Salem, CT is a small town located in New London County. It's a great place to live because rent for two bedroom apartments is relatively affordable at $1,710 per month. Additionally, the grocery cost index in Salem is 107 versus the US average of 100, making it an even more attractive option. The town offers plenty of activities such as shopping, hiking, kayaking and camping. There are also plenty of local businesses operating in the area to enjoy including Tendergreen Farm & Market Garden and McLean Game Refuge. Whether you're looking for an outdoor adventure or just a relaxing day out with friends and family - Salem has something for everyone.
Salem has an unemployment rate of 8.7%. The US average is 6.0%.
Salem has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Salem
- The Sales Tax Rate for Salem is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Salem is 5.5%. 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 $42,670 a year. The US average is $28,555 a year.
- The Median household income of a Salem resident is $108,953 a year. The US average is $69,021 a year.