North Salem, NY Economy


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North Salem, NY is a desirable place to live due to its close proximity to amenities and affordable housing. It has a high grocery cost index but the rent is still lower than the US average. Its location is also convenient, being close to New York City and other attractions. Local companies in North Salem include Playland Ice Casino, Dutchess Stadium, and The Great Jack O'Lantern Blaze. There are also several shops and restaurants in the area that make it an ideal spot for residents. Additionally, the town has excellent schools as well as plenty of outdoor activities such as hiking trails and parks. With all these great benefits available within such a short distance from NYC, it's no wonder why North Salem is such a desirable place to live!

North Salem has an unemployment rate of 6.2%. The US average is 6.0%.

North Salem has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.

Tax Rates for North Salem
- The Sales Tax Rate for North Salem is 7.4%. The US average is 7.3%.
- The Income Tax Rate for North Salem is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for North Salem
- The average income of a North Salem resident is $65,940 a year. The US average is $28,555 a year.
- The Median household income of a North Salem resident is $161,860 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Salem, New YorkUnited States
  6.26
  -6.3%-6.2%
  26.5%33.5%
  4.4%6.2%
  6.2%4.6%
  $69,629$37,638
  $161,860$69,021
  $191,150$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  3.5%6.8%
  8.2%10.0%
  3.4%2.5%
  8.8%11.0%
  0.7%4.8%
  1.5%0.8%
  6.5%1.9%
  6.7%4.7%
  4.7%1.9%
  12.6%7.6%
  0.0%0.1%
  3.0%4.2%
  13.8%9.3%
  11.3%14.0%
  4.6%2.1%
  0.8%7.0%
  3.5%4.8%
  2.8%4.7%
Reviews for North Salem
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Over 16 years ago

Have lived in area almost 18 years. Quiet country setting. Cost of living is relatively high and region does not encourage development. Reputation for good schools K-12.  More

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