Medford, MA vs Wakefield, MA

Wakefield is moderately more affordable than Medford, with a 14.7% lower cost of living index. Medford scores 172 compared to 150 for Wakefield, where the US average is 100. This difference means residents of Medford can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Medford is $2,477/month compared to $1,872/month in Wakefield — a 32% difference. Home values follow the same pattern: Wakefield is more affordable at $670,100 median vs $715,500.

Median household income in Medford is $118,089 compared to $130,320 in Wakefield (-9.4%). Wakefield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Medford spend roughly 25.2% of their income on rent, more than the 17.2% in Wakefield.

Climate-wise, both cities share similar average temperatures (51.9°F vs 49.9°F). Wakefield receives more rainfall at 44.9" per year compared to 43.6" in Medford.