Housing costs in Salem?
A typical home costs
$195,600, which is 42.1% less expensive than the national average of
$338,100 and 7.6% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Salem costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 20.0% cheaper than the state average of
$840.
Can I afford Salem?
To live comfortably in Salem, Arkansas, a minimum annual income of
$37,440 for a family, and
$21,200 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, AR is quite affordable. The median home price is $90,000, which is much lower than the national average. Renting an apartment generally costs around $590 per month for a two-bedroom unit. Utilities are also relatively inexpensive, and residents can expect to pay about $135 per month for electricity, water and garbage service. Groceries are similarly affordable with prices for basic items like milk and bread being around 10-20% lower than the national average. With its low cost of living and access to great outdoor activities, Salem is a great place to live on a budget.