Housing costs in North Salem?
A typical home costs
$289,300, which is 14.4% less expensive than the national average of
$338,100 and 30.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in North Salem costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 2.0% more than the state average of
$980.
Can I afford North Salem?
To live comfortably in North Salem, Indiana, a minimum annual income of
$55,440 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about North Salem?
North Salem, IN is a small town with a relatively low cost of living. Housing costs are quite affordable, with the median home price lower than the national average and most rental options being very reasonable. Many basic amenities like groceries and healthcare are also reasonably priced. Taxes in this area tend to be on the lower end as well, providing some relief for residents who are looking to stretch their money further. Additionally, there are many local businesses in North Salem, making it easy to shop for goods and services without having to pay the often inflated prices of larger cities.