Salem, SD is a small town located in southeastern South Dakota. It has a population of about 1,500 people and is known for its low cost of living. The average 2 bedroom rent in Salem is $890 per month which is significantly lower than the national average of $1,430. Additionally, residents enjoy an even lower grocery cost index with 98 points versus the national average of 100 points. The local economy consists mainly of small businesses such as bakery shops, family owned restaurants and grocery stores. These places offer residents quality goods at affordable prices and support the local economy. Other popular businesses in Salem include gas stations, hardware stores and car dealerships.
Salem has an unemployment rate of 2.9%. The US average is 6.0%.
Salem has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Salem
- The Sales Tax Rate for Salem is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Salem is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Salem
- The average income of a Salem resident is $26,722 a year. The US average is $37,638 a year.
- The Median household income of a Salem resident is $65,820 a year. The US average is $69,021 a year.