Salem, WV is a small town located in Harrison County with a population of 26426. The average two-bedroom rent is $810, which is significantly less than the US average of $1,430. The grocery cost index in Salem is 97 versus 100 in the US, making it more affordable for individuals and families to purchase food. \nThe local economy consists primarily of agriculture, energy production, and retail businesses such as Walmart and Kroger. Additionally, it has several manufacturing companies like JG Allen & Son Inc., Clearview Energy Solutions LLC., and PPG Industries Inc. \nThe rental market in Salem is favorable for individuals looking for an affordable place to live as it offers low costs compared to other cities in the region. There are many apartments available that range from studios to larger units that are suitable for families. Furthermore, the area has good public transportation options and plenty of recreational sites like lakes and parks nearby for people to enjoy.
Salem (zip 26426) has an unemployment rate of 5.8%. The US average is 6.0%.
Salem (zip 26426) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Salem (zip 26426)
- The Sales Tax Rate for Salem (zip 26426) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 26426) 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 26426)
- The average income of a Salem (zip 26426) resident is $25,190 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 26426) resident is $49,882 a year. The US average is $69,021 a year.