Zip 97351 (Independence, OR) Economy


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Independence, Oregon (97351) is a great place to live, offering residents access to numerous local businesses while keeping the cost of living low compared to the US average. The 2 bedroom rent in Independence averages $1,330 versus $1,430 for the US - a saving of almost $100 per month. Grocery cost index in 97351 is also lower than in the US, with an index of 100 versus 100 on a national scale. In addition, Independence offers its citizens access to local retailers such as Walmart Supercenter , Big Town Hero and Pacific Pride Fueling Station which are all located close by. All these factors make Independence an attractive option for people looking for quality amenities at competitive prices.

Independence (zip 97351) has an unemployment rate of 5.9%. The US average is 6.0%.

Independence (zip 97351) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 42.6%, which is higher than the US average of 33.5%.

Tax Rates for Independence (zip 97351)
- The Sales Tax Rate for Independence (zip 97351) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Independence (zip 97351) 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 Independence (zip 97351)
- The average income of a Independence (zip 97351) resident is $25,582 a year. The US average is $37,638 a year.
- The Median household income of a Independence (zip 97351) resident is $66,962 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIndependence, OregonUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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