The city of 97304 Salem, OR is a great place for those looking for an affordable living. The average 2 bedroom rent in the area is $1,600 which is $170 less than the US average of $1,430. Additionally, the Grocery Cost Index in Salem is 101 versus 100 in the US making groceries more affordable in the area than other parts of the nation. This makes 97304 Salem an ideal spot for those looking to save money on living expenses.
The businesses in 97304 Salem include Target, Fred Meyer, Safeway and Walmart Supercenter. In addition to grocery stores there are many local restaurants like Olive Garden and Red Lobster as well as cafe's such as Starbucks and Dutch Bros Coffee. There are also plenty of shops such as Footlocker and Gap to enjoy some retail therapy. All these businesses make 97304 Salem a great place to live with plenty of options for shopping or dining out.
Salem (zip 97304) has an unemployment rate of 6.2%. The US average is 6.0%.
Salem (zip 97304) 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 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Salem (zip 97304)
- The Sales Tax Rate for Salem (zip 97304) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 97304) 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 97304)
- The average income of a Salem (zip 97304) resident is $42,338 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 97304) resident is $79,346 a year. The US average is $69,021 a year.