Housing costs in Salem?
A typical home costs
$513,800, which is 52.0% more expensive than the national average of
$338,100 and 22.0% more expensive than the average New Hampshire home, at
$421,300. Renting a two-bedroom unit in Salem costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and 9.0% more than the state average of
$1,520.
Can I afford Salem?
To live comfortably in Salem (zip 03079), New Hampshire, a minimum annual income of
$98,280 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in 03079 Salem, NH is generally quite affordable. According to BestPlaces's Cost of Living Index, it ranks 6% lower than the United States average. This means that basic goods and services are considerably cheaper here than in other parts of the country. The housing market is especially affordable, with median home prices at around $422,673 and monthly rent for a one-bedroom apartment averaging around $1,163. Groceries, health care and transportation are all considerably cheaper than the national average as well. When combined with a low unemployment rate and strong job market, Salem makes for an ideal place for those looking to move to an affordable community with plenty of opportunities.