The city of Salem, Oregon (97301) is a great place to call home. The average two bedroom rent in the area costs $1,160, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Salem is 99 compared to 100 in the US. This makes it an attractive option for those looking for affordable housing and living expenses. As far as amenities are concerned, Salem offers plenty of local businesses that contribute to its thriving economy. Examples include Lancaster Mall Shopping Center, K Mart, Wal-Mart Supercenter, Home Depot, Lowe's and Oregon Garden Resort. These companies help make Salem an ideal place to live and work.
Salem (zip 97301) has an unemployment rate of 6.2%. The US average is 6.0%.
Salem (zip 97301) 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 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Salem (zip 97301)
- The Sales Tax Rate for Salem (zip 97301) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 97301) 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 (zip 97301)
- The average income of a Salem (zip 97301) resident is $22,815 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 97301) resident is $48,149 a year. The US average is $69,021 a year.