North Salem, IN is a small town with a population of approximately 1000 people. It is located in Boone County and is known for its rural and peaceful atmosphere. The cost of living in North Salem is relatively low compared to the nation with 2 bedroom rent costing only $1,000 while the US average stands at $1,430. Additionally, the grocery cost index in North Salem stands at 96 versus 100 in the US.
Local companies in North Salem include Carstar Auto Body Repair Experts, S&S Wireless Inc., Star Entities LLC, and Boomerang Promotions & Marketing Inc. Visitors and locals alike can find many attractions near North Salem such as Shades State Park, Big Walnut Sportsman Club and Nature Park, Beshka Farms & Orchard, and Mounds State Recreation Area.
North Salem has an unemployment rate of 3.5%. The US average is 6.0%.
North Salem has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for North Salem
- The Sales Tax Rate for North Salem is 7.0%. The US average is 7.3%.
- The Income Tax Rate for North Salem is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for North Salem
- The average income of a North Salem resident is $19,021 a year. The US average is $28,555 a year.
- The Median household income of a North Salem resident is $53,194 a year. The US average is $69,021 a year.