Salem, OR Cost Of Living
Cost Of Living In Salem, OR Summary
Cost of living in Salem research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Salem is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oregon, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Salem is 112, with 100 being the average.
The cost of living index in Salem is 1.1x higher than the national average.
Salem ranks as the #45 cheapest in Oregon out of 98.
Salem ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Salem is $289,500.
The median income in Salem is $62,185.
Table Of Contents
Salem's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Salem, OR?
According to the most recent data on the cost of living, Salem has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Oregon, Salem has a cost of living index that's 1.0x lower than Oregon's index of 116.
The standard of living in Salem ranks as #45 most affordable out of the 98 places we measured in Oregon. By definition, that implies Salem ranks as the #53 most expensive place in the Beaver State.
For more reading on life in Salem, check out:
- Living In Salem
- Salem Crime Report
- Search Homes For Sale In Salem, OR
In Oregon
In America
Salem Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Salem. Here is how it fairs on each of the criteria:
The Services index in Salem is 120.
The Groceries index in Salem is 112.
The Health index in Salem is 117.
The Housing index in Salem is 96.
The Transportation index in Salem is 129.
The Utilities index in Salem is 87.
| Living Expense | Salem | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 112 | 116 | 100 | |
| Services | 120 | 106 | 100 | |
| Groceries | 112 | 107 | 100 | |
| Health | 117 | 103 | 100 | |
| Housing | 96 | 140 | 100 | |
| Transportation | 129 | 117 | 100 | |
| Utilities | 87 | 97 | 100 | |
Salem, OR Housing Cost Breakdown
Housing swings affordability the most between places in Oregon, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Salem is $289,500.
The Median Rent in Salem is $1,125.
The Median Income in Salem is $62,185.
The Home Value To Income in Salem is 4.7x.
The Rent To Monthly Income in Salem is 0.22x.
| Statistic | Salem | Oregon | United States |
|---|---|---|---|
| Median Home Value | $289,500 | $362,200 | $244,900 |
| Median Rent | $1,125 | $1,250 | $1,163 |
| Median Income | $62,185 | $70,084 | $69,021 |
| Home Value To Income | 4.7x | 5.2x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Salem, OR Costs By Category
Detailed Salem Services Costs Vs. Oregon
Detailed Salem Groceries Costs Vs. Oregon
Detailed Salem Health Costs Vs. Oregon
Detailed Salem Transportation Costs Vs. Oregon
Detailed Salem Utilities Costs Vs. Oregon
Salem SnackAbility
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Cost Of Living In Cities Around Salem
The cost of living varies in the cities and towns around Salem. Here's a quick look at the cost of living in the most populous nearby places:
Keizer, OR has a cost of living index of 114, 1.0x Salem.
Woodburn, OR has a cost of living index of 107, 1.0x Salem.
Hayesville, OR has a cost of living index of 104, 0.9x Salem.
| City | Population | Cost Of Living | Vs. Salem |
|---|---|---|---|
| Keizer, OR | 39,119 | 114 | 1.0x |
| Woodburn, OR | 25,877 | 107 | 1.0x |
| Hayesville, OR | 21,887 | 104 | 0.9x |
| Dallas, OR | 16,663 | 110 | 1.0x |
| Four Corners, OR | 16,608 | 107 | 1.0x |
| Monmouth, OR | 10,735 | 111 | 1.0x |
| Silverton, OR | 10,402 | 116 | 1.0x |
| Independence, OR | 9,850 | 107 | 1.0x |
| Stayton, OR | 8,199 | 112 | 1.0x |
