Salem, MA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
132
Salem's Overall Cost Of Living
1.3x
Higher Than The National Average
53 out of 113
In Massachusetts
5,326 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, MA?

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.

For more reading on life in Salem, check out:

Salem Cost Of Living Vs. Massachusetts

Living Expense Salem Massachusetts National Average
Overall 132 132 100
Services 125 119 100
Groceries 111 112 100
Health 122 123 100
Housing 153 164 100
Transportation 109 109 100
Utilities 121 116 100
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.

$379,400
Median Home Value
$1,325
Median Rent
$66,428
Median Income
Statistic Salem Massachusetts United States
Median Home Value $379,400 $398,800 $229,800
Median Rent $1,325 $1,336 $1,096
Median Income $66,428 $84,385 $64,994
Home Value To Income 5.7x 4.7x 3.5x
Rent To Monthly Income 0.24x 0.19x 0.2x

Detailed Salem Services Costs Vs. Massachusetts

Item Salem Massachusetts
Shampoo $1.0 $1.06
Movie $14.43 $10.68
Bowling $21.0 $14.67

Detailed Salem Groceries Costs Vs. Massachusetts

Item Salem Massachusetts
Ground Beef $3.74 $4.22
Fried Chicken $1.64 $1.39
Milk $2.27 $2.05

Detailed Salem Health Costs Vs. Massachusetts

Item Salem Massachusetts
Haircut $34.97 $18.62
Beauty Salon $64.17 $39.05
Toothpaste $2.3 $2.34

Detailed Salem Transportation Costs Vs. Massachusetts

Item Salem Massachusetts
Potatoes $4.02 $3.29
Pizza $11.16 $10.62
Beer $9.29 $9.38
Optometrist $102.75 $108.57
Doctor $194.0 $116.17
Dentist $108.27 $99.13

Detailed Salem Utilities Costs Vs. Massachusetts

Item Salem Massachusetts
Gasoline $2.19 $2.22
Tire Balancing $64.47 $50.07
All Electricity $233.87 $167.67
Phone $181.11 $175.64

Salem SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
4
Diversity
8.5
Safety
6
Amenities
9.5
Education
8.5
Commute
4

Cost Of Living In Cities Around Salem

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

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