Housing costs in Salem?
A typical home costs
$110,500, which is 67.3% less expensive than the national average of
$338,100 and 54.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Salem costs
$690 per month, which is 51.7% cheaper than the national average of
$1,430 and 82.6% cheaper than the state average of
$1,260.
Can I afford Salem?
To live comfortably in Salem (zip 62881), Illinois, a minimum annual income of
$21,240 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in 62881 Salem, IL is relatively low. According to BestPlaces, the cost of living index in Salem is at 73.99 which is lower than the US national average of 100. The cost of housing in Salem is cheaper than most places with the average price for a one-bedroom apartment being around $550 per month. Prices for groceries and other essential goods are also quite reasonable compared to other cities. Overall, living in 62881 Salem, IL can be quite affordable and enjoyable.