South Salem, OH Economy


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South Salem, OH is a great place to live due to its affordable rent and grocery costs. The average rent for a two bedroom apartment is $860, significantly lower than the US average of $1,430. Additionally, South Salem has a Grocery Cost Index of 96 versus 100 in the US, making it even more cost-effective for those looking to move there. Local businesses have also been highly successful in South Salem - some noteworthy establishments include Southside Pizza & Subs, Mac's Place Bar & Grill, and Lancaster Grille. Along with its affordability and thriving economy, South Salem also has a rich history with many landmarks such as the National Road Welcome Center which serves as a reminder of its past. With so much to offer financially and historically, it's no surprise that South Salem is such an attractive destination for families and professionals alike.

South Salem has an unemployment rate of 4.1%. The US average is 6.0%.

South Salem 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 29.2%, which is lower than the US average of 33.5%.

Tax Rates for South Salem
- The Sales Tax Rate for South Salem is 7.3%. The US average is 7.3%.
- The Income Tax Rate for South Salem is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for South Salem
- The average income of a South Salem resident is $13,370 a year. The US average is $28,555 a year.
- The Median household income of a South Salem resident is $45,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Salem, OhioUnited States
  4.16
  -4.2%-6.2%
  29.2%33.5%
  7.3%6.2%
  3.5%4.6%
  $20,711$37,638
  $45,750$69,021
  $70,625$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.2%6.8%
  27.8%10.0%
  0.0%2.5%
  7.8%11.0%
  2.2%4.8%
  1.1%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  3.3%4.2%
  10.0%9.3%
  16.7%14.0%
  0.0%2.1%
  0.0%7.0%
  4.4%4.8%
  14.4%4.7%
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