Medford, NJ 55+ active adult communities & homes for sale - Page 4

Medford is a township in Burlington County surrounded by natural areas and greenspaces, and within close proximity to larger cities, providing residents with easy access to everything they may need.

Climate & Geography

Southern New Jersey experiences a humid subtropical climate with hot, humid summers and cool to cold winters. Residents can expect more rainfall and less snowfall than the national averages, and approximately 205 sunny days throughout each year.

Recreation, Culture & Entertainment

For nature enthusiasts there are many parks to enjoy, including the Cedar Run Wildlife Refuge, Freedom Park, Medford Park, and Johnson’s Corner Farm.
Residents can shop in the Historic Medford Village Main Street Shops, packed with boutiques and local stores, and visit the Medford Arts Center and the Air Victory Museum. Other entertainment venues include Lower Forge Brewery, and Kirby’s Mill.
Medford also has a convenient location with many large cities and towns accessible through short drives. Philadelphia is just a half hour away, while New York City and Baltimore can be reached in just under two hours.

Cost of Living & Taxes

The overall cost of living in Medford is higher than the national average and just slightly higher than the state average. This is primarily due to the high cost of homes and housing, however grocery, utilities, and transportation costs are all above average as well. Health care is the only index that is below average.

New Jersey is moderately tax friendly toward retirees because Social Security is not taxed, but withdrawals from other accounts like pensions, IRAs, and 401(k)s are partially taxed. The state also offers substantial deductions for retirees above 62. Property taxes are the highest in the U.S., and sales taxes are about average, with key exemptions including groceries, medication, and many types of clothing.

Health Care

According to Gallup’s Well-Being Index, the state of New Jersey generally scored well, ranking in the top 31 states. The state scores highest in the social and physical categories, indicating that residents have supportive relationships and good health.

Although there are no hospitals in Medford there are several healthcare facilities within 15 miles that are rated high performing according to U.S. news. They are: Virtua Voorhees Hospital, Virtua Mount Holly Hospital, Jefferson Health-Stratford, and Virtua Our Lady of Lourdes Hospital.