Madras, OR is a rural community in Jefferson County boasting a population of just over 6,000 people. It is located in the southern part of the state and offers residents an array of outdoor activities due to its close proximity to the Cascade mountains. The area sports a wide variety of local businesses including Madras Electric Company, Addis Ababa Café, and Madras Cinema 5. Madras also has a relatively low cost of living index with 2 bedroom rent averaging around $1,000 per month as compared to the national average of $1,430 per month. The grocery cost index is 98 in comparison to the national average which stands at 100. This makes it easy for residents to stretch their dollar without sacrificing quality or access to goods and services that they need.
Madras (zip 97741) has an unemployment rate of 8.2%. The US average is 6.0%.
Madras (zip 97741) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Madras (zip 97741)
- The Sales Tax Rate for Madras (zip 97741) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Madras (zip 97741) 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 Madras (zip 97741)
- The average income of a Madras (zip 97741) resident is $26,466 a year. The US average is $37,638 a year.
- The Median household income of a Madras (zip 97741) resident is $56,595 a year. The US average is $69,021 a year.