Salem, IL is a city located in Marion County, with a population of 6,288. The cost of renting a two bedroom apartment in the city is $690, which is much lower than the US average of $1,430. Additionally, the grocery cost index for Salem is 93 versus 100 in the US. Despite the low costs for rent and groceries in Salem, there are plenty of amenities and local businesses to enjoy. The city contains several restaurants ranging from Italian to American cuisine such as Antonio's Pizza & Pasta House and Anna Mae's Country Cooking. There are also pharmacies such as Walgreens and CVS as well as department stores like Walmart Supercenter. Other entertainment options include bowling alleys like Southside Lanes and movie theaters such as Carmike Cinema 9. Overall, Salem offers great cost-efficiency while providing its residents with a wide variety of amenities to explore.
Salem (zip 62881) has an unemployment rate of 6.2%. The US average is 6.0%.
Salem (zip 62881) has seen the job market decrease by -8.5% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Salem (zip 62881)
- The Sales Tax Rate for Salem (zip 62881) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 62881) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Salem (zip 62881)
- The average income of a Salem (zip 62881) resident is $30,519 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 62881) resident is $59,263 a year. The US average is $69,021 a year.