Madras, Oregon is a city located in the heart of Central Oregon. It is known for its diverse landscape, outdoor opportunities, and friendly local businesses. With a population of just over 6,000 people, Madras offers small-town charm with plenty of amenities. The average cost of rent for a two-bedroom apartment in Madras is $1,050; significantly lower than the US average rent of $1,430. Also notable is that the Grocery Cost Index in Madras is 98 compared to 100 US-wide.
In addition to its affordability and stunning scenery, Madras has many popular local businesses and attractions that make it a great place to live or visit. The renowned Madras Cinema 5 showcases the latest films from Hollywood while Mai Thai Restaurant serves up delicious Thai cuisine. Outdoor enthusiasts can take part in many activities such as kayaking on Lake Billy Chinook or exploring Smith Rock State Park; one of the 7 Wonders of Oregon. Whether visitors come to enjoy the outdoors or explore historical sites such as Fort Dalles Museum & Anderson Homestead, they’ll find something special in Madras.
Madras has an unemployment rate of 8.2%. The US average is 6.0%.
Madras has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Madras
- The Sales Tax Rate for Madras is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Madras 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 Madras
- The average income of a Madras resident is $19,594 a year. The US average is $28,555 a year.
- The Median household income of a Madras resident is $43,722 a year. The US average is $69,021 a year.