Cost of Living: Medford, MA vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Medford, MA versus $4,116/mo in New York, NY. In the model, rent is about 36.09% of gross in Medford, MA versus 25.92% in New York, NY, so New York, NY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Medford, MA and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Medford, MA
- Lower rent (median 1BR/2BR): New York, NY
- Lower home prices: Medford, MA
- Higher median household income: Medford, MA
Cost of Living Index
Medford, MA: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Medford, MA has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Medford, MA: $2,353/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in Medford, MA is $663/mo higher than in New York, NY.
Median Home Price
Medford, MA: $715,500 · New York, NY: $751,700
Median home price in New York, NY is $36,200 higher than in Medford, MA.
Median Household Income
Medford, MA: $118,089 · New York, NY: $79,713
Medford, MA has a higher median household income than New York, NY by $38,376.
Medford, MA overview · New York, NY overview · Popular comparisons