Housing costs in Salem?
A typical home costs
$214,600, which is 36.5% less expensive than the national average of
$338,100 and 48.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Salem costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 78.2% cheaper than the state average of
$1,960.
Can I afford Salem?
To live comfortably in Salem, New York, a minimum annual income of
$41,040 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Salem?
Salem, NY has a cost of living that is close to the national average. The overall cost of living index is about 95.7, meaning it is slightly lower than the national average. Housing prices in Salem are also affordable for many people, with the median home value being around $169,700 as of 2020 according to Zillow. Other expenses like food and transportation costs are relatively low in comparison to many other parts of the country, which makes it an attractive town for those looking to save money but still live comfortably.