Town of Salem — Financial Data

2,612 Population FY 2024

$755 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$180 Part-Town Per Capita Spending Outside villages only FY 2016

3.8% Debt Service FY 2024

3.3 Fiscal Stress FY 2024

23.3 Env. Stress FY 2024

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

12.9% Poverty Rate 2023

30.9% Bachelor's+ Rate 2023

10.4% Unemployment Rate 2023

71.2% Homeownership Rate 2023

Median Household Income

$81,875 (2023)

2010 2023

Per Capita Income

$42,285 (2023)

2010 2023

Median Home Value

$178,800 (2023)

2010 2023

Median Gross Rent

$890 (2023)

2010 2023

Median Age

47.2 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2024

Fiscal Health

Debt Outstanding

$1,248,000 (2024)

2011 2024

Full Value of Taxable Property

$294,798,405 (2024)

2011 2024

Debt Service

$172,386 (2024)

1995 2024

Debt Service %

3.8% (2024)

1995 2024

Town-Wide Per Capita Spending

$755 (2024)

2010 2024

Part-Town Per Capita Spending

$177 (2016)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

3.3 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

23.3 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$2,899,606 (2024)

1995 2024

State Aid

$1,041,438 (2024)

1995 2024

Use And Sale Of Property

$233,141 (2024)

1995 2024

Sales And Use Tax

$177,438 (2024)

1997 2024

Charges For Services

$156,213 (2024)

1995 2024

Top Expenditures

Transportation

$2,866,038 (2024)

1995 2024

General Government

$522,610 (2024)

1995 2024

Employee Benefits

$301,726 (2024)

1995 2024

Public Safety

$282,641 (2024)

1995 2024

Culture And Recreation

$220,170 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Salem OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Salem OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Salem FSMS Report 2024	FSMS_MONITORING
2023	Town of Salem Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Salem OSC Annual Financial Report 2023	OSC_TOWN_CSV_AFR

View all 84 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 530373800000

School Details

Not applicable for this entity type.