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What is a good salary in Medford, MA?

By Zippia Team - Nov. 5, 2021

A good salary in Medford, MA is anything over $57,000. That's because the median income in Medford is $57,000, which means if you earn more than that you're earning more than 50% of the people living in Medford. The average salary in Medford is $63,806.

A good hourly wage in Medford is $27.4 per hour. That works out to a good weekly wage of $1,096 per week and a good monthly wage of $4,750 per month. However, using the median income is only one way to calculate a good salary in Medford.

Another way to calculate a good salary in Medford is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $500,800, a good salary in Medford would be $100,160.

Lastly, we can determine a good salary in Medford by looking at the cost of living and comparing it to the US average salary. The cost of living in Medford is 47% higher than than the national average. The national average salary is $56,310, so a good salary in Medford is anything over $82,775 by this measure.

Average Annual Salary in Medford, MA

PercentileAnnual SalaryMonthly PayWeekly PayHourly Wage
10th$31,000$2,583$596$14.9
25th$41,000$3,416$788$19.71
Median$57,000$4,750$1,096$27.4
75th$78,000$6,500$1,500$37.5
90th$104,000$8,666$2,000$50.0

What is a good salary in Medford, MA?

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