Pay and cost of living in Salem city, VA
Salem city, VA is part of the Roanoke, VA labor market, and this page summarizes 1 occupations with published wages there. The median of their median salaries is $80,090 a year. The best-paid occupation listed is Registered Nurses at $80,090, and the lowest is Registered Nurses at $80,090.
A one-bedroom apartment in Salem city, VA has a HUD Fair Market Rent of $1,250 a month and a two-bedroom $1,464. Rent, food, home energy and gasoline for one adult add up to $21,984 a year. After federal, FICA and state income taxes, the average occupation here takes home $61,089 a year, and every one of the 1 occupations listed here earns enough take-home pay to cover the four basics.
Each occupation links to a detailed page with gross pay, take-home pay, rent, food and energy costs, and the monthly budget margin. All pages share one method, which makes it easy to compare jobs inside Salem city, VA or against other counties.
Housing, taxes and commute in Salem city, VA
The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Salem city, VA, set beside the Virginia and national medians.
Median household income in Salem city, VA is $66,725, 28% below the Virginia median of $93,170 and $80,734 nationally. A year of one-bedroom Fair Market Rent ($15,000) equals 22.5% of that income. The median of the occupation medians listed here, $80,090, is 20% above household income, which is expected because a household can hold more than one earner.
Homeowners in Salem city, VA pay a median of $2,316 a year in real estate taxes, 17% below the Virginia median of $2,790. With a median home value of $258,600, 33% below the Virginia median of $383,700, the ratio of the two medians is 0.90% a year.
Renters in Salem city, VA pay a median gross rent of $1,133 a month in the Census survey, 28% below the Virginia median of $1,579. HUD's one-bedroom Fair Market Rent used for the budgets on this site is $1,250; the Census figure covers rental units of every size.
Workers in Salem city, VA who travel to a workplace spend an average of 19.0 minutes each way, 30% below the Virginia average of 27.3. 10.8% of workers work from home, compared with 15.1% nationally.