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Medford, MN

Full City Profile · Minnesota · Steele County County

3.3 /5.0
B Good
1,194 Population 1,003/sq mi density
$98,375 Median Income $41,238 per capita
$234,300 Home Value $302,836 Zillow
$1,036 Median Rent 19.9% income on rent
45°F Avg Temperature 270 sunny days/yr
141 Violent Crime/100K 2,423 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$98,375 median income, 4.5% unemployment
A+
Affordability
5.0 / 5.0
$234,300 home value, $1,036/mo rent
F
Safety
1.0 / 5.0
141 violent crimes/100K
C+
Education
2.7 / 5.0
21.1% bachelor's degree or higher

Income Overview

Median Household Income
$98,375
31% above
US avg: $75,149
Per Capita Income
$41,238
6% above
US avg: $39,052
Unemployment Rate
4.5%
25% above
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%

Income Comparison: Medford vs. U.S. Average

Each bar shows Medford’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$98,375
131%
Per Capita
US: $39,052
$41,238
106%
IRS Avg AGI
US: $72,000
$71,956
100%
Avg Weekly Wage
US: $1,432
$1,190
83%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,190
17% below US avg ($1,432)
Mean Commute Time
23 min
18% below US avg (28 min)
Work From Home
9.0%
41% below US avg (15.2%)
Drive Alone
79.5%
9% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,874M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 79.5%
Public Transit 0%
Work From Home 9%
Other 11.5%
Average commute time
23 minutes
US avg: 28 min

Business Landscape

Total Establishments
1,130
Restaurants
79
Healthcare
124
Retail
146
Manufacturing
60

Tax & Financial

IRS Avg Adjusted Gross Income
$71,956
0% below US avg ($72,000)
Avg Property Tax
$4,510
29% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$98,375
Per Capita Income$41,238
IRS Avg Adjusted Gross Income$71,956
Avg Weekly Wage$1,190
County GDP$2,874M

Hardship Indicators

Unemployment Rate4.5%
Poverty Rate0.0%
Gini Coefficient0.426
Cost of Living Index98.6

Commute

Mean Commute23 minutes
Drive Alone79.5%
Public Transit0.0%
Work From Home9.0%

Businesses

Total Establishments1,130
Restaurants79
Healthcare124
Retail146
Manufacturing60

Tax

IRS Avg AGI$71,956
Avg Property Tax$4,510