The small city of Salem, Utah (zip code 84653) offers a great cost-of-living option for renters. According to recent data, 2-bedroom rent in Salem is about $1,280, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Salem is 97 compared to 100 in the US overall. This low cost of living makes Salem an attractive place for those looking for affordable housing options.
In addition to its low cost of living, Salem also has plenty of local companies that make it a great place to live and work. Local businesses include D&B Supply Co., a family-owned agricultural supply store; Rockwell Automation Inc., a manufacturer and distributor of industrial automation products; Intermountain Healthcare, a non-profit health system; and H&H Homes Inc., a custom home builder. There are many other businesses located in Salem that provide goods and services to its residents.
Salem (zip 84653) has an unemployment rate of 2.5%. The US average is 6.0%.
Salem (zip 84653) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 51.7%, which is higher than the US average of 33.5%.
Tax Rates for Salem (zip 84653)
- The Sales Tax Rate for Salem (zip 84653) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 84653) 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 84653)
- The average income of a Salem (zip 84653) resident is $33,013 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 84653) resident is $94,560 a year. The US average is $69,021 a year.