Salem vs Richmond
| Salem | Richmond | |
|---|---|---|
| Population | 25,372 | 227,171 |
| Median Household Income | $66,725 | $64,587 |
| Median Home Value | $258,600 | $353,000 |
| Median Gross Rent | $1,133/mo | $1,372/mo |
| Homeownership Rate | 62.8% | 43.5% |
| Unemployment Rate | 3.6% | 5.7% |
| Bachelor's Degree or Higher | 33.0% | 45.6% |
| Median Age | 40.0 | 34.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.