According to the most recent data on the cost of living, Salem has an overall cost of living index of 132 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 132.
The standard of living in Salem ranks as #5,329 most affordable out of the 6,418 places we measured in Massachusetts. By definition, that implies Salem ranks as the #1,090 most expensive place in the Bay State.
|Living Expense||Salem||Massachusetts||National Average|
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.
|City||Population||Cost Of Living||Vs. Salem||Lynn, MA||94,201||126||1.0x||Newton, MA||88,322||192||1.5x||Brookline, MA||59,223||191||1.4x||Revere, MA||53,400||134||1.0x||Peabody, MA||53,004||137||1.0x||Arlington, MA||45,379||162||1.2x||Beverly, MA||42,062||139||1.1x||Lexington, MA||33,304||190||1.4x||Saugus, MA||28,326||138||1.0x||Melrose, MA||28,054||145||1.1x|