Home / Select Cities  /  2024 Comparing Salem, VA vs. Franklin, TN

2024 Compare Cities Economy:
Salem, VA vs Franklin, TN

Change Cities
Highlights
- Household income in Franklin, is 55% more than it is in Salem and is 33% above the National Average.
- Salem unemployment rate is 4.6%.
- Franklin unemployment rate is 3.1%.

Economy
 Salem, VAFranklin, TNUnited States
 Unemployment Rate4.6%3.1%6.0%
 Recent Job Growth1.5%2.4%1.6%
 Future Job Growth32.0%53.4%33.5%
 Sales Taxes5.3%9.8%6.2%
 Income Taxes5.8%0.0%4.6%
 Income per Cap.$36,244$51,811$37,638
 Household Income$66,472$102,721$69,021
 Family Median Income$84,224$123,661$85,028
 space
 Est. Households By Income
 Salem, VAFranklin, TNUnited States
 Income Less Than 15K7.9%3.5%9.4%
 Income between 15K and 20K3.9%1.9%3.8%
 Income between 20K and 30K8.7%4.8%8.1%
 Income between 30K and 40K7.3%5.3%8.0%
 Income between 40K and 50K9.0%6.5%7.6%
 Income between 50K and 60K8.8%5.8%7.2%
 Income between 60K and 75K8.2%8.3%9.6%
 Income between 75K and 100K14.1%13.0%12.8%
 Income between 100K and 150K17.4%20.4%16.3%
 Income between 150K and 200K7.4%12.0%7.8%
 Income greater than 200K7.2%18.6%9.5%
 space1
 Population By Occupation
 Salem, VAFranklin, TNUnited States
 Management, business, finance15.7%26.4%16.4%
 Engineering, computers, science4.0%10.5%6.5%
 Community, social services2.6%1.9%1.8%
 Legal1.2%1.9%1.2%
 Education, library7.9%6.6%6.2%
 Arts, design, media, sports, entertainment1.5%3.6%2.0%
 Healthcare practitioners and technology7.3%6.3%6.2%
 Healthcare support2.6%1.3%3.3%
 Firefighters, law enforcement2.6%0.9%2.1%
 Food preparation, serving5.5%5.3%5.4%
 Building maintenance3.1%1.2%3.6%
 Personal care4.2%2.7%2.6%
 Sales, office, administrative support21.0%23.1%20.9%
 Farming, fishing, forestry0.2%0.1%0.6%
 Construction, extraction, maintenance/repair7.1%3.3%8.1%
 Production, transportation, material moving13.6%4.9%13.1%

View More Data >

Reviews for Salem    4 Reviews

Over 8 years ago

I am looking for property in  More

   |    Reply

Over 9 years ago

When we moved from Glen Allen VA to Salem I had read on here that cost of living including housing was cheaper. Housing is less unless you want a house bigger than 1300  More

   |    Reply

Over 13 years ago

Salem is a lovely town surrounded by the beauty of the Blue Ridge mountains. Spring, Summer and Fall is exceptionally beautiful with moderate climate and lots of  More

   |    Reply

Start Your Review of Salem

Reviews for Franklin    27 Reviews

After visiting here for a week in the summer, I fell in love with the city! Lots of my friends in Florida already moved here from New Port Richey and Wesley Chapel. I  More

   |    Reply

I've lived in Tennessee all my life. I have lived in west,east and middle Tennessee. By far this is the best place I have lived. We have been in Franklin for 8 years. It  More

   |    Reply

I love that this is a greatly diverse community with a large African American and Hispanic community around West Main St./Nachez (I'm addicted to Pueblo Real Mexican  More

   |    Reply

Start Your Review of Franklin

 Most Recent Searches On Compare Cities
COMPARE COST OF LIVING
Compare Salem, Virginia Cost of Living vs Franklin, Tennessee Cost of Living: Taxes, Childcare, Groceries, Health...
Compare Now


ZIPS IN SALEM, VIRGINIA
24153
ZIPS IN FRANKLIN, TENNESSEE
37064 37067 37069

PREMIUM SUBSCRIPTION

Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.

Try Now