Housing costs in Salem?
A typical home costs
$404,800, which is 19.7% more expensive than the national average of
$338,100 and 13.6% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Salem costs
$1,200 per month, which is 21.1% cheaper than the national average of
$1,520 and 4.2% cheaper than the state average of
$1,250.
Can I afford Salem?
To live comfortably in Salem (zip 97302), Oregon, a minimum annual income of
$77,400 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in 97302 Salem, OR is relatively high compared to the rest of the United States. According to BestPlaces.net, the average cost of living index in 97302 is 116.7, which means it is 16.7% higher than the U.S. average of 100. This means that basic necessities such as groceries, healthcare and transportation are more expensive in 97302 when compared to other parts of the country. In addition to this, housing prices tend to be higher than the national average due to its close proximity to Portland and other larger cities in Oregon. For those looking for affordable housing options outside of the downtown area, there are still plenty of neighborhoods with reasonable property values located throughout 97302 Salem, OR.