The 97504 zip code of Medford, OR is a great place to call home with an average two bedroom rent of $1,270, significantly lower than the national average of $1,430. The grocery cost index in Medford is also 101 compared to the US index of 100. Local companies in the area include Lithia Motors Inc., Harry & David LLC, Pacific Retirement Services Inc., andBear Creek Corporation. These well-known businesses are just a few that make up the diverse economy in this region of Southern Oregon.
Medford (zip 97504) has an unemployment rate of 7.0%. The US average is 6.0%.
Medford (zip 97504) has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 43.9%, which is higher than the US average of 33.5%.
Tax Rates for Medford (zip 97504)
- The Sales Tax Rate for Medford (zip 97504) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Medford (zip 97504) 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 Medford (zip 97504)
- The average income of a Medford (zip 97504) resident is $36,134 a year. The US average is $37,638 a year.
- The Median household income of a Medford (zip 97504) resident is $68,854 a year. The US average is $69,021 a year.