Housing costs in Salem?
A typical home costs
$200,400, which is 40.7% less expensive than the national average of
$338,100 and 25.2% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Salem costs
$880 per month, which is 3.3% cheaper than the national average of
$910 and 8.0% cheaper than the state average of
$950.
Can I afford Salem?
To live comfortably in Salem (zip 57058), South Dakota, a minimum annual income of
$38,520 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Salem?
57058 Salem, SD is an affordable place to live. The cost of living in this area is very low, with the median home value sitting at around $90,000 and average rent payments coming in at just under $700 per month. The cost of groceries and other necessities is also relatively low, meaning that residents can make their money go further than they would in many other places. Additionally, there is no state income tax in South Dakota, making it even more attractive for those looking for a budget-friendly place to call home.