The 2 bedroom rent in 06420 Salem, CT is $1,640. This is slightly more expensive than the US average of $1,430. Furthermore, the Grocery Cost Index in 06420 Salem, CT is 107 versus the national average of 100.
This area has a variety of popular local companies such as Salem Station and All-A-Flutter Farm Stand & Greenhouse. Salem Station is a locally owned deli and market that specializes in fresh seafood, sandwiches, and more. All-A-Flutter Farm Stand & Greenhouse offers seasonal fruits and vegetables for sale as well as flowers throughout the year. Other businesses in the area include S&S Towing Service LLC and The Bank of America Financial Center.
Salem (zip 06420) has an unemployment rate of 9.2%. The US average is 6.0%.
Salem (zip 06420) has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Salem (zip 06420)
- The Sales Tax Rate for Salem (zip 06420) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 06420) 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 (zip 06420)
- The average income of a Salem (zip 06420) resident is $52,177 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 06420) resident is $109,578 a year. The US average is $69,021 a year.