Town25,346 people

Salem, VA

Discover how far your salary goes in Salem. Compare taxes, rent, and living costs.

Cost Index
136
📈 Above Average
Population

25,346

State Tax

5.8%

1BR Rent

$1,596

/month

vs National

+14%

above avg

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Rent Prices in Salem

🏠

Studio

$1,277

/month

$15,324/year

Most Common
🛏️

1 Bedroom

$1,596

/month

$19,152/year

🏡

2 Bedroom

$2,155

/month

$25,860/year

🏘️

3 Bedroom

$2,793

/month

$33,516/year

Taxes in Virginia

State Income Tax

Virginia

5.8%

For a $100k salary, that's ~$5,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Salem, VA?

Salem has a cost of living index of 136, which is 36% above the national average. A 1-bedroom apartment costs around $1,596/month.

What is the state income tax in Virginia?

Virginia has a state income tax rate of approximately 5.8%. This is in addition to federal income tax.

How much is rent in Salem?

The median rent for a 1-bedroom apartment in Salem is $1,596/month. For a 2-bedroom, expect to pay around $2,155/month. This is 14% above the national average.

Is Salem a good place to live?

Salem is a town with a population of 25,346. The cost of living is above average, making it more expensive than average for the US.

See the complete picture for Salem

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