Medford has the 323rd largest population in the United States. The population grew by 6.5% from 2010 to 2015, which was faster than the national average. Unemployment in the Medford area is 5%, which is higher than the national average, and is getting better. Medford has the 237th largest local economy in the US, and a high cost of living. The average pay for jobs in Medford is below average at $42,750, and the median cost of a home in Medford is $201,500, which is above the national average. 24% of workers in Medford hold a bachelors degree or higher (above average), and 87% of workers have a high school degree (above average). Driving to work is especially common in Medford. 76% of Medford workers drive to work alone, 1% take public transit, 8% carpool, and 13% walk. People in Medford spend an average of 16 minutes commuting to work, which is shorter than the national average of 26 minutes.