Housing costs in Salem?
A typical home costs
$198,700, which is 41.2% less expensive than the national average of
$338,100 and 25.9% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Salem costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 2.2% cheaper than the state average of
$910.
Can I afford Salem?
To live comfortably in Salem, South Dakota, a minimum annual income of
$38,160 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, SD is relatively low compared to other areas of the country. While housing may be slightly more expensive than in nearby towns, the overall cost of living is still below the national average. The median household income for Salem citizens is $43,000. This ensures that even with rent or mortgage payments, basic necessities such as food and utilities are still affordable on a budget. In addition, there are many local businesses that provide goods and services at reasonable costs. Overall, Salem provides an excellent quality of life at a fraction of the cost found elsewhere in the United States.