Cost of Living in Medway, MA
Population 13,251 · Massachusetts · Data vintage 2023
(100 = US avg)
Housing in Medway sits 93% above the national median — $589,000 for the typical home — but median household incomes near $174,357 (134% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
Geographically, Medway sits roughly 20 miles east of Worcester. Median home values run roughly 73% higher than Worcester's $340,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Medway
The median home value in Medway is $588,900 — 93% above the national median of $305,000. Median rent runs $1,570/month, 19% higher than the national median of $1,314/month. The median household income of $174,357/year is 134% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 62.9°F and lows of 41.0°F. Overall, Medway has a cost of living index of 164 versus the US average of 100, meaning it is 64% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 42 | 49 | 61 | 71 | 80 | 86 | 84 | 77 | 66 | 55 | 44 |
| Low °F | 21 | 22 | 30 | 39 | 48 | 57 | 63 | 61 | 52 | 41 | 34 | 26 |
| Precip" | 3.41 | 2.80 | 3.72 | 3.96 | 3.30 | 3.92 | 3.03 | 3.63 | 3.82 | 4.54 | 3.69 | 4.09 |
Frequently Asked Questions
What is the cost of living in Medway, MA?
Medway has a cost index of 164 (100 = national average). It is 64% above the national average.
What is average rent in Medway, MA?
The median gross rent in Medway is $1,570 per month based on 2023 Census data.
What is the average home price in Medway?
The median home value in Medway is $588,900 according to 2023 Census ACS data.
What is the median income in Medway?
The median household income in Medway is $174,357 per year (2023 ACS 5-year estimates).
What is the sales tax in Medway, MA?
The combined state and local sales tax rate in Medway is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Medway, MA affordable?
Medway is above average in cost of living, with an index of 164 — about 64% higher than the national average.
What is the weather like in Medway?
Medway has average high temperatures of 62.9°F and average lows of 41.0°F. Annual precipitation is 43.9". Data from NOAA 1991–2020 Climate Normals.
Medway at a Glance
- Population
- 13,251
- Median Income
- $174,357
- Home Value
- $588,900
- Median Rent
- $1,570/mo
- Unemployment
- 4.1%
- Avg High Temp
- 62.9°F
- Sales Tax
- 6.3%
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Massachusetts Rankings
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