Housing costs in Salem?
A typical home costs
$195,100, which is 42.3% less expensive than the national average of
$338,100 and 0.1% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Salem costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 16.3% cheaper than the state average of
$930.
Can I afford Salem?
To live comfortably in Salem (zip 52649), Iowa, a minimum annual income of
$37,440 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in 52649 Salem, IA is quite reasonable. The median home value is around $77,000, which is quite affordable for most families. The median household income is also relatively low at around $38,000 per year. Even with the lower incomes, there are still plenty of amenities in the area to make life enjoyable and comfortable. Groceries and other necessities are relatively affordable as well. Property taxes are low and there are no state income taxes. In short, 52649 Salem is a great place to live on a budget without sacrificing quality of life.