Cost of Living in Medford, WI
Housing
The housing market plays a significant role in determining the cost of living in Medford, WI.
- Housing Index: 85.0 / 100
- Median Home Price is: $183,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1266 per month
Based on the data provided, Medford, WI presents a housing index of 85.0, suggesting a relatively affordable housing market. With a median home price of 183000, it offers attractive purchasing opportunities for new residents. Additionally, the average rent for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1266 indicates reasonable rental options compared to many larger markets. Keep in mind that local amenities, job availability, and quality of education may impact your overall satisfaction in the area, so consider these factors alongside housing data when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medford, WI.
- Electricity Price: $17.6 USD (median by state)
- Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Medford, WI could entail higher utility costs. Electricity costs sit at $17.6, while natural gas is priced at $11.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 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.