Salem, VA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
93
Salem's Overall Cost Of Living
0.9x
Lower Than The National Average
28 out of 186
In Virginia
2,137 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, VA?

According to the most recent data on the cost of living, Salem has an overall cost of living index of 93 which is 0.9x lower than the national index of 100.

Compared to only Virginia, Salem has a cost of living index that's 0.9x lower than Virginia's index of 106.

The standard of living in Salem ranks as #2,137 most affordable out of the 6,418 places we measured in Virginia. By definition, that implies Salem ranks as the #4,282 most expensive place in the Old Dominion.

For more reading on life in Salem, check out:

Salem Cost Of Living Vs. Virginia

Living Expense Salem Virginia National Average
Overall 93 106 100
Services 89 99 100
Groceries 86 98 100
Health 102 98 100
Housing 91 131 100
Transportation 95 93 100
Utilities 99 96 100
For more reading on cost of living around Virginia, check out:
Salem Cost of Living Vs. VA

Salem, VA Housing Cost Breakdown

Housing swings affordability the most between places in Virginia, 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.

$200,000
Median Home Value
$926
Median Rent
$63,411
Median Income
Statistic Salem Virginia United States
Median Home Value $200,000 $282,800 $229,800
Median Rent $926 $1,257 $1,096
Median Income $63,411 $76,398 $64,994
Home Value To Income 3.2x 3.7x 3.5x
Rent To Monthly Income 0.18x 0.2x 0.2x

Detailed Salem Services Costs Vs. Virginia

Item Salem Virginia
Shampoo $0.89 $1.06
Movie $10.33 $10.68
Bowling $15.42 $14.67

Detailed Salem Groceries Costs Vs. Virginia

Item Salem Virginia
Ground Beef $3.44 $4.22
Fried Chicken $1.0 $1.39
Milk $1.78 $2.05

Detailed Salem Health Costs Vs. Virginia

Item Salem Virginia
Haircut $13.78 $18.62
Beauty Salon $32.1 $39.05
Toothpaste $1.74 $2.34

Detailed Salem Transportation Costs Vs. Virginia

Item Salem Virginia
Potatoes $2.84 $3.29
Pizza $9.76 $10.62
Beer $9.86 $9.38
Optometrist $92.0 $108.57
Doctor $102.48 $116.17
Dentist $116.0 $99.13

Detailed Salem Utilities Costs Vs. Virginia

Item Salem Virginia
Gasoline $2.08 $2.22
Tire Balancing $44.96 $50.07
All Electricity $168.56 $167.67
Phone $177.97 $175.64

Salem SnackAbility

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

Cost Of Living In Cities Around Salem

City Population Cost Of Living Vs. Salem
Roanoke, VA 99,122 87 0.9x
Lynchburg, VA 80,970 88 0.9x
Blacksburg, VA 44,395 107 1.2x
Cave Spring, VA 25,193 98 1.1x
Christiansburg, VA 22,482 94 1.0x
Radford, VA 17,833 91 1.0x
Hollins, VA 15,113 92 1.0x
Timberlake, VA 13,130 93 1.0x
Vinton, VA 8,102 85 0.9x
Lexington, VA 7,205 102 1.1x

Articles About Virginia

Enjoy The Snack?