Environmental variability and the frequency of extreme events are predicted to increase in future climate scenarios; however, the role of fluctuations in shaping community composition, diversity and stability is not well understood. Identifying current patterns of association between measures of community stability and climatic means and variability will help elucidate the ways in which altered variability and mean conditions may change communities in the future. Salt marshes provide essential ecosystem services and are increasingly threatened by sea‐level rise, land‐use change, eutrophication and predator loss, yet the effects of temporal environmental variation on salt marshes remain unknown. We synthesized long‐term plant community monitoring data from 11 sites on both coasts of the United States. We used an information‐theoretic approach and linear models to determine the associations among long‐term mean conditions, interannual environmental variability, and plant community stability and diversity. We found that salt marsh community stability and diversity were more strongly related to long‐term means of temperature and precipitation than to interannual variation. Warm and wet environments had fewer species and less turnover among years. Our results suggest that communities in cool, dry environments may be more resilient to climate warming due to greater species richness and turnover. Mean conditions are sufficient to predict contemporary patterns of salt marsh plant community dynamics, but environmental variability may have stronger impacts as it increases with climate change.