Salem, OR Metro Area is an attractive and vibrant place to live, with a variety of amenities for all ages. Rent for a two-bedroom apartment is slightly lower than the US average at $1,250 compared to $1,430, making it an affordable option. Additionally, the cost of groceries is relatively low in the metro area compared to other places in the country with an index of 100 versus 100 in the US. Salem has a lot to offer as far as local businesses and attractions. Notable companies within the area include Tektronix and Oregon State University while iconic attractions range from Mission Mill Museum to Enchanted Forest Theme Park.
Salem Metro Area has an unemployment rate of 6.1%. The US average is 6.0%.
Salem Metro Area has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Salem Metro Area
- The Sales Tax Rate for Salem Metro Area is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Salem 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 Salem Metro Area
- The average income of a Salem Metro Area resident is $22,527 a year. The US average is $28,555 a year.
- The Median household income of a Salem Metro Area resident is $65,881 a year. The US average is $69,021 a year.