CostByCity

Cost of Living in Salem, OR

2024 data from the Bureau of Economic Analysis

Cost Index
103.6
3.6% above avg
Housing Index
110.3
Median Income
$72,154
Median Rent
$1,227/mo

Cost Breakdown

Overall103.6 (+3.6%)
Housing110.3 (+10.3%)
Goods105.3 (+5.3%)
Utilities104.7 (+4.7%)
Other Services100.3 (+0.3%)

National average = 100

Income & Housing

Median Household Income
$72,154/year
Median Home Value
$358,700
Median Monthly Rent
$1,227/mo
Per Capita Income
$34,631/year

Compare Salem, OR With

Salem, OR vs Olympia, WASalem, OR vs Bend, ORSalem, OR vs Chicago, ILSalem, OR vs Wenatchee, WASalem, OR vs Bellingham, WASalem, OR vs Ithaca, NYSalem, OR vs Phoenix, AZSalem, OR vs Corvallis, ORSalem, OR vs Fairbanks, AKSalem, OR vs Naples, FL

Frequently Asked Questions

Is Salem, OR expensive to live in?
Salem, OR has a cost of living index of 103.6, which is 3.6% above the national average.
How much does housing cost in Salem, OR?
Housing costs in Salem, OR are indexed at 110.3 compared to the national average of 100. The median monthly rent is $1,227.
What is the average income in Salem, OR?
The median household income in Salem, OR is $72,154 per year.
What is the average home price in Salem, OR?
The median home value in Salem, OR is $358,700.