Salem, AR Cost of Living


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United States / Arkansas / No Metro Area / Fulton County / Salem / Zip Codes

Salem cost of living score
73.9
Less expensive
26.1% lower
than the US average
4.6% lower
than the Arkansas average
Salem, Arkansas gets a BestPlaces Cost of Living score of 73.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.1% lower than the U.S. average and 4.6% higher than the average for Arkansas.

Salem, AR

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.
   Cost of living score
     CategoriesSalemArkansasUnited States
  73.977.5100.0
  92.792.7100
  90.692.1100.0
  55.849.8100.0
  $195,600$181,800$338,100
  99.9%95.6%100.0%
  76.081.6100.0
  65.274.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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