Salem, Massachusetts 

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Economy in Salem, Massachusetts

Salem has an unemployment rate of 3.6%. The US average is 3.9%.

Salem has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.

Tax Rates for Salem
- The Sales Tax Rate for Salem is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Salem is 5.1%. 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 $31,965 a year. The US average is $28,555 a year.
- The Median household income of a Salem resident is $59,044 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYSalem, MassachusettsUnited States
  3.0%3.7%
  3.0%1.6%
  36.3%33.5%
  6.3%6.2%
  5.1%4.6%
  $35,361$31,177
  $65,528$57,652
  $83,249$70,850
  POPULATION BY OCCUPATION
  0.2%1.3%
  0.0%0.6%
  4.1%6.2%
  6.5%10.4%
  1.2%2.7%
  10.9%11.6%
  3.4%4.1%
  0.9%0.9%
  1.7%2.1%
  6.8%4.7%
  1.4%1.9%
  7.6%6.7%
  0.0%0.1%
  4.0%4.3%
  11.6%9.3%
  17.1%13.8%
  3.7%2.2%
  10.3%7.4%
  4.3%4.9%
  4.3%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Salem    4 Reviews
    Horrible place for a Family - 3/1/2016
    I've been in Salem, Massachusetts for a year now because it brought me up here for my husband's job. Salem may be a great place to visit during Halloween but other... Read More

    Start Your Review of Salem


    Love it! - 3/21/2013
    My husband and I move to Salem, MA from Long Island NY five years ago and we love it! We kept on visiting for Halloween and we just decided to move here for the hell of... Read More

    Witch City, America - 5/12/2007
    We are family friendly, albeit strange. We celebrate Halloween for a month. Check out the Haunted Happenings... Read More


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    COMPARE COST OF LIVING
    Compare Salem, Massachusetts to any other place in the USA.

    MAPS OF SALEM, MASSACHUSETTS
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Salem,Massachusetts Map
    ZIP CODES IN SALEM, MASSACHUSETTS
    01970

    NEW LISTINGS IN SALEM
    $399,900

    Bed 3 | Bath 2

    $500,000
    103 Columbus Ave
    Bed 6 | Bath 3

    $499,900
    3 Abbott St
    Bed 3 | Bath 2

    $340,000
    7 Boston St
    Bed 3 | Bath 3

    $485,000
    15 Churchill St
    Bed 4 | Bath 2

    $399,900
    15 Churchill St
    Bed 2 | Bath 2

    $425,000
    16 Wheatland St
    Bed 4 | Bath 2


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