Salem County, NJ
FIPS: 34033
Median HAM
6.0x
Elevated
Jul 2023
Minimum HAM
10.4x
High
Jan 2026
HAM Burden
82%
High
Dec 2025
Not enough historical data to show a trend chart for this county.
Economic Profile
BEA GDP data (2024)
GDP Per Capita
$113,568
National avg: ~$82,000
Total GDP
$7.4B
Thousands of current $
Population
64,837
2020 Census
Top Industries by GDP
Utilities57.8%
Government and government enterprises6.3%
Retail trade3.9%
Health care and social assistance3.7%
Transportation and warehousing3.7%
Data Breakdown
Median HAM
Data as of Jul 2023
Median Home Price
$223,000
Census ACS
Gross Median Income
$46,634
Census ACS
Net Median Income
$36,890
Calculated
Median HAM
6.05x
Minimum HAM
Data as of Jan 2026
Median Home Price
$270,875
Redfin
Min Wage (Hourly)
$15.49/hr
State labor data
Net Min Wage Income
$26,100
Calculated
Minimum HAM
10.38x
HAM Burden
Data as of Dec 2025
Monthly Rent
$1,785
Zillow ZORI
Min Wage (Hourly)
$15.49/hr
State labor data
Monthly Net Min Wage
$2,175
Calculated
HAM Burden
82.1%
Methodology: HAM = Home Price / Net Annual Income. Net income assumes single filer, standard deduction, 2,080 hrs/yr for minimum wage. Federal + state tax + FICA deducted. Home price source priority: Zillow ZHVI > Redfin > Census ACS.