Salem, WV Cost of Living


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Salem cost of living score
77.2
Less expensive
22.8% lower
than the US average
2.8% lower
than the West Virginia average
Salem, West Virginia gets a BestPlaces Cost of Living score of 77.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 22.8% lower than the U.S. average and 2.8% higher than the average for West Virginia.

Salem, WV

Housing costs in Salem?
A typical home costs $123,000, which is 63.6% less expensive than the national average of $338,100 and 12.0% less expensive than the average West Virginia home, at $139,700. Renting a two-bedroom unit in Salem costs $800 per month, which is 44.1% cheaper than the national average of $1,430 and 7.5% cheaper than the state average of $860.

Can I afford Salem?
To live comfortably in Salem, West Virginia, a minimum annual income of $23,400 for a family, and $26,400 for a single person is recommended.

What does A.I. say about Salem?
The cost of living in Salem, WV is rather low. The median home value and monthly rent costs are substantially lower than the national average, making it a great place to settle down for those looking to save money. The unemployment rate in Salem is also lower than the national average. This indicates that there are plenty of jobs available for those looking to work in the area. Additionally, local markets offer reasonable prices on groceries and other goods, making it a great place for people on a budget. All in all, Salem offers a comfortable lifestyle at an affordable price.
   Cost of living score
     CategoriesSalemWest VirginiaUnited States
  77.279.4100.0
  96.995.8100
  132.6127.0100.0
  21.739.3100.0
  $123,000$139,700$338,100
  86.2%85.9%100.0%
  76.690.1100.0
  104.685.1100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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