Housing costs in Salem?
A typical home costs
$159,200, which is 52.9% less expensive than the national average of
$338,100 and 18.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Salem costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 9.4% cheaper than the state average of
$930.
Can I afford Salem?
To live comfortably in Salem, Iowa, a minimum annual income of
$30,600 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Salem?
Salem, IA has a relatively low cost of living compared to other parts of the country. The median home cost in Salem is $123,400 which is well below the national average, making it an affordable place to live. Additionally, the cost of food and transportation are also quite low in comparison to other towns and cities throughout Iowa. With its low prices and convenient access to many city amenities, Salem makes for an excellent place to call home for those looking for an affordable lifestyle.