Located in the state of Virginia, Salem is a mid-sized city with a population of 25,290 people. The majority of Salem residents report their race to be White; this is followed by Black and Asian. If finding a family friendly city is important to you, look no further. With more than 72% of the population considered married and 66% with kids under the age of 18, Salem could be considered a very suitable city for families.
Living in Salem can be a good experience for anyone moving to the city. Having said that, in the state of Virginia, there are many incredible places to live, so choose wisely! The best areas in Salem and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, weather, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Virginia and national averages.
Salem, VA receives 82 out of 100 for its livability score; this results in a ranking of #22 in Virginia and #1,152 in the USA. This is a phenomenal score, as Salem ranks well in multiple categories! Salem is also ranked in the top 10 percentile of all cities across the USA. If we take a closer look at each of the categories individually, we see that Salem ranks well for amenities (A+), crime (A-), cost of living (B) and education (A+). On a less positive note, Salem does not have favorable scores for the following: housing (F). If we take a look at the data, we can find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Salem has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Salem has a violent crime rate of 70 crimes per 100,000 residents which is far lower than the national average.
The average school test scores in Salem are 85%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
Assuming that Salem meets all of your requirements, the next most important item to examine is the affordability of real estate in Salem. Everything else becomes a lot less important if it turns out that home prices in Salem are simply unattainable. The median home price for Salem homes is $173,800, which is 30% lower than the Virginia average. If we take a closer look at the affordability of homes in Salem, we’ll see that the home price to income ratio is 3.3, which is 13.2% lower than the Virginia average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Salem area were 6.5% and 5 year appreciation rates were 1.8%.