Businesses for Sale | Salem, Massachusetts
Discover business opportunities, in or around Salem, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Salem, located in The Bay State had a total population of 44,597 people.
City Statistics and Other Information About Salem
Demographics
From a total population of 44,597, Salem has a median age of 37. The average age of males, in Salem, is 34 while the average age of females is 39. When you compare the median age of men and women in Salem, there is an average difference of 5.11 years.
Income
The median income of individuals, in Salem, is $52,884 while the average household income is $86,159. In 2029, the average income per capita for Salem is expected to be $52,884.
Additional Information
01970 - 01971Essex County
Is Salem the Best Location for Franchise Opportunities and Growth?
What is the average income in Salem?
The median household income in Salem is $86,159, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Salem an affordable place to start a franchise?
With a median income of $86,159, Salem presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Salem's income compare to other locations?
The median income of $86,159 in Salem is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Salem have a stable workforce to support my business?
Absolutely! With 13,241 employed individuals, Salem offers a solid labor force to support franchise growth.
Is Salem a growing economy?
With a workforce of 13,241 and a median household income of $86,159, Salem provides a stable economic environment for new business opportunities.
Does homeownership in Salem indicate a stable market?
Homeownership rates at 9,909 show a strong local investment in the community, which benefits long-term franchise success.
