North Salem, IN population, income and ZIP codes

North Salem town is a very small community in Indiana, with 602 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #470 of 976 ranked by population — larger than 51% of them. The median age here is 30.8 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in North Salem town earn a median of $61,563 a year, 21.6% below the national figure of $78,538 and within a couple of points of the $61,527 median for the 355 Indiana cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 2.8% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in North Salem town is valued at $172,700, 43.1% below the national figure and 19% above the $145,600 peer median, while median gross rent runs $1,550 a month, 10.2% above the national figure, or roughly $18,600 across a full year. A household on the local median income would put about 30.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is a stretch on median earnings. The home-price-to-income ratio works out to 2.8×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 94% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

North Salem town is the unusual combination of expensive to rent and cheap to buy: rent takes 30.2% of median income while homes cost only 2.8× it. Where that pattern shows up, the gap is normally down to down-payment and credit barriers rather than price. With 602 residents, a handful of survey responses moves every median on this page. Compare North Salem town against its county rather than against national figures.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.