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

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Highlights
- Household income in Farragut, is 79% more than it is in Salem and is 42% above the National Average.
- Salem unemployment rate is 4.6%.
- Farragut unemployment rate is 4.1%.

Economy
 Salem, VAFarragut, TNUnited States
 Unemployment Rate4.6%4.1%6.0%
 Recent Job Growth1.5%0.9%1.6%
 Future Job Growth32.0%39.0%33.5%
 Sales Taxes5.3%9.3%6.2%
 Income Taxes5.8%0.0%4.6%
 Income per Cap.$36,244$60,233$37,638
 Household Income$66,472$119,167$69,021
 Family Median Income$84,224$134,293$85,028
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 Est. Households By Income
 Salem, VAFarragut, TNUnited States
 Income Less Than 15K7.9%3.1%9.4%
 Income between 15K and 20K3.9%0.8%3.8%
 Income between 20K and 30K8.7%2.8%8.1%
 Income between 30K and 40K7.3%5.4%8.0%
 Income between 40K and 50K9.0%3.3%7.6%
 Income between 50K and 60K8.8%4.1%7.2%
 Income between 60K and 75K8.2%6.9%9.6%
 Income between 75K and 100K14.1%12.5%12.8%
 Income between 100K and 150K17.4%24.4%16.3%
 Income between 150K and 200K7.4%11.5%7.8%
 Income greater than 200K7.2%25.2%9.5%
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 Population By Occupation
 Salem, VAFarragut, TNUnited States
 Management, business, finance15.7%26.6%16.4%
 Engineering, computers, science4.0%14.2%6.5%
 Community, social services2.6%1.0%1.8%
 Legal1.2%2.2%1.2%
 Education, library7.9%7.2%6.2%
 Arts, design, media, sports, entertainment1.5%1.5%2.0%
 Healthcare practitioners and technology7.3%6.6%6.2%
 Healthcare support2.6%1.0%3.3%
 Firefighters, law enforcement2.6%1.4%2.1%
 Food preparation, serving5.5%3.5%5.4%
 Building maintenance3.1%0.9%3.6%
 Personal care4.2%1.6%2.6%
 Sales, office, administrative support21.0%23.6%20.9%
 Farming, fishing, forestry0.2%0.2%0.6%
 Construction, extraction, maintenance/repair7.1%4.9%8.1%
 Production, transportation, material moving13.6%3.5%13.1%

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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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Reviews for Farragut    4 Reviews

We recently were transferred to East Tennessee and chose the Knoxville are, Farragut to be exact, to call home. Not happy about once again leaving my full life to start  More

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What are your thoughts on living in  More

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HA! John from LA, I have been to LA and the only thing that state has going for it, is having Nick Saban as LSU's coach for a short time and New Orleans. Even New  More

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ZIPS IN SALEM, VIRGINIA
24153
ZIPS IN FARRAGUT, TENNESSEE
37934 37932

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