Housing costs in Salem?
A typical home costs
$119,000, which is 64.8% less expensive than the national average of
$338,100 and 14.8% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in Salem costs
$810 per month, which is 5.8% cheaper than the national average of
$860 and close to the state average of
$800.
Can I afford Salem?
To live comfortably in Salem (zip 26426), West Virginia, a minimum annual income of
$22,680 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in Salem, WV is quite low. According to Best Places, the overall cost of living index for the city is 81.2, which is 19.8% lower than the US average. In comparison to other cities in West Virginia, Salem has a much lower cost of living which can be an attractive feature for those looking to move to this area. Housing expenses are particularly affordable with average home prices estimated at around $81,500 and monthly rent costs as low as $735 on average. Generally speaking, groceries and utilities are also relatively inexpensive compared to most other places in the US. This makes Salem an ideal location for those looking for an affordable place to live or retire while still having access to all necessary amenities and services.