Zip 12865 (Salem, NY) Economy


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12865 Salem, NY is a great place to live due to its affordability. 2 bedroom rent in the area is $1,090 which is much cheaper than the US average of $1,430. Additionally, grocery costs are on-par with the national average, making it a great city for people who want to save money but still want access to amenities and services. The city is also home to many businesses like Dunkin Donuts, CVS Pharmacy, Family Dollar Store, and Avon Products Inc. that make living here even more convenient and comfortable. When compared to other cities around the country with similar amenities and services, 12865 Salem offers some of the most competitive rents available.

Salem (zip 12865) has an unemployment rate of 6.4%. The US average is 6.0%.

Salem (zip 12865) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.

Tax Rates for Salem (zip 12865)
- The Sales Tax Rate for Salem (zip 12865) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 12865) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Salem (zip 12865)
- The average income of a Salem (zip 12865) resident is $24,825 a year. The US average is $28,555 a year.
- The Median household income of a Salem (zip 12865) resident is $62,381 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySalem, New YorkUnited States
  6.46
  -5.1%-6.2%
  24.3%33.5%
  7.0%6.2%
  6.2%4.6%
  $29,900$37,638
  $62,381$69,021
  $66,667$85,028
  Population by Occupation
  4.8%1.2%
  0.7%0.5%
  4.4%6.8%
  13.5%10.0%
  1.5%2.5%
  9.5%11.0%
  4.2%4.8%
  0.3%0.8%
  1.4%1.9%
  7.3%4.7%
  1.8%1.9%
  4.0%7.6%
  0.0%0.1%
  2.1%4.2%
  12.6%9.3%
  15.2%14.0%
  2.4%2.1%
  4.4%7.0%
  5.1%4.8%
  5.1%4.7%
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