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Medford, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,257
Population
$108,250
Median Income
$249,600
Home Value
39.3
Median Age

Demographics

Medford has a population of 1,257 with a median age of 39.3. Here is the racial and ethnic breakdown of the population:

White
95.9%
Hispanic
7.2%
Asian
1.6%
Demographic Value
Total Population1,257
Median Age39.3
White95.9%
Black or African American0.2%
Asian1.6%
Hispanic or Latino7.2%
Medford, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 105.White: 91.4%Hispanic/Latino: 6.9%Other: 1.7%1,257PopulationWhiteWhite91.4%Hispanic/LatinoHispanic/Latino6.9%OtherOther1.7%

Income & Economy

The median household income in Medford is $108,250, which is 34.3% above the national median of $80,610. The per capita income is $44,486. The poverty rate is 4.9%.

$108,250
Median Household Income
$44,486
Per Capita Income
4.9%
Poverty Rate

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Education

In Medford, 89.2% of residents age 25+ have a high school diploma or higher, and 23.9% hold a bachelor's degree or higher (6.8% with a graduate or professional degree).

HS Diploma+
89.2%
Bachelor's+
23.9%
Graduate+
6.8%
Education Level % of Adults (25+)
High School Diploma or Higher89.2%
Bachelor's Degree or Higher23.9%
Graduate or Professional Degree6.8%

Housing

The median home value in Medford is $249,600, below the national median of $303,400. The median monthly rent is $1,175. The homeownership rate is 80.3%.

$249,600
Median Home Value
$1,175/mo
Median Rent
80.3%
Homeownership Rate
Housing Metric Value
Median Home Value$249,600
Median Monthly Rent$1,175
Homeownership Rate80.3%
Vacancy Rate6.2%

Salaries in Minnesota

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Other Cities in Minnesota

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Frequently Asked Questions

What is the population of Medford, Minnesota?
The population of Medford, Minnesota is 1,257 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Medford, Minnesota?
The median household income in Medford, Minnesota is $108,250. This is 34.3% above the national median of $80,610.
What is the median home value in Medford, Minnesota?
The median home value in Medford, Minnesota is $249,600. The median monthly rent is $1,175.
What percentage of people in Medford have a college degree?
In Medford, Minnesota, 23.9% of adults age 25 and older hold a bachelor's degree or higher, and 89.2% have a high school diploma or higher.
Is Medford, Minnesota an affordable place to live?
The home price-to-income ratio in Medford, Minnesota is 2.3x (median home value $249,600 vs. median income $108,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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