Banks vs Salem
| Banks | Salem | |
|---|---|---|
| Population | 2,047 | 175,754 |
| Median Household Income | $86,087 | $75,487 |
| Median Home Value | $446,800 | $416,900 |
| Median Gross Rent | $1,740/mo | $1,400/mo |
| Homeownership Rate | 72.6% | 55.9% |
| Unemployment Rate | 8.2% | 5.8% |
| Bachelor's Degree or Higher | 35.3% | 31.5% |
| Median Age | 34.3 | 36.0 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.