Minnesota · Census place 41426
Medford city, MN
Quick answer
Medford city has 1,194 residents, ranking #334 of 914 places in Minnesota. Median household income is $98,375, the median home is worth $234,300 and median gross rent runs $1,036 a month.
- Population
- 1,194Medford city residents
- Median household income
- $98,375Past 12 months, inflation adjusted
- Median home value
- $234,300Owner-occupied units
- Median gross rent
- $1,036Rent plus utilities, monthly
- Median age
- 38.2 yrsAll residents
- Homeownership rate
- 74.9%Owner-occupied households
What the numbers mean in Medford city
Housing cost measured against local earnings.
A household earning the Medford city median would spend about 12.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.9% of residents and 74.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Taylors Falls city 1,208
- Edgerton city 1,207
- Martin Lake CDP 1,203
- Wanamingo city 1,185
- Madison Lake city 1,178
- Redby CDP 1,175
- East Gull Lake city 1,173
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