Salem, OH is a city located in Northeastern Ohio. Salem is home to several companies including Quaker Manufacturing Inc., Salem Regional Medical Center, and Packard Music Hall. The cost of living in Salem is significantly lower than that of the US as a whole; this can be seen by comparing the two bedroom rent of $800 in Salem versus $1,430 for the US as well as a grocery cost index of 98 for Salem versus 100 for the US. This allows residents of Salem to enjoy a high quality of life while also being able to save money on essential items like rent and food.
Salem has an unemployment rate of 5.4%. The US average is 6.0%.
Salem has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Salem
- The Sales Tax Rate for Salem is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Salem is 4.5%. 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 $30,636 a year. The US average is $37,638 a year.
- The Median household income of a Salem resident is $41,949 a year. The US average is $69,021 a year.