A display medium includes a pair of substrates, a dispersion medium sealed between the pair of substrates, a migrating particle group dispersed in the dispersion medium, and a surface layer provided on at least one of the facing surfaces of the pair of substrates and including a polymer compound that is a copolymer containing the following constitutional unit (A) and constitutional unit (B), X represents a group containing a silicone chain, Ra1 and Ra2 each independently represent a hydrogen atom or a methyl group, Rb2 represents an organic group containing a substituted or unsubstituted phenyl group, n1 and n2 each represent mol % of the constitutional unit relative to the whole copolymer and satisfy 0