Indiana · Census place 55080
North Salem town, IN
Quick answer
North Salem town has 602 residents, ranking #470 of 976 places in Indiana. Median household income is $61,563, the median home is worth $172,700 and median gross rent runs $1,550 a month.
- Population
- 602North Salem town residents
- Median household income
- $61,563Past 12 months, inflation adjusted
- Median home value
- $172,700Owner-occupied units
- Median gross rent
- $1,550Rent plus utilities, monthly
- Median age
- 30.8 yrsAll residents
- Homeownership rate
- 94%Owner-occupied households
What the numbers mean in North Salem town
Housing cost measured against local earnings.
A household earning the North Salem town median would spend about 30.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.8% of residents and 94% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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