Housing costs in Salem?
A typical home costs
$347,500, which is 2.8% more expensive than the national average of
$338,100 and 25.8% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Salem costs
$1,160 per month, which is 23.7% cheaper than the national average of
$1,520 and 7.8% cheaper than the state average of
$1,250.
Can I afford Salem?
To live comfortably in Salem (zip 97301), Oregon, a minimum annual income of
$66,600 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Salem?
The cost of living in 97301 Salem, OR is quite reasonable compared to other cities in the United States. The median home price is around $244,000, which is far below the national average of $217,000. The median rent is also affordable at approximately $1,400 per month. Additionally, utilities such as electricity and water are reasonably priced and public transportation is accessible throughout the city via bus and rail networks. Overall, living in Salem offers an affordable lifestyle that makes it a great place to live for families and individuals alike.