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Salem, IN 47167 has a population of approximately 14,552 and experiences a population change rate of -1.73%. The population density is 68.2 / sq mi .
The median household income for Salem, IN 47167 is $50,324, with 5,756 households and an average household size of 2.6.
The median value of a home in Salem, IN 47167 is $174,100 with an appreciation rate of 15.20%. 72.43% of housing in the state is owned while 19.85% is rented.
The cost of living in Salem, IN 47167 is 86.5 %.
The unemployment rate in Salem, IN 47167 is 2.40%, and recent job growth is at -0.21%. Future job growth is projected at 38.28%.
The sales tax rate in Salem, IN 47167 is 7.00%, while the income tax rate is 3.23% .
School expenditures in Salem, IN 47167 are $12,085, and the school ratio is 13.7:1.
The average high temperature in July is 87 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 45.7 inches per year, with 14.4 inches of snow per year.
