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EconPulse

Local economy signal dashboard

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PLACEThriving

Salem, IL

Thriving overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score78out of 100
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55
90
71
78
96

Population

7,236

Data freshness

Unknown

GDP / Output

+2.3% YoY

55

$1.8B

Output changed +2.3% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

90

2.4%

Unemployment is 2.4% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

+3.5% 5-year

71

7,236

Population moved +3.5% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

78

15.6%

Median rent consumes 15.6% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.6K per resident

96

$286.1M

$286.1M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$286.1M

$7.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$211.6M
2. Department of Veterans Affairs$25.5M
3. Railroad Retirement Board$19.2M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$8.7M
2. REDACTED DUE TO PII$8.1M
3. HOUSING AUTH OF COUNTY OF MARION$5.5M

Affordable

Housing Affordability

15.6%

of median income

1BR estimate$635
2BR estimate$836
Median income$59,728
Median home value$106,100

ACS context

Quick Facts

Population

7,236

Median age

39.1

Bachelor's degree+

15.6%

Poverty rate

16.3%

Labor force participation

60.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.7%

GDP CAGR

+5.7%

Federal flow

5 years

Population (5 years)
20206,988
20217,269
20227,228
20237,341
20247,236
GDP (5 years)
2020$1.3B
2021$1.4B
2022$1.6B
2023$1.7B
2024$1.8B

2-year linear forecast

Predictive Outlook

Population forecast

20247,236
20257,383 *
20267,440 *

R² = 45.5% · * projected

GDP forecast

2024$1.8B
2025$1.9B *
2026$2.0B *

R² = 96.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$59,728/yr
Median rent$774/mo
Rent share of income15.6%
Est. mortgage (30yr, 6.5%)$6,438/yr
Mortgage share of income10.8%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.4%
State avg5.1%
U.S. avg5.2%
Labor force participation60.5%
Poverty rate16.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$106,100
Median monthly rent$774
Price-to-rent ratio11.4x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateStrong
Composite score73/100
Economic growth55/100
Labor market90/100
Population momentum71/100
Overall stability78/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Salem city, Illinois

City/Town

Part of

Centralia, IL

Nearby locations

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