Salem, Virginia gets a BestPlaces Cost of Living index of 85.1, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 14.9 percent lower than the U.S. average and 18.3 percent lower than the average for Virginia.
A typical home costs $260,300, which is 23.0 percent less expensive than the national average of $338,100 and 24.2 percent less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Salem costs $1,090 per month, which is 23.8 percent cheaper than the national average of $1,430 and 28.4 percent cheaper than the state average of $1,400.
To live comfortably in Salem, Virginia, a minimum annual income of $50,040 for a family, and $35,600 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, Virginia is more expensive.
Salem cost of living is 85.1