• 25 percent chance of hospitalization
• 0.1-0.2 percent chance of death.
• 0.1 percent chance of encephalitis (brain swelling) which can lead to serious complications or death
• Chance of other serious complications such as secondary viral infections and pneumonia
• Elevated rates of complications and death in children under 5

Vaccinating is definitely more safe than purposely infecting a child at a measles party.

Is vaccinating more safe for an individual than not vaccinating? Is it still more safe if everyone stops immunizing? That's a more interesting analysis, and I do plan on crunching the numbers.