Housing costs in Salem?
A typical home costs
$89,200, which is 73.6% less expensive than the national average of
$338,100 and 54.1% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Salem costs
$650 per month, which is 29.3% cheaper than the national average of
$920 and 30.8% cheaper than the state average of
$850.
Can I afford Salem?
To live comfortably in Salem (zip 42078), Kentucky, a minimum annual income of
$16,920 for a family, and
$20,400 for a single person is recommended.
What does A.I. say about Salem?
42078 Salem, KY is a relatively affordable place to live. According to BestPlaces's cost of living index, the average cost of living in 42078 Salem, KY is 10% lower than the national average. The cost of consumer items such as groceries and clothing are also lower than most other places in the country. With a low median housing cost and low crime rate, it makes for an attractive place to live. On top of this, many of the stores and attractions are situated close together meaning you can enjoy everything downtown has to offer without having to drive far or pay high prices. All in all, 42078 Salem, KY is an ideal spot for anyone looking for a great lifestyle on a budget.