Housing costs in Salem?
A typical home costs
$355,000, which is 5.0% more expensive than the national average of
$338,100 and 2.0% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Salem costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and 2.9% more than the state average of
$1,660.
Can I afford Salem?
To live comfortably in Salem, Connecticut, a minimum annual income of
$68,040 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, CT is relatively low compared to other cities in the Northeast. Prices for groceries, utilities, housing, and transportation are all generally lower than the US average. The median household income is about $50,000, while the median value of a home is around $127,000. This makes Salem an attractive option for those looking for affordable living with access to a variety of amenities and recreational activities. Additionally, since Salem is only a few miles from Hartford and New Haven it provides an ideal location for commuters who want to be close to city centers without paying urban prices.