Housing costs in Salem?
A typical home costs
$414,500, which is 22.6% more expensive than the national average of
$338,100 and 11.5% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Salem costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 21.6% cheaper than the state average of
$1,520.
Can I afford Salem?
To live comfortably in Salem Ore Metro Area, Oregon, a minimum annual income of
$79,560 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in the Salem, OR Metro Area is 4.7% higher than the US average cost of living. This higher cost of living is also reflected in the median value of houses in this region - at $414,500 it is significantly higher than the national average house value of $338,100. While housing costs may be slightly more expensive than other areas, there are still many affordable options and the overall quality of life remains high throughout Salem and its surrounding metropolitan area.