Salem, IN Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
83
Salem's Overall Cost Of Living
0.8x
Lower Than The National Average
23 out of 124
In Indiana
491 out of 6,412
In America
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, IN?

According to the most recent data on the cost of living, Salem has an overall cost of living index of 83 which is 0.8x lower than the national index of 100.

Compared to only Indiana, Salem has a cost of living index that's 1.0x lower than Indiana's index of 86.

The standard of living in Salem ranks as #491 most affordable out of the 6,418 places we measured in Indiana. By definition, that implies Salem ranks as the #5,927 most expensive place in the Hoosier State.

For more reading on life in Salem, check out:

Salem Cost Of Living Vs. Indiana

Living Expense Salem Indiana National Average
Overall 83 86 100
Services 105 93 100
Groceries 93 93 100
Health 96 94 100
Housing 52 74 100
Transportation 103 95 100
Utilities 94 96 100
For more reading on cost of living around Indiana, check out:
Salem Cost of Living Vs. IN

Salem, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, 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.

$93,900
Median Home Value
$628
Median Rent
$38,065
Median Income
Statistic Salem Indiana United States
Median Home Value $93,900 $148,900 $229,800
Median Rent $628 $844 $1,096
Median Income $38,065 $58,235 $64,994
Home Value To Income 2.5x 2.6x 3.5x
Rent To Monthly Income 0.2x 0.17x 0.2x

Detailed Salem Services Costs Vs. Indiana

Item Salem Indiana
Shampoo $0.94 $1.06
Movie $12.1 $10.68
Bowling $18.55 $14.67

Detailed Salem Groceries Costs Vs. Indiana

Item Salem Indiana
Ground Beef $3.91 $4.22
Fried Chicken $1.09 $1.39
Milk $1.15 $2.05

Detailed Salem Health Costs Vs. Indiana

Item Salem Indiana
Haircut $15.0 $18.62
Beauty Salon $49.58 $39.05
Toothpaste $2.56 $2.34

Detailed Salem Transportation Costs Vs. Indiana

Item Salem Indiana
Potatoes $2.99 $3.29
Pizza $10.33 $10.62
Beer $8.99 $9.38
Optometrist $71.56 $108.57
Doctor $133.98 $116.17
Dentist $82.89 $99.13

Detailed Salem Utilities Costs Vs. Indiana

Item Salem Indiana
Gasoline $2.28 $2.22
Tire Balancing $51.83 $50.07
All Electricity $157.62 $167.67
Phone $180.81 $175.64

Salem SnackAbility

4
/10
Overall SnackAbility
Jobs
8/10
Housing
4
Affordability
8
Diversity
3
Safety
N/A
Amenities
8
Education
4
Commute
6

Cost Of Living In Cities Around Salem

City Population Cost Of Living Vs. Salem
Jeffersontown, KY 27,933 98 1.2x
St. Matthews, KY 18,022 100 1.2x
Middletown, KY 7,885 103 1.2x
Douglass Hills, KY 5,713 107 1.3x
Buckner, KY 5,640 120 1.4x
Crestwood, KY 5,034 108 1.3x

Articles About Indiana

Enjoy The Snack?