, and short commute times averaging just 22.5 minutes.
Medford has a population of 1,194 with a median age of 38.2 years. Compare Medford with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Medford
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Martin Lake | 1,203 | $120,705 | $426,100 | Compare |
| Wanamingo | 1,185 | $85,000 | $247,400 | Compare |
| Edgerton | 1,207 | $66,739 | $132,800 | Compare |
| Taylors Falls | 1,208 | $61,548 | $256,000 | Compare |
| Madison Lake | 1,178 | $84,833 | $281,300 | Compare |
| Redby | 1,175 | $53,846 | $109,500 | Compare |
| East Gull Lake | 1,173 | $128,548 | $522,000 | Compare |
| Atwater | 1,217 | $66,071 | $144,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Medford
What is the population of Medford, MN?
The population of Medford, MN is 1,194 according to the latest Census data.
What is the median household income in Medford?
The median household income in Medford, MN is $98,375 per year.
What is the median home value in Medford?
The median home value in Medford, MN is $234,300.
What is the average rent in Medford?
The median monthly rent in Medford, MN is $1,036.
What is the unemployment rate in Medford?
The unemployment rate in Medford, MN is 6.0%.