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Salem, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
25,618
Population
$66,725
Median Income
$258,600
Home Value
40.0
Median Age

Demographics

Salem has a population of 25,618 with a median age of 40.0. Here is the racial and ethnic breakdown of the population:

White
82.5%
Black
8.7%
Hispanic
4.8%
Asian
2.0%
Other
2.0%
Demographic Value
Total Population25,618
Median Age40.0
White82.5%
Black or African American8.7%
Asian2.0%
Hispanic or Latino4.8%
Other / Two or More Races2.0%
Salem, Virginia — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 82.5%Black: 8.7%Hispanic/Latino: 4.8%Asian: 2.0%Other: 2.0%25,618PopulationWhiteWhite82.5%BlackBlack8.7%Hispanic/LatinoHispanic/Latino4.8%AsianAsian2.0%OtherOther2.0%

Income & Economy

The median household income in Salem is $66,725, which is 17.2% below the national median of $80,610. The per capita income is $39,370. The poverty rate is 10.2%.

$66,725
Median Household Income
$39,370
Per Capita Income
10.2%
Poverty Rate

Employment

The unemployment rate in Salem is 2.9%, compared to the national rate of 4.1%.

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Education

In Salem, 94.2% of residents age 25+ have a high school diploma or higher, and 33.0% hold a bachelor's degree or higher (13.6% with a graduate or professional degree).

HS Diploma+
94.2%
Bachelor's+
33.0%
Graduate+
13.6%
Education Level % of Adults (25+)
High School Diploma or Higher94.2%
Bachelor's Degree or Higher33.0%
Graduate or Professional Degree13.6%

Housing

The median home value in Salem is $258,600, below the national median of $303,400. The median monthly rent is $1,133. The homeownership rate is 62.8%.

$258,600
Median Home Value
$1,133/mo
Median Rent
62.8%
Homeownership Rate
Housing Metric Value
Median Home Value$258,600
Median Monthly Rent$1,133
Homeownership Rate62.8%
Vacancy Rate7.7%

Salaries in Virginia

Explore salary data for popular occupations in Virginia:

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Other Cities in Virginia

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Frequently Asked Questions

What is the population of Salem, Virginia?
The population of Salem, Virginia is 25,618 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Salem, Virginia?
The median household income in Salem, Virginia is $66,725. This is 17.2% below the national median of $80,610.
What is the median home value in Salem, Virginia?
The median home value in Salem, Virginia is $258,600. The median monthly rent is $1,133.
What percentage of people in Salem have a college degree?
In Salem, Virginia, 33.0% of adults age 25 and older hold a bachelor's degree or higher, and 94.2% have a high school diploma or higher.
Is Salem, Virginia an affordable place to live?
The home price-to-income ratio in Salem, Virginia is 3.9x (median home value $258,600 vs. median income $66,725), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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