Housing costs in Salem?
A typical home costs
$286,000, which is 15.4% less expensive than the national average of
$338,100 and 17.2% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Salem costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 21.4% more than the state average of
$1,030.
Can I afford Salem?
To live comfortably in Salem (zip 53168), Wisconsin, a minimum annual income of
$54,720 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Salem?
53168 Salem, WI has an affordable cost of living compared to the national average. The overall cost of living index for this area is 91.4, which is lower than the U.S. average of 100. This means that goods and services are typically 9% cheaper in this area than the national average. Housing prices are also well below the national average, with a median listing price of $184,000 for homes and a median rent value of $1,100 per month. Transportation costs are also relatively low due to close proximity to major highways and access to public transportation options such as bus routes and train lines. In addition, grocery costs are significantly lower than the national average, with a grocery bill for two people estimated at just over $80 per week. All these factors combined make 53168 Salem an attractive place to live for those looking for an affordable yet vibrant lifestyle.