New Salem, MA
Maps & Population Facts
Population
1,019
Population Density
23
Labor Participaton
64.2%
Bachelor's or Higher
40.2%
Median Household Income
$71,908
Median Individual Income
$42,365
Median Individual Income(Full-time Workers Only)
$54,554
Housing Estimates
Median House Value
$239,700
Median Gross Rent
$1,074
Median Mortgage Payment
$1,496
Housing Units
484
People who reside in New Salem live in:
Detached - Single Family Homes
96%
Apt, Condo, Other
4%
Analysis
Income
Households in New Salem earn more money than the national median income, averaging 19% higher per household.
Housing
New Salem has a median house price of $239,700. The cost of homeownership is comparable with other areas. The cost of renting in New Salem is 6% more than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 9% |
Demographics
The median age in New Salem is 51. New Salem has a population that is significantly older than in comparison to the US median age.
New Salem ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
New Salem | Massachusetts | USA | |
Median Property Value | 239,700 | 385,400 | 217,600 |
Median Mortgage Payment | 1,496 | 2,108 | 1,513 |
Median Gross Rent | 1,074 | 1,208 | 1,012 |
Property Vacancy | 10.5% | 10.0% | 12.6% |
% Renters | 10% | 38% | 36% |
Residents per Sq. Mi. | 23 | 885 | 93 |
Personal Comparison
New Salem | Massachusetts | USA | |
Median Household Income | 71,908 | 77,385 | 60,336 |
Median Individual Income | 42,365 | 41,700 | 33,646 |
Median Income (Full-Time) | 54,554 | 60,923 | 46,881 |
Median Age | 51.2 | 39.5 | 38.1 |
Labor Participation | 64.2% | 67.8% | 62.8% |
Attained College Degree | 40.2% | 43.4% | 32.0% |
Population Density Analysis
New Salem, MA
23
Residents per Sq. Mile
The population density of New Salem is comparable to that of a Remote Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +