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2024 Compare Cities Economy:
Frankfort, KY vs Salem, VA

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Highlights
- Household income in Salem, is 28% more than it is in Frankfort and is 4% below the National Average.
- Frankfort unemployment rate is 5.3%.
- Salem unemployment rate is 4.6%.

Economy
 Frankfort, KYSalem, VAUnited States
 Unemployment Rate5.3%4.6%6.0%
 Recent Job Growth1.3%1.5%1.6%
 Future Job Growth32.3%32.0%33.5%
 Sales Taxes6.0%5.3%6.2%
 Income Taxes7.8%5.8%4.6%
 Income per Cap.$30,295$36,244$37,638
 Household Income$51,731$66,472$69,021
 Family Median Income$63,079$84,224$85,028
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 Est. Households By Income
 Frankfort, KYSalem, VAUnited States
 Income Less Than 15K10.0%7.9%9.4%
 Income between 15K and 20K5.1%3.9%3.8%
 Income between 20K and 30K10.0%8.7%8.1%
 Income between 30K and 40K14.3%7.3%8.0%
 Income between 40K and 50K9.3%9.0%7.6%
 Income between 50K and 60K10.1%8.8%7.2%
 Income between 60K and 75K9.6%8.2%9.6%
 Income between 75K and 100K13.6%14.1%12.8%
 Income between 100K and 150K13.0%17.4%16.3%
 Income between 150K and 200K2.3%7.4%7.8%
 Income greater than 200K2.7%7.2%9.5%
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 Population By Occupation
 Frankfort, KYSalem, VAUnited States
 Management, business, finance17.4%15.7%16.4%
 Engineering, computers, science5.5%4.0%6.5%
 Community, social services2.7%2.6%1.8%
 Legal0.8%1.2%1.2%
 Education, library4.9%7.9%6.2%
 Arts, design, media, sports, entertainment1.7%1.5%2.0%
 Healthcare practitioners and technology4.6%7.3%6.2%
 Healthcare support3.1%2.6%3.3%
 Firefighters, law enforcement4.0%2.6%2.1%
 Food preparation, serving5.4%5.5%5.4%
 Building maintenance6.3%3.1%3.6%
 Personal care1.6%4.2%2.6%
 Sales, office, administrative support21.2%21.0%20.9%
 Farming, fishing, forestry0.3%0.2%0.6%
 Construction, extraction, maintenance/repair7.5%7.1%8.1%
 Production, transportation, material moving13.1%13.6%13.1%

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Reviews for Frankfort    3 Reviews

I was born here at Kings Daughter Hospital. I still have family members living here. Although I haven't lived here in years, I knew the place well and keep up with  More

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I have traveled all over the United States (SC, NY, FL, CO, WY, MO, OH, IN, WV). I've also traveled to other countries (Panama & Canada), and I've never been anywhere  More

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Over 7 years ago

I've lived here for 15 years. Almost all the restaurants are fast food. State government is the dominant workforce and does not pay well, so many businesses open only  More

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Reviews for Salem    4 Reviews

Over 8 years ago

I am looking for property in  More

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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

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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

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ZIPS IN FRANKFORT, KENTUCKY
40601
ZIPS IN SALEM, VIRGINIA
24153

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