Medford, OR

Average · 105

Oregon · Population 85,794 · Updated March 2026

$1,321
Median Rent / Month
$70,497
Median Income
$387,000
Median Home Value
$1,396
Owner Costs / Month

Affordability

How far your income goes in Medford

22.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oregon

State-level tax rates that affect your costs

9.9%
Income Tax (Top Rate)
0%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$15,852
Annual Rent
$6,979
State Income Tax
$3,599
Property Tax (est.)

Cost of Living Overview

Medford is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 105 (where 100 equals the national median), Medford residents can expect to pay median rent of $1,321/month while earning a median household income of $70,497/year.

The median home value in Medford, OR is $387,000, with typical monthly owner costs around $1,396 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oregon's top income tax rate of 9.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 0% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Medford.

Frequently Asked Questions

Common questions about living costs in Medford

What is the cost of living in Medford, OR?
The cost of living index in Medford, OR is 105 (US average = 100). Median monthly rent is $1,321, median household income is $70,497/year, and the median home value is $387,000.
Is Medford, OR affordable?
No, Medford is more expensive than the national average with a cost index of 105. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Medford, OR?
The median gross rent in Medford, OR is $1,321 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,852.
What is the median household income in Medford?
The median household income in Medford, OR is $70,497 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oregon?
Oregon has a top income tax rate of 9.9%, a sales tax of 0%, and an effective property tax rate of 0.93%.