Gearhart, OR Economy


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Gearhart, Oregon is a small city located in Clatsop County. It offers its residents an idyllic quality of life surrounded by natural beauty. This charming town is home to several local businesses such as Gearhart Grocery Store, Gearhart Bakery, and Gearhart Fitness Center. The cost of living in Gearhart is generally cheaper than the national average, including rent for two-bedroom apartments which are around $1,230 compared to $1,430 nationwide. Furthermore, grocery costs are slightly cheaper in Gearhart than the US with an index of 101 versus 100 respectively. All in all, living in Gearhart provides a great balance between modern amenities and affordability.

Gearhart has an unemployment rate of 7.7%. The US average is 6.0%.

Gearhart has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Gearhart
- The Sales Tax Rate for Gearhart is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Gearhart 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 Gearhart
- The average income of a Gearhart resident is $27,234 a year. The US average is $28,555 a year.
- The Median household income of a Gearhart resident is $91,985 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGearhart, OregonUnited States
  7.76
  -7.7%-6.2%
  36.7%33.5%
  0.0%6.2%
  9.0%4.6%
  $43,840$37,638
  $91,985$69,021
  $105,625$85,028
  Population by Occupation
  0.5%1.2%
  0.4%0.5%
  8.1%6.8%
  5.3%10.0%
  4.3%2.5%
  6.6%11.0%
  0.2%4.8%
  0.2%0.8%
  0.0%1.9%
  6.6%4.7%
  1.1%1.9%
  8.7%7.6%
  0.1%0.1%
  9.3%4.2%
  7.5%9.3%
  17.3%14.0%
  3.8%2.1%
  14.7%7.0%
  1.2%4.8%
  4.2%4.7%
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