With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Medford, NY.
Medford is known for its strong presence in various industries such as retail, health care, education, manufacturing, and construction. With a diverse range of opportunities available, job seekers can find positions that align with their skills and interests. The city's dedication to these sectors makes it an ideal location for both entry-level applicants and seasoned professionals. This commitment to sustainable growth ensures Medford remains a competitive choice for career development.
The city presents promising employment opportunities for jobseekers, with an average salary of $80,670, which is 16.53% above the national average. This higher wage comes with a cost, as the cost of living in this city is about 24.0% higher than average. A significant portion of the population, around 60%, receives employer-sponsored insurance, adding to the job benefits within the city. However, it is essential to consider that the average commute time for workers in the city is 34.5 minutes, which may impact daily routines and work-life balance. Overall, the city offers a variety of opportunities, but potential residents should weigh the pros and cons before making a decision.
The local economy of Medford, NY currently experiences an unemployment rate of 6.10%, which is above the country's average of 3.8%. Despite this higher than average unemployment rate, the city's future job market growth is expected to be strong. This indicates a positive outlook for employment opportunities in Medford and its surrounding areas. The combination of current unemployment rates and anticipated job market expansion provides valuable insight into the economic climate of the city. Strong job market growth in Medford will likely contribute to the continued development of its local economy.
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