Cost of Living in Medford, NY
Housing
The housing market plays a significant role in determining the cost of living in Medford, NY.
- Housing Index: 120.0 / 100
- Median Home Price is: $520,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
Considering a move to Medford, NY? With a housing index of 120.0, the market leans towards being more expensive than the national average. The median home price is set at 520000, reflecting a moderate investment for property buyers. Additionally, the average rent for a 2-bedroom apartment is 2200, while a 2-bedroom house averages 2240. This data suggests that buyers and renters need to budget accordingly, especially considering factors like local employment opportunities and amenities that may justify these costs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medford, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in Medford, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Medford is a financially viable option for your relocation.