Salem, NC Cost of Living


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Salem cost of living score
84.8
Less expensive
15.2% lower
than the US average
6.8% lower
than the North Carolina average
Salem, North Carolina gets a BestPlaces Cost of Living score of 84.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.2% lower than the U.S. average and 6.8% higher than the average for North Carolina.

Salem, NC

Housing costs in Salem?
A typical home costs $145,500, which is 57.0% less expensive than the national average of $338,100 and 49.7% less expensive than the average North Carolina home, at $289,300. Renting a two-bedroom unit in Salem costs $1,290 per month, which is 9.8% cheaper than the national average of $1,430 and 14.0% more than the state average of $1,110.

Can I afford Salem?
To live comfortably in Salem, North Carolina, a minimum annual income of $27,720 for a family, and $42,400 for a single person is recommended.

What does A.I. say about Salem?
The cost of living in Salem, NC is very affordable. The median home value is about $148,000 which is slightly lower than the national average. Utilities are also relatively affordable and prices for food, clothing, and other necessities are typically lower than the national average. Additionally, with no state income tax, wages tend to go further in Salem, NC. All in all, Salem offers a great quality of life at an affordable price tag.
   Cost of living score
     CategoriesSalemNorth CarolinaUnited States
  84.891.0100.0
  95.196.5100
  127.0107.2100.0
  44.183.1100.0
  $145,500$289,300$338,100
  96.6%99.2%100.0%
  82.683.9100.0
  82.389.2100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Salem, NC cost of living
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