North Salem, IN
Population 602 · Indiana
About North Salem, IN
North Salem is a small community located in Indiana with a population of 602 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,563 per year, which is 18% below the national median of $75,149. The median age of 30.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in North Salem features a median home value of $172,700, which is 29% below the national median of $244,900. This positions North Salem in a moderately priced market relative to the rest of the country. Median monthly rent is $1,550, 33% above the national average of $1,163/month. Of the 226 total housing units, 94% are owner-occupied (189 units) and 6% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in North Salem shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in North Salem have an average one-way commute time of 29 minutes.
Education & Demographics
21.6% of North Salem residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in North Salem, IN
Compared to national averages, North Salem has a median household income of $61,563 (18% below the national median of $75,149). Home values average $172,700, which is 29% below the national median. Monthly rent at $1,550 is 33% above the US average of $1,163. Within Indiana, North Salem's income is 11% below the state average of $69,330, and home values are 6% above the state median of $163,409.
Why Live in North Salem, IN?
North Salem offers affordable housing with a median home value of $172,700, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.2%, and a low poverty rate of 2.8%, better than the national average.
Potential considerations include median household income ($61,563) that falls below the national average. However, North Salem’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
North Salem has a population of 602 with a median age of 30.8 years. Compare North Salem with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near North Salem
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Perrysville | 601 | $77,500 | $95,000 | Compare |
| St. Meinrad | 604 | $52,054 | $203,800 | Compare |
| Beverly Shores | 597 | $118,750 | $581,900 | Compare |
| West Baden Springs | 608 | $38,750 | $120,500 | Compare |
| Carlisle | 610 | $52,143 | $59,500 | Compare |
| Rocky Ripple | 611 | $64,911 | $181,500 | Compare |
| Knightsville | 612 | $50,096 | $106,000 | Compare |
| Pleasant View | 590 | $0 | $277,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare North Salem With Other Cities
Frequently Asked Questions about North Salem
What is the population of North Salem, IN?
The population of North Salem, IN is 602 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in North Salem?
The median household income in North Salem, IN is $61,563 per year, which is 18% below the national median of $75,149.
What is the median home value in North Salem?
The median home value in North Salem, IN is $172,700, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in North Salem?
The median monthly rent in North Salem, IN is $1,550, which is 33% above the national average of $1,163/month.
What is the unemployment rate in North Salem?
The unemployment rate in North Salem, IN is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is North Salem, IN a good place to live?
North Salem offers a moderate cost of living, affordable housing, and a strong job market. With a population of 602 and a median age of 30.8, the city appeals to young professionals and families.
How educated is North Salem, IN?
21.6% of residents in North Salem aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in North Salem?
Key cost-of-living indicators for North Salem, IN: median home value is $172,700 (29% below national), median rent is $1,550/month, and median household income is $61,563. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in North Salem?
The poverty rate in North Salem, IN is 2.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is North Salem, IN?
North Salem's population is 4.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.0% of residents are foreign-born.