Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.8 yrs |
|---|---|
| Avg HH Size | 2.50 |
| Below Poverty | 6.2% ▼ 38% below avg |
| College Grads | 66.5% ▲ 72% above avg |
| Unemployment | 3.3% ▼ 33% below avg |
| No HS Diploma | 10 (0.3%) |
| HS Graduate | 522 (17.8%) |
| Some College | 229 (7.8%) |
| Associates | 219 (7.5%) |
| Bachelors | 442 (15.1%) |
| Graduate Degree | 1,507 (51.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $118,839 ▲ 56% above avg |
|---|---|
| Median Home Value | $369,800 ▲ 33% above avg |
| Home/Income Ratio | 3.1x (nat avg ~3.5x) |
| Median Rent | $1,495/mo |
| Total Housing Units | 1,785 |
| Vacant Units | 65 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Salem is a city in Connecticut, located in Southeastern Connecticut County. The city spans 1 ZIP code and is home to approximately 4,323 residents. It is a middle-aged city, with a median age of 39.8 years.
Economically, Salem is a upper-middle-income community. The median household income of $118,839 is significantly above the national average. Approximately 6.2% of residents live below the poverty line. The unemployment rate is 3.3%, below the national average.
The real estate market in Salem is a mid-range housing market. Median home values stand at $369,800, which is above the national average. Renters typically pay around $1,495 per month. Homeownership is high at 87.7%, typical of suburban and family-oriented communities.
The population of Salem is highly educated. 66.5% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (88.76%).
Salem, CT offers residents above-average earning potential within Connecticut.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 06420 | 4,323 | $118,839 | $369,800 | $1,495 | 3.3% | 66.5% | 87.7% |