24153 Salem, Virginia is an excellent place to live with its close proximity to Roanoke and other nearby cities. It has a low cost of living compared to the rest of the United States, with an average two-bedroom rent costing $1,110 while the US average is $1,430. Additionally, the grocery cost index in 24153 Salem is 98 versus 100 in the US. The city has plenty of outdoor options for recreation in addition to a variety of local businesses such as Valley Buick-GMC, LewisGale Regional Health System, Carilion Clinic, and Advance Auto Parts. There are also excellent educational institutions like Roanoke College and Hollins University. Residents enjoy the convenience of living so close to amenities yet still having affordable costs of living and quality local services.
Salem (zip 24153) has an unemployment rate of 4.6%. The US average is 6.0%.
Salem (zip 24153) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Salem (zip 24153)
- The Sales Tax Rate for Salem (zip 24153) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 24153) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Salem (zip 24153)
- The average income of a Salem (zip 24153) resident is $28,839 a year. The US average is $28,555 a year.
- The Median household income of a Salem (zip 24153) resident is $70,168 a year. The US average is $69,021 a year.