Lower Salem, OH is a small town in northwestern Ohio just off the I-77 highway. It has a cozy and close-knit community atmosphere and is a great place to live for people looking for an affordable cost of living. Rent for two bedroom apartments in Lower Salem is much lower than the national average at just $810 compared to $1,430 in the US. Additionally, grocery costs are also significantly lower, with an index of 99 versus 100 in the US. Local businesses include D&D Market Grocery Store, Peebles Country Store, and Biggby Coffee. The town also hosts many annual festivals including Salem Apple Butter Festival and Salem Super Cruise Weekend Car Show.
Lower Salem has an unemployment rate of 5.1%. The US average is 6.0%.
Lower Salem has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Lower Salem
- The Sales Tax Rate for Lower Salem is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lower Salem is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lower Salem
- The average income of a Lower Salem resident is $20,552 a year. The US average is $37,638 a year.
- The Median household income of a Lower Salem resident is $0 a year. The US average is $69,021 a year.