Medford is a city in Massachusetts state in USA with a population of 58290 residents.. The poverty rate of Medford is 8.6%, which is 39% lower than national average. The typical household in Medford earns $101168 a year, compared to the national median of $67,500. Nearly 25.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Medford, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Medford remained 3.4%, which is 28% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Medford, only 55% of adults have a bachelor's degree and 18% have some college but no degree.

Cost of living in Medford is 147, which is 47% higher than national average. Median home value in Medford is $551900 , which is 140% higher than national average. While median income in Medford remained $101168, which is 50% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.