Housing costs in Salem?
A typical home costs
$399,000, which is 18.0% more expensive than the national average of
$338,100 and 14.8% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Salem costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 19.7% cheaper than the state average of
$1,520.
Can I afford Salem?
To live comfortably in Salem, Oregon, a minimum annual income of
$76,320 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, OR is higher than the US average cost of living. In fact, Salem's cost of living is 102.4 - which is 2.4 points higher than the US average score of 100. This can be attributed to the high median house value in Salem ($399000) compared to the national median home value which stands at $338,100. Despite the higher cost of living, many citizens in Salem continue to find comfort and joy from residing in this wonderful city.