ZIP Code 62881 -- Salem, IL

Marion | 2024 American Community Survey Data

Key Insights

  • With a price-to-income ratio of 1.6x, housing here is relatively affordable compared to the recommended 3-5x benchmark.

Quick Overview

Population
11,078
Unknown
Median Income
$71,270
Home Value
$115,200
Median Rent
$778
Median Age
42.90
Diversity Index
14.30
Very Low
Cost of Living
50.6
significantly below average
Unemployment
2.6%

About ZIP Code 62881

ZIP code 62881 in Salem, Illinois is a unknown area with a population of 11,078. The median household income is $71,270, which is This is 5% below the national median of $75,000.. The median home value is $115,200, representing a price-to-income ratio of 1.6x . The cost of living is significantly below average with an index of 50.6 (the national average is 100). Residents have a median age of 42.90 years. Approximately 17.8% of adults hold a bachelor's degree or higher. This ZIP code is located in Marion, IL.

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Population & Age

Total Population
11,078
Median Age
42.90
Male Population
5,435
49.1%
Female Population
5,643
50.9%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
14.30 Very Low
White
92.9%
Black or African American
1.8%
Hispanic or Latino
0.5%
Asian
0.9%
Native American
0.0%
Pacific Islander
0.0%
Two or More Races
2.9%
Other Race
1.4%

Racial Composition

Income & Economy

Median Household Income
$71,270
Mean Household Income
$90,133
Per Capita Income
$39,042
Below Poverty Line
11.8%

This is 5% below the national median of $75,000.

Income Distribution

See richest ZIP codes in Illinois →

Housing

Median Home Value
$115,200
Median Rent
$778
Total Housing Units
5,095
Occupied Units
4,724
Vacant Units
371
7.3% vacancy
Median Year Built
1974
Owner Occupied
73.5%
Renter Occupied
26.5%
Price-to-Income Ratio 1.6x

Affordable housing market

Ownership vs Rental

Owner 73.5% Renter 26.5%

Education

High School Diploma or Higher 92.7%
Bachelor's Degree or Higher 17.8%
Graduate or Professional Degree 5.2%
See most educated ZIP codes →

Employment & Commuting

Civilian Labor Force
5,593
Employment Rate
97.4%
Unemployment Rate
2.6%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
83.4%
Carpool
10.2%
Public Transit
0.2%
Work from Home
4.5%

Cost of Living Index

50.6
significantly below average

The cost of living in ZIP code 62881 is 49.4% below the national average of 100.

0 National Avg (100) 200

Compare 62881 with:

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Compare 62881 with Another ZIP Code

Nearby ZIP Codes

62801
Centralia, IL
1.0 mi
Pop: 19,827 Income: $52,017
62870
Odin, IL
1.6 mi
Pop: 2,281 Income: $59,821
62882
Sandoval, IL
3.3 mi
Pop: 2,057 Income: $55,582
62854
Kinmundy, IL
3.5 mi
Pop: 1,827 Income: $63,587
62875
Patoka, IL
4.0 mi
Pop: 1,039 Income: $73,333
62853
Kell, IL
5.1 mi
Pop: 969 Income: $60,721
62893
Walnut hill, IL
7.1 mi
Pop: 926 Income: $59,063
62807
Alma, IL
8.3 mi
Pop: 767 Income: $82,321
62849
Iuka, IL
9.5 mi
Pop: 1,887 Income: $60,789
62892
Vernon, IL
10.6 mi
Pop: 150 Income: $75,417
62889
Texico, IL
15.8 mi
Pop: 1,066 Income: $70,364
62880
Saint peter, IL
16.8 mi
Pop: 658 Income: $61,667

Other ZIP Codes in Marion

ZIP Code City Population Median Income
62801 Centralia 19,827 $52,017
62870 Odin 2,281 $59,821
62882 Sandoval 2,057 $55,582
62849 Iuka 1,887 $60,789
62854 Kinmundy 1,827 $63,587
62875 Patoka 1,039 $73,333

Frequently Asked Questions about ZIP Code 62881

ZIP code 62881 (Salem, IL) has a total population of 11,078 according to the 2024 American Community Survey. The median age is 42.90 years.

The median household income in ZIP code 62881 is $71,270 per year, based on 2024 Census Bureau data. This is 5% below the national median of $75,000.

ZIP code 62881 is primarily located in Salem, Illinois (IL). It falls within Marion County.

The median home value in ZIP code 62881 is $115,200, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $778.

The median age in ZIP code 62881 is 42.90 years, compared to the national median of 38.9 years. This makes the area older than the national average.

ZIP code 62881 has a cost of living index of 50.62 (national average = 100). This means the cost of living is significantly below average compared to the national average.

In ZIP code 62881, 17.76% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 5.16% hold a graduate or professional degree.

The unemployment rate in ZIP code 62881 is 2.57%, which is below the national average of 3.6%. About 4.45% of workers work from home.

Explore More

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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.