HomeNew JerseySalem CountySalem city
Salem city, New Jersey: commercial real estate data.
Salem city is a Census city of 5,322 people across 2.34 square miles of land, in Salem County. Median household income is $38,721, 34.7 percent of occupied homes are owned, and the SBA record carries 8 7(a) approvals to borrowers here worth $2.7 m.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Salem
What Salem is
- Census place typecity
- Land area2.34 sq mi
- Water area0.47 sq mi
- Population per square mile of land2,270
- County holding the largest share of its areaSalem County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
How many people live in Salem
- Population5,322
- Median age36.9
- Population under 181,452 plus or minus 356
- Share under 1827.3 percent plus or minus 6.7
- Population 65 and over980 plus or minus 204
- Share 65 and over18.4 percent plus or minus 3.8
- Households2,386
- Family households1,127
- Share of households that are families47.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
Income and work in Salem
- Median household income$38,721 plus or minus $16,001
- Per capita income$26,130
- Civilian labor force2,232
- Employed2,005
- Unemployed227 plus or minus 111
- Unemployment rate10.2 percent plus or minus 4.8
- Adults 25 and over3,585
- Adults 25 and over with a high school diploma or higher80.9 percent
- Adults 25 and over with a bachelor degree or higher15.0 percent plus or minus 4.6
- Adults 25 and over with a graduate degree4.1 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
Housing in Salem
- Housing units3,073
- Occupied units2,386
- Vacant units687
- Vacancy rate22.4 percent
- Owner occupied829 plus or minus 200
- Renter occupied1,557
- Ownership rate34.7 percent plus or minus 7.9
- Median owner-occupied home value$79,800 plus or minus $24,664
- Median gross rent, monthly$1,075
- Annual rent as a share of median income33.3 percent plus or minus 14.2
- Single family units1,798
- Share single family58.5 percent
- Units in buildings of two or more1,253 plus or minus 286
- Share in buildings of two or more40.8 percent plus or minus 8.9
- Mobile homes22 plus or minus 26
- Median year structure built1942
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
How Salem gets to work
- Workers 16 and over who commute1,858
- Commuting under 15 minutes344 plus or minus 151
- Share commuting under 15 minutes18.5 percent plus or minus 7.8
- Commuting 30 minutes or more835 plus or minus 256
- Share commuting 30 minutes or more44.9 percent plus or minus 12.5
- Drove alone63.3 percent
- Carpooled21.3 percent plus or minus 8.8
- Public transport4.9 percent plus or minus 3.4
- Walked0.3 percent plus or minus 0.4
- Worked from home8.5 percent plus or minus 5.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
SBA loans in Salem (7(a))
- Approvals8
- Gross approval$2,736,500
- Average approval$342,063
- Median approval$300,000
- Ninetieth percentile approval$950,000
- Largest approval$950,000
- Jobs supported40
- Jobs per approval5.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term192 months
- Share on real estate terms of 20 years or more25.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS7
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Salem County, not Salem
Salem County context, not Salem figures
These are Salem County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Salem measurements.
- Establishments in Salem County1,137
- Employment at those establishments, Salem County17,630
- Covered employment, Salem County21,587
- Average annual pay, Salem County$67,562
- Average weekly wage, Salem County$1,299
- Housing units permitted, Salem County64
- Of those, single family, Salem County64
- County product, 2024, Salem County$7,363,384,000
- County product change over the prior year, Salem County3.7 percent
- Average income of an arriving household, Salem County$63,058
Every figure in this section is published for Salem County as a whole and is not a measurement of Salem. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Salem questions, answered from the record.
How many people live in Salem, New Jersey?
5,322, in 2,386 households. Salem city covers 2.34 square miles of land, which is 2,270 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Salem in?
Salem County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Salem?
$38,721. The median owner-occupied home is valued at $79,800. Median gross rent is $1,075 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Salem businesses?
8 7(a) approvals totalling $2.7 m, across 4 lenders, median approval $300,000. These count approvals to borrowers whose address is in Salem, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Salem borrowers get paid back?
No rate is published for Salem. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Salem figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Salem County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Salem.
Is zoning published for Salem?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.