Housing costs in Salem?
A typical home costs
$126,200, which is 62.7% less expensive than the national average of
$338,100 and 35.9% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Salem costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 24.1% cheaper than the state average of
$980.
Can I afford Salem?
To live comfortably in Salem O Metro Area, Ohio, a minimum annual income of
$24,120 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, OH Metro Area is significantly lower than the US average. It has a Cost of Living index of 72.8, which is 28.2 points lower than the US average of 100. This lower cost of living can be attributed to its house median value being $126,200 - much lower than the US average of $338,100 - thus making it an affordable place to live in comparison.