Housing costs in Salem?
A typical home costs
$161,100, which is 52.4% less expensive than the national average of
$338,100 and 24.1% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Salem costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 26.7% cheaper than the state average of
$950.
Can I afford Salem?
To live comfortably in Salem (zip 65560), Missouri, a minimum annual income of
$30,960 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, MO (zip code 65560) is relatively low compared to other cities across the US. For example, the cost of housing is 17% lower than the national average and only 1.7% higher than the state average. Transportation costs are also relatively low with an overall index of 92.0. Grocery prices are 2.8% lower than the national average and 14% lower than both Missouri and Illinois averages. In addition, healthcare costs are 24% below the national average and 11% below the state average making it a great place for seniors to live comfortably on a fixed income.