Housing costs in Salem?
A typical home costs
$450,500, which is 33.2% more expensive than the national average of
$338,100 and 3.8% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Salem costs
$1,600 per month, which is 5.3% more than the national average of
$1,520 and 21.9% more than the state average of
$1,250.
Can I afford Salem?
To live comfortably in Salem (zip 97304), Oregon, a minimum annual income of
$86,400 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in 97304 Salem, OR is fairly moderate compared to many other metro areas in the country. The median home price is $252,400 and the median rent for a one-bedroom apartment is $932. Utilities are reasonably priced, with average monthly costs being around $125 for electricity, $67 for internet, and $50 for water. Groceries are somewhat expensive when compared to other areas in Oregon, but overall the cost of living remains reasonable when compared to similar cities around the country.