Salem, NE is a small town located in the Midwestern United States. It is an affordable area for those looking to rent - two bedroom apartments cost around $820 a month, much lower than the national average of $1430. Grocery index prices in Salem are also significantly lower than the US average, with an index of 89 compared to 100.
The town offers many businesses and services that locals can take advantage of. These include Farley's Pharmacy, Highland Home Center Hardware, Brown's Supervalu grocery store, and Salem Tire & Auto Service.
There are plenty of tourist attractions located in Salem too! Visitors will enjoy exploring the Loren Eiseley Library & Archives, which houses more than 3500 books on various topics such as science and literature. Other popular destinations include the Freedom Festival fireworks show every July 4th, nearby hunting grounds for outdoor enthusiasts, and the annual Dog Days 5K Run/Walk which takes place each summer.
Salem has an unemployment rate of 2.6%. The US average is 6.0%.
Salem has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Salem
- The Sales Tax Rate for Salem is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Salem is 6.8%. 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 $18,909 a year. The US average is $28,555 a year.
- The Median household income of a Salem resident is $48,500 a year. The US average is $69,021 a year.