Salem, Massachusetts gets a BestPlaces Cost of Living index of 131.5, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 31.5 percent higher than the U.S. average and 3.1 percent lower than the average for Massachusetts.
A typical home costs $505,900, which is 49.6 percent more expensive than the national average of $338,100 and 9.2 percent less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Salem costs $2,190 per month, which is 53.1 percent more than the national average of $1,430 and 2.3 percent more than the state average of $2,140.
To live comfortably in Salem, Massachusetts, a minimum annual income of $96,840 for a family, and $71,600 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Salem is cheaper than the US average. A cost of living index above 100 means Salem, Massachusetts is more expensive.
Salem cost of living is 131.5