Housing costs in Salem?
A typical home costs
$241,600, which is 28.5% less expensive than the national average of
$338,100 and 29.6% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Salem costs
$1,110 per month, which is 20.7% cheaper than the national average of
$1,400 and 11.7% more than the state average of
$980.
Can I afford Salem?
To live comfortably in Salem (zip 24153), Virginia, a minimum annual income of
$46,440 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Salem?
Living in 24153 Salem, VA is relatively inexpensive compared to other parts of the country. According to BestPlaces's Cost of Living Index, 24153 Salem has a cost of living index score of 65.7, which is much lower than the national average score of 100. Rent prices are also very affordable with one bedroom apartments averaging $716 per month and three bedroom apartments averaging $1000 per month. Grocery and restaurant prices are quite reasonable as well, making 24153 Salem an ideal location for those looking for an economical place to live.