Living in North Salem, Indiana
Cost of living, income, home prices, rent and demographics of North Salem · Census data 2020–2024
North Salem has 741 residents with a median age of 29.7. The median household income is $68,214 (5% lower than the Indiana median), the median home value is $186,500, the median rent is $1,160/month.
North Salem is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
North Salem at a glance
- Population
- 741
- Median age
- 29.7State: 38.1
- Median household income
- $68,214State: $71,957
- Median home value
- $186,500State: $218,200
- Median rent
- $1,160/moState: $1,062
- Homeowners
- 87.9%
- Bachelor's degree or higher
- 20.2%
- Average commute
- 28 min
Is North Salem a good place to live?
Pros: Home values 15% lower than the state median; unemployment of 2.1%; a poverty rate of 2.6%.
Cons: Median household income 5% lower than the Indiana median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in North Salem
Housing is the biggest part of the cost of living. In North Salem the median home value is $186,500, 44% lower than the U.S. median. Renters pay a median of $1,160 per month, which is 18.8% of household income. Homeowners with a mortgage pay $1,506 a month in housing costs.
North Salem median household income
The median household income in North Salem is $68,214 and the income per person is $27,416. 2.6% of residents live below the poverty line (Indiana: 12.3%).
Housing in North Salem: homes for sale and rent
- Housing units
- 277
- Owner-occupied
- 87.9%
- Renter-occupied
- 12.1%
- Vacant
- 10.5%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.99
North Salem demographics
- Population
- 741
- Median age
- 29.7
- Under 18
- 31.7%
- 65 and older
- 11.5%
- Households
- 248
- Foreign-born
- 1.3%
- Veterans
- 0.8%Adults 18+
Hispanic or Latino can be of any race. Population history of North Salem ›
Education in North Salem
20.2% of adults 25 and older in North Salem have a bachelor's degree or higher (Indiana: 29.5%), and 3.8% have a graduate or professional degree.
Jobs and commute in North Salem
- Unemployment rate
- 2.1%State: 4.3%
- Average commute
- 28 minState: 24 min
- Work from home
- 1.9%
- Drive alone
- 91.6%
- Public transit
- 0%
- Walk to work
- 2.2%
- Homes with broadband
- 92.3%
North Salem vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| North Salem | 741 | $68,214 | $186,500 | $1,160 |
| Jamestown | 1,107 | $71,048 | $176,300 | $907 |
| Lizton | 543 | $94,844 | $191,800 | $1,164 |
| Groveland | 209 | $88,255 | $255,700 | — |
| New Ross | 364 | $64,167 | $145,000 | $917 |
| Roachdale | 971 | $66,216 | $143,400 | $1,002 |
| Ladoga | 1,144 | $61,667 | $130,600 | $825 |
| Heritage Lake | 3,227 | $87,568 | $262,900 | — |
| Advance | 390 | $64,500 | $164,500 | $1,042 |
More for people moving to North Salem
North Salem ZIP code ›Weather and climate ›Living in North Salem: FAQ
What is the median household income in North Salem, IN?
The median household income in North Salem is $68,214, 5% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in North Salem?
The median home value in North Salem is $186,500, compared with $218,200 in Indiana.
How much is rent in North Salem?
The median gross rent in North Salem is $1,160 per month, about 18.8% of household income.
Is North Salem, IN a good place to live?
Pluses: home values 15% lower than the state median; unemployment of 2.1%; a poverty rate of 2.6%. Minuses: median household income 5% lower than the Indiana median; an average commute of 28 minutes.
What is the median age in North Salem?
The median age in North Salem is 29.7 years (Indiana: 38.1).
How long is the commute in North Salem?
The average commute to work in North Salem is 28 minutes; 1.9% of workers work from home.
What is the unemployment rate in North Salem?
The unemployment rate in North Salem is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is North Salem?
20.2% of adults in North Salem have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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