Medford, WI, has a cost of living index that is notably lower than the nationwide average of 100. The overall cost of living in Medford is approximately 88, suggesting it is 12% cheaper than the national average. Housing costs the most to reduce, at 80, or 20% below average, while groceries remain close to the average at 96.
Medford residents also benefit from relatively lower prices in utilities and healthcare. Utilities are 10% below the national average, and healthcare costs are 5% below average. This balanced reduction across various sectors makes Medford an attractive location for those seeking a more affordable lifestyle without significant trade-offs.
Medford, WI, presents a cost of living that is notably lower than the nationwide average, which is indexed at 100. The housing index in Medford stands at 80, indicating that residents can expect to spend 20% less on housing compared to the average American. This significant reduction can make Medford an attractive option for those looking to purchase homes or rent apartments, as it offers considerable savings on one of the largest monthly expenses.
In addition to housing, Medford's grocery costs are slightly below the national average, with an index of 96. This means that groceries cost only 4% less than the national average. Utilities, too, are more affordable in Medford, with an index of 90, which reflects a 10% savings on utility bills. Furthermore, transportation costs are 15% lower, as the index stands at 85, making daily commutes and fuel expenses more manageable. Together, these factors contribute to a more budget-friendly living experience in Medford.
