Housing costs in Salem?
A typical home costs
$483,800, which is 43.1% more expensive than the national average of
$338,100 and 86.1% more expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Salem costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 6.7% cheaper than the state average of
$1,110.
Can I afford Salem?
To live comfortably in Salem, South Carolina, a minimum annual income of
$92,520 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, SC is considerably lower than most other areas of the country. According to a recent study, the overall cost of living in Salem is 11% below the national average. Housing costs are especially low with an index score of 74.6%, which is significantly lower than the US average of 100%. This makes Salem an attractive option for those looking to save money while still having access to all the amenities that make a city great. In addition, food and transportation costs are also very reasonable making it possible for residents to stretch their dollars even further.