Housing costs in Salem?
A typical home costs
$176,600, which is 47.8% less expensive than the national average of
$338,100 and 59.1% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Salem costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 30.5% cheaper than the state average of
$1,710.
Can I afford Salem?
To live comfortably in Salem, New Jersey, a minimum annual income of
$33,840 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, NJ is quite affordable compared to other metropolitan areas, making it a desirable location for those looking to save money. The median home value is around $100,000 and the median rent is around $850 per month. Groceries, healthcare and transportation costs are all on par with the national average. This makes living in Salem an attractive option for people who want to maintain their standard of living while saving some money from their paycheck. Additionally, there are plenty of job opportunities in Salem due to its close proximity to Philadelphia and other nearby cities.