Cost of Living in Medford, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
129.7
100 = national avg
+29.7 vs national average
Living Wage (1 Adult)
$57,056
per year
Living Wage (Family of 4)
$134,860
per year
Cost Index by Category
Housing119.6
Food125.2
Transportation150.4
Healthcare120.2
Utilities119.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$870
per month
2 Bedroom
$1,142
per month
The overall cost of living index in Medford is 129.7, which is 29.7% above the national average. Housing costs are above the national average at an index of 119.6. A single adult needs to earn approximately $57,056 per year to cover basic expenses.