Salem, IN
6,489Residents
$56,538Median household income
$690/moMedian gross rent
$144,700Median home value
43.1Median age
16%Adults with a bachelor’s degree or higher
74%Homes lived in by their owners
2.6×Home value to household income
Median rent takes about 15% of the median household income in Salem.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $28,000 a year. In Indiana that leaves roughly $1,986 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.