Salem, UT is an attractive place for those seeking a comfortable and affordable lifestyle. The median two-bedroom rent rate in Salem is $1,270 compared to the US median rent of $1,430. Grocery costs in Salem are also more affordable than the nationwide average with a cost index of 97 versus 100. Local businesses in Salem include Big O Tires, Beck's Furniture, Edward Jones Investments and Creel Auto Group. The cost of living in Salem makes it an enjoyable place to live and work, with plenty of local amenities that make it easy to find something to do or places to stay.
Salem has an unemployment rate of 2.5%. The US average is 6.0%.
Salem has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 51.7%, which is higher than the US average of 33.5%.
Tax Rates for Salem
- The Sales Tax Rate for Salem is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Salem is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Salem
- The average income of a Salem resident is $23,113 a year. The US average is $28,555 a year.
- The Median household income of a Salem resident is $92,250 a year. The US average is $69,021 a year.