Housing costs in Salem?
A typical home costs
$517,600, which is 53.1% more expensive than the national average of
$338,100 and 22.9% more expensive than the average New Hampshire home, at
$421,300. Renting a two-bedroom unit in Salem costs
$1,620 per month, which is 13.3% more than the national average of
$1,430 and 6.2% more than the state average of
$1,520.
Can I afford Salem?
To live comfortably in Salem, New Hampshire, a minimum annual income of
$99,000 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, NH is relatively affordable. According to BestPlaces, the cost of living index in Salem is at 78.78, which is slightly lower than the national average of 100. This includes the costs for groceries, housing, utilities, and transportation. Housing in particular is very affordable with an average rent for a one-bedroom apartment coming in at around $1,200 per month while purchasing a home will cost on average about $300,000. Utilities are also quite reasonable with electricity costing about $150 per month and natural gas costing about $50 per month. Groceries are similarly priced to the national average and transportation costs are comparable to other cities in New England.