Eugene, OR Metro Area is a popular destination due to its affordable housing market and cost of living. The median 2 bedroom rent in Eugene is $1,350 compared to the national median of $1,430. This affordability is further supported by a Grocery Cost Index of 101 versus 100 in the US. This lower cost allows local businesses to thrive and grow in the area. Companies such as Ninkasi Brewing Company, Oregon Electric Railway Museum and Randy Papé Beltline are some of the most well-known companies in Eugene which have played an important role in shaping the area’s economic and cultural landscape. These small businesses provide employment opportunities for locals while contributing to vibrant culture enjoyed by people from all over the world.
Eugene-Springfield Metro Area has an unemployment rate of 6.8%. The US average is 6.0%.
Eugene-Springfield Metro Area has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Eugene-Springfield Metro Area
- The Sales Tax Rate for Eugene-Springfield Metro Area is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Eugene-Springfield Metro Area 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 Eugene-Springfield Metro Area
- The average income of a Eugene-Springfield Metro Area resident is $24,720 a year. The US average is $28,555 a year.
- The Median household income of a Eugene-Springfield Metro Area resident is $59,016 a year. The US average is $69,021 a year.