Last updated: 2024 BLS data · Page refreshed:
Medford has a population of 59,354 with a median age of 35.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 59,354 |
| Median Age | 35.9 |
| White | 67.9% |
| Black or African American | 6.7% |
| Asian | 13.1% |
| Hispanic or Latino | 8.7% |
| Other / Two or More Races | 3.6% |
The median household income in Medford is $129,540, which is 60.7% above the national median of $80,610. The per capita income is $66,184. The poverty rate is 7.6%.
The unemployment rate in Medford is 3.6%, compared to the national rate of 4.1%.
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In Medford, 93.6% of residents age 25+ have a high school diploma or higher, and 59.8% hold a bachelor's degree or higher (27.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.6% |
| Bachelor's Degree or Higher | 59.8% |
| Graduate or Professional Degree | 27.6% |
The median home value in Medford is $755,500, above the national median of $303,400. The median monthly rent is $2,509. The homeownership rate is 54.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $755,500 |
| Median Monthly Rent | $2,509 |
| Homeownership Rate | 54.1% |
| Vacancy Rate | 4.9% |
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