Zip 97540 (Talent, OR) Economy


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Talent, Oregon is a small city located in the Rogue Valley of Southern Oregon, with a population of just over 2,000 people. The city offers affordable housing, with the average two-bedroom rental rate at $1,390, compared to the national average of $1,430. Furthermore, the cost of groceries in Talent is slightly lower than the national index at 101 versus 100. Some local businesses in Talent include Talent Irrigation District, Talent Public Market and Pharmacy and Talent Florist & Garden Center. Additionally, there are also multiple medical offices and local parks for residents to enjoy.

Talent (zip 97540) has an unemployment rate of 6.7%. The US average is 6.0%.

Talent (zip 97540) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 42.9%, which is higher than the US average of 33.5%.

Tax Rates for Talent (zip 97540)
- The Sales Tax Rate for Talent (zip 97540) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Talent (zip 97540) 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 Talent (zip 97540)
- The average income of a Talent (zip 97540) resident is $23,000 a year. The US average is $28,555 a year.
- The Median household income of a Talent (zip 97540) resident is $47,957 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTalent, OregonUnited States
  6.76
  -2.6%-6.2%
  42.9%33.5%
  0.0%6.2%
  9.0%4.6%
  $29,001$37,638
  $47,957$69,021
  $67,125$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  2.7%6.8%
  6.4%10.0%
  2.1%2.5%
  14.6%11.0%
  2.7%4.8%
  0.0%0.8%
  2.0%1.9%
  4.3%4.7%
  0.6%1.9%
  8.9%7.6%
  0.7%0.1%
  1.4%4.2%
  8.5%9.3%
  13.8%14.0%
  2.1%2.1%
  15.9%7.0%
  5.6%4.8%
  4.4%4.7%
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