McMinnville, OR is a vibrant city where the cost of living is slightly higher than the national average. The rent for a two bedroom apartment in McMinnville is $1,610 compared to $1,430 nationally. The grocery cost index of McMinnville is 101 compared with 100 nationally. This indicates that groceries are more expensive in McMinnville, Oregon than they are in the rest of the United States. \nMcMinnville is home to many local companies such as McMinnville Electric Inc., Homegrown Organic Farms LLC., and Wildwood Hotel Group. These and other businesses contribute to McMinnville's economy and provide employment opportunities for locals. In comparison to other major cities across the US, McMinnville offers a more relaxed atmosphere with plenty of small-town charm while still providing access to services and amenities like those found in larger cities.
McMinnville has an unemployment rate of 6.5%. The US average is 6.0%.
McMinnville has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 44.4%, which is higher than the US average of 33.5%.
Tax Rates for McMinnville
- The Sales Tax Rate for McMinnville is 0.0%. The US average is 7.3%.
- The Income Tax Rate for McMinnville is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for McMinnville
- The average income of a McMinnville resident is $20,936 a year. The US average is $28,555 a year.
- The Median household income of a McMinnville resident is $58,692 a year. The US average is $69,021 a year.