Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.1 yrs |
|---|---|
| Avg HH Size | 2.68 |
| Below Poverty | 2.9% ▼ 72% below avg |
| College Grads | 70.9% ▲ 83% above avg |
| Unemployment | 3.4% ▼ 30% below avg |
| No HS Diploma | 32 (0.2%) |
| HS Graduate | 2,910 (14.5%) |
| Some College | 1,144 (5.7%) |
| Associates | 1,746 (8.7%) |
| Bachelors | 1,585 (7.9%) |
| Graduate Degree | 12,627 (63%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $158,487 ▲ 108% above avg |
|---|---|
| Median Home Value | $456,000 ▲ 64% above avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,502/mo |
| Total Housing Units | 11,103 |
| Vacant Units | 418 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Medford is a city in New Jersey, located in Burlington County. The city spans 1 ZIP code and is home to approximately 28,855 residents. It is a mature city, with a median age of 47.1 years.
Economically, Medford is a affluent community. The median household income of $158,487 is more than double the national average. Approximately 2.9% of residents live below the poverty line. The unemployment rate is 3.4%, below the national average.
The real estate market in Medford is a premium housing market. Median home values stand at $456,000, which is significantly above the national average. Renters typically pay around $1,502 per month. Homeownership is high at 89.0%, typical of suburban and family-oriented communities.
The population of Medford is highly educated. 70.9% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (88.15%).
Medford, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08055 | 28,855 | $158,487 | $456,000 | $1,502 | 3.4% | 70.9% | 89.0% |