Philomath, OR is a small town with a population of around 5,100 located in Benton County. The cost of living in Philomath is notably lower than the US average, particularly when it comes to rent. A two-bedroom rent averages just $1,190 in Philomath compared to the US average of $1,430. Grocery costs are also comparatively low at an index score of 101 as opposed to 100 for the US. Popular local businesses include Blossom Valley Organics farmer’s market and Corvallis Brewing Supply providing fresh ingredients and beer brewing supplies respectively. Other noteworthy companies in Philomath include Dairy Queen, McDonald's and Edward Jones Investments.
Philomath has an unemployment rate of 4.9%. The US average is 6.0%.
Philomath has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Philomath
- The Sales Tax Rate for Philomath is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Philomath 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 Philomath
- The average income of a Philomath resident is $32,561 a year. The US average is $37,638 a year.
- The Median household income of a Philomath resident is $70,806 a year. The US average is $69,021 a year.