Salem, MA Cost Of Living

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Updated: 2020-03-08
131
Salem's Overall Cost Of Living
1.3x
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Salem is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Salem, MA?

According to the most recent data on the cost of living, Salem has an overall cost of living index of 131 which is 1.3x higher than the national index of 100.

Compared to only Massachusetts, Salem has a cost of living index that's 1.0x lower than Massachusetts's index of 131.

The standard of living in Salem ranks as #5304 most affordable out of the 6522 places we measured in Massachusetts. By definition, that implies Salem ranks as the #1102 most expensive place in the Bay State.

For more reading on life in Salem, check out:

Salem Cost Of Living Vs. Massachusetts

Living Expense Salem Massachusetts National Average
Overall 131 131 100
Services 130 122 100
Groceries 108 109 100
Health 118 121 100
Housing 155 165 100
Transportation 111 107 100
Utilities 115 114 100
For more reading on cost of living around Massachusetts, check out:
Salem Cost of Living Vs. MA

Salem, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$347,200
Median Home Value
$1,237
Median Rent
$65,565
Median Income
Statistic Salem Massachusetts United States
Median Home Value $347,200 $366,800 $204,900
Median Rent $1,237 $1,225 $1,023
Median Income $65,565 $77,378 $60,293
Home Value To Income 5.3x 4.7x 3.4x
Rent To Monthly Income 0.23x 0.19x 0.2x

Salem SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
4
Diversity
8.5
Safety
7
Amenities
9.5
Education
8.5
Commute
5

Cost Of Living In Cities Around Salem

City Population Cost Of Living Vs. Salem
Lynn, MA 93,617 124 0.9x
Newton, MA 88,660 190 1.5x
Brookline, MA 59,234 189 1.4x
Revere, MA 53,966 132 1.0x
Peabody, MA 52,865 135 1.0x
Arlington, MA 45,147 160 1.2x
Beverly, MA 41,731 138 1.1x
Lexington, MA 33,480 189 1.4x
Saugus, MA 28,158 135 1.0x
Melrose, MA 28,116 145 1.1x

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