Salem is a city in West Virginia state in USA with a population of 1714 residents.. The poverty rate of Salem is 21.1%, which is 51% higher than national average. The typical household in Salem earns $40707 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 21 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 63.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Salem, only 85% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Salem remained 6%, which is 28% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Salem, only 21% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Salem is 0, which is 100% lower than national average. Median home value in Salem is $67600 , which is 71% lower than national average. While median income in Salem remained $40707, which is 40% lower than national average.