Salem, MA
44,795Residents
$85,153Median household income
$1,836/moMedian gross rent
$542,800Median home value
39.3Median age
48%Adults with a bachelor’s degree or higher
50%Homes lived in by their owners
6.4×Home value to household income
Median rent takes about 26% 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 $73,000 a year. In Massachusetts that leaves roughly $4,711 a month after tax. See the full paycheck breakdown for $75,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.