Zip 97302 (Salem, OR) Economy


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97302 Salem, OR is an affordable city with a 2 Bedroom Rent of $1,200 compared to the US average of $1,430. The Grocery Cost Index in 97302 Salem, OR is also slightly lower than the US at 101 versus 100.
The city has multiple local companies that provide a variety of services such as food delivery from Favor Delivery or Papa John's Pizza. There are also many stores located in the area such as Walmart and Trader Joe's for grocery shopping needs. In addition, there are plenty of recreational activities including outdoor parks like Minto Brown Island Park and Riverfront Park which offer trails for walking and biking. There is also an abundance of restaurants ranging from local fast food chains to fine dining options in the downtown district. 97302 Salem, OR has something for everyone!

Salem (zip 97302) has an unemployment rate of 6.2%. The US average is 6.0%.

Salem (zip 97302) 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 97302)
- The Sales Tax Rate for Salem (zip 97302) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 97302) 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 97302)
- The average income of a Salem (zip 97302) resident is $29,930 a year. The US average is $28,555 a year.
- The Median household income of a Salem (zip 97302) resident is $73,993 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySalem, OregonUnited States
  6.26
  -2.8%-6.2%
  40.2%33.5%
  0.0%6.2%
  9.0%4.6%
  $39,332$37,638
  $73,993$69,021
  $88,688$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  7.3%6.8%
  7.1%10.0%
  1.7%2.5%
  12.7%11.0%
  2.0%4.8%
  0.4%0.8%
  0.8%1.9%
  5.6%4.7%
  3.0%1.9%
  7.0%7.6%
  0.0%0.1%
  3.3%4.2%
  10.7%9.3%
  15.3%14.0%
  1.5%2.1%
  6.8%7.0%
  4.2%4.8%
  9.6%4.7%
Reviews for Salem
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Over 17 years ago

We've enjoyed living here for the past 2.5 years. Most neighbors are friendly and wonderful, plenty of kids of all ages, no troublemakers among them. The schools are  More

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