Silver Lake, OR is a small town located in the Pacific Northwest. It is home to just over 1,000 people and is known for its natural beauty and laid-back atmosphere. The town’s local economy relies heavily on tourism as well as small businesses such as Silver Lake Brewing Company, Windward Farms Produce Market, and Silver Lake Bakery. The cost of living in Silver Lake is lower than the national average: the median 2 bedroom rent is $870 compared to $1,430 nationally, and the grocery cost index stands at 99 versus 100 nationally. These factors make Silver Lake an attractive option for both visitors and those looking to relocate permanently.
Silver Lake has an unemployment rate of 7.5%. The US average is 6.0%.
Silver Lake has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Silver Lake
- The Sales Tax Rate for Silver Lake is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Lake 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 Silver Lake
- The average income of a Silver Lake resident is $36,632 a year. The US average is $28,555 a year.
- The Median household income of a Silver Lake resident is $55,735 a year. The US average is $69,021 a year.