Salem, MA
Maps & Population Facts
Population
43,146
Population Density
5,202
Labor Participaton
68.3%
Bachelor's or Higher
41.1%
Median Household Income
$65,528
Median Individual Income
$36,751
Median Individual Income(Full-time Workers Only)
$54,186
Housing Estimates
Median House Value
$331,300
Median Gross Rent
$1,149
Median Mortgage Payment
$2,008
Housing Units
19,399
People who reside in Salem live in:
Detached - Single Family Homes
26%
Apt, Condo, Other
74%
Analysis
Income
Households in Salem earn more money than the national median income, averaging 9% higher per household.
Housing
Salem has a median house price of $331,300. The cost of homeownership is higher than most areas. The cost of renting in Salem is 14% more than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 5% |
Demographics
The median age in Salem is 36. Salem has a population that is younger than in comparison to the US median age.
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
Salem | Massachusetts | USA | |
Median Property Value | 331,300 | 385,400 | 217,600 |
Median Mortgage Payment | 2,008 | 2,108 | 1,513 |
Median Gross Rent | 1,149 | 1,208 | 1,012 |
Property Vacancy | 5.7% | 10.0% | 12.6% |
% Renters | 49% | 38% | 36% |
Residents per Sq. Mi. | 5,202 | 885 | 93 |
Personal Comparison
Salem | Massachusetts | USA | |
Median Household Income | 65,528 | 77,385 | 60,336 |
Median Individual Income | 36,751 | 41,700 | 33,646 |
Median Income (Full-Time) | 54,186 | 60,923 | 46,881 |
Median Age | 36.2 | 39.5 | 38.1 |
Labor Participation | 68.3% | 67.8% | 62.8% |
Attained College Degree | 41.1% | 43.4% | 32.0% |
Population Density Analysis
Salem, MA
5,202
Residents per Sq. Mile
The population density of Salem is comparable to that of a Mid-Sized City.
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 +