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Salem has a population of approximately 174,193 and experiences a population change rate of 27.22%. The population density is 3,580.8 / sq mi .
The median household income for Salem is $62,185, with 64,426 households and an average household size of 2.58.
The median value of a home in Salem is $399,000 with an appreciation rate of 14.20%. 51.91% of housing in the state is owned while 42.65% is rented.
The cost of living in Salem is 108.7 %.
The unemployment rate in Salem is 2.90%, and recent job growth is at -0.50%. Future job growth is projected at 39.81%.
The sales tax rate in Salem is 0.00%, while the income tax rate is 8.75% .
School expenditures in Salem are $17,073, and the school ratio is 18.4:1.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 34.8 degrees. The average rainfall is approximately 44.9 inches per year, with 3.9 inches of snow per year.
