Zip 29676 (Salem, SC) Cost of Living


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Salem cost of living score
85.6
Less expensive
14.4% lower
than the US average
4.1% lower
than the South Carolina average
Salem (zip 29676), South Carolina gets a BestPlaces Cost of Living score of 85.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.4% lower than the U.S. average and 4.1% higher than the average for South Carolina.

Zip 29676 (Salem, SC)

Housing costs in Salem?
A typical home costs $482,900, which is 42.8% more expensive than the national average of $338,100 and 85.8% more expensive than the average South Carolina home, at $259,900. Renting a two-bedroom unit in Salem costs $1,020 per month, which is 8.1% cheaper than the national average of $1,110 and 17.6% more than the state average of $840.

Can I afford Salem?
To live comfortably in Salem (zip 29676), South Carolina, a minimum annual income of $92,520 for a family, and $31,200 for a single person is recommended.

What does A.I. say about Salem?
The cost of living in 29676 Salem, SC is fairly reasonable. According to Best Places, the median household income is $45,913 and the median home value is $87,500. These figures are below the US average for both categories. Additionally, food costs are 9% lower than the national average. Overall, 29676 Salem, SC offers a relatively affordable cost of living which makes it an attractive place to live for those on a budget.
   Cost of living score
     CategoriesSalemSouth CarolinaUnited States
  85.689.3100.0
  103.395.8100
  108.9102.7100.0
  124.676.6100.0
  $482,900$259,900$338,100
  102.7%103.9%100.0%
  85.286.8100.0
  86.976.3100.0

   100=National Average

   Average Rent by Bedroom Size
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