Most Expensive Salem Neighborhoods
Salem is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 42,824 people and nine constituent neighborhoods, Salem is the 32nd largest community in Massachusetts. Salem has an unusually large stock of pre-World War II architecture, making it one of the older and more historic cities.
Housing costs in Salem are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Massachusetts.
Salem is a decidedly white-collar city, with fully 88.05% of the workforce employed in white-collar jobs, well above the national average. Overall, Salem is a city of professionals, sales and office workers and service providers. There are especially a lot of people living in Salem who work in office and administrative support (12.78%), sales jobs (10.56%) and management occupations (9.79%).
Of important note, Salem is also a city of artists. Salem has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Salem’s character.
Also of interest is that Salem has more people living here who work in computers and math than 95% of the places in the US.
Salem, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the city.
Salem is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Like elsewhere in America, most people in Salem use a private automobile to get to work. But notably, a substantial number of Salem‘s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there.
The population of Salem is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 38.08% of adults in Salem have a bachelor's degree or even advanced degree.
The per capita income in Salem in 2010 was $31,965, which is lower middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $127,860 for a family of four. However, Salem contains both very wealthy and poor people as well.
Salem is a somewhat ethnically-diverse city. The people who call Salem home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Salem residents report their race to be White, followed by Black or African-American. Salem also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.96% of the city’s residents. Important ancestries of people in Salem include Irish, Italian, English, French, Polish and German.
The most common language spoken in Salem is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||18,148|
|SALEM HOME OWNERSHIP|
|% OWNER OCCUPIED||46.97%|
|% RENTER OCCUPIED||53.03%|
|TYPE OF SALEM HOMES|
|SINGLE FAMILY DETACHED||24.82%|
|ROWHOUSES AND ATTACHED HOMES||8.49%|
|SMALL APARTMENT BUILDINGS||37.55%|
|COMPLEXES OR HIGH RISE APARTMENTS||28.97%|
|SIZE OF SALEM HOMES|
|5 OR MORE BEDROOMS||3.35%|
|AGE OF SALEM HOMES|
|NEWER HOMES (2000 OR LATER)||7.00%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||21.06%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||16.90%|
|HISTORIC (1939 OR BEFORE)||55.04%|
|SALEM REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$355,464|
|MEDIAN RENTAL PRICE||$1,278|
|HOME VALUE RANGE|
|$0 - $58,000||2.95%|
|$58,001 - $117,000||1.35%|
|$117,001 - $234,000||10.97%|
|$234,001 - $350,000||33.74%|
|$350,001 - $467,000||32.04%|
|$467,001 - $584,000||11.33%|
|$584,001 - $876,000||4.97%|
|$876,001 - $1,168,000||1.26%|
|PEOPLE OF SALEM||DETAILS|
|UNDER 5 YEARS||5.31%|
|5 TO 17||12.64%|
|18 TO 24||13.45%|
|25 TO 34||15.26%|
|35 TO 54||27.61%|
|55 TO 64||12.66%|
|65 YEARS AND OVER||13.07%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||90.23%|
|MEDIAN HOUSEHOLD INCOME||$59,044|
|PER CAPITA INCOME||$31,965|
|INDIVIDUALS BELOW POVERTY LEVEL||14.45%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (18.01%)
Professional, scientific, and technical services (7.88%)
Public Service (4.26%)
Information Technology (2.40%)
|BLACK OR AFRICAN AMERICAN||6.26%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.35%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||6.54%|
|TWO OR MORE RACES||4.19%|
|HISPANIC OR LATINO (OF ANY RACE)||15.96%|
|ETHNICITIES PRESENT||Irish (24.82%)
French Canadian (5.21%)
|LANGUAGES SPOKEN||English (76.70%)
Other Indo-European (1.49%)
African languages (1.01%)
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