Salem, NC is a great place to live and work with affordable housing. The median rent for two-bedroom apartments in the city is $1,290 per month, which is lower than the U.S. average of $1,430. Grocery costs in Salem are also lower compared to the national average index of 100, at 95. Salem is a hub for many local businesses such as Salisbury Family Practice, NorthEast Medical Center, and US Food Group Distribution Center. There’s also an abundance of restaurants like The Hot Dog Shack and Salvatore’s Pizza that serve up delicious meals perfect for any occasion. Residents can find plenty of activities to keep busy, like shopping at the local mall or taking a walk along the riverfront. In all, Salem is an excellent place to call home with its low cost of living and numerous amenities nearby to enjoy.
Salem has an unemployment rate of 4.4%. The US average is 6.0%.
Salem has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 37.3%, 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 5.5%. 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 $23,132 a year. The US average is $28,555 a year.
- The Median household income of a Salem resident is $54,750 a year. The US average is $69,021 a year.