Silver Lake, Oregon is a city with a population of around 834 people. It is situated in the northern part of the state and is known for its rural beauty and tranquil atmosphere. Silver Lake has plenty to offer those who are looking for an affordable place to live, with two bedroom rentals on average costing just $860 per month. This is significantly lower than the US national average of $1,430 for a two bedroom apartment. Grocery costs in Silver Lake are also well-below the US average, at 99 versus 100 in the US.
Silver Lake boasts some great local companies such as Silver Lake Market and Silver Lake Grocery Store, both providing excellent food choices and competitive prices. The area is also home to several small shops offering a variety of unique items not found elsewhere. With its low cost of living and tranquil atmosphere, Silver Lake makes an ideal choice for those seeking an affordable yet comfortable place to call home.
Silver Lake (zip 97638) has an unemployment rate of 7.5%. The US average is 6.0%.
Silver Lake (zip 97638) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Silver Lake (zip 97638)
- The Sales Tax Rate for Silver Lake (zip 97638) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Lake (zip 97638) 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 Silver Lake (zip 97638)
- The average income of a Silver Lake (zip 97638) resident is $22,126 a year. The US average is $28,555 a year.
- The Median household income of a Silver Lake (zip 97638) resident is $52,000 a year. The US average is $69,021 a year.