Salem cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8399100
Goods & Services index9798100
Groceries index10199100
Health care index101101100
Housing index4699100
Transportation index9297100
Utilities index114101100
Displayed above is a general overview of the Salem, IL cost of living index. The overall cost of living index in Salem, IL is 83, which is 16% lower than the Illinois average and 17% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Salem, IL are 2% lower than the Illinois average and 3% lower than the national average.

Did you know?

  • The cost of living in Salem is 16% lower than the Illinois average.
  • The cost of living in Salem is 17% lower than the national average.
  • The cost of housing in Salem is 54% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Salem, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Salem, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Salem, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Salem, IL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Salem, IL homeowners, the median income is $48,984. This indicates that a monthly maximum of $1,143 should be spent by homeowners on all housing related costs. Renters have a median income of $21,992. This indicates that renters should have a maximum of $513 used for their rent related monthly costs.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Salem, IL and want to know what the true cost of living is, they ought to look at both the Illinois income tax rate and the Illinois sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Illinois, the sales tax is 6.25%, while the most you'll pay in surtax is 9.75%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Illinois, the income tax rate ranges between 3.75% to 3.75%.

Goods & Services

ItemSalemNational avg.Difference
Haircut $16.17$14.5910.8%
Beauty Salon $34.85$34.680.5%
Toothpaste $2.47$2.470.1%
Shampoo $0.87$1.0214.9%
Movie $10.46$9.876.0%
Bowling $3.64$4.3917.1%


ItemSalemNational avg.Difference
Ground Beef $5.69$4.4827.1%
Fried Chicken $1.99$1.4635.9%
Milk $2.61$2.3610.7%
Potatoes $2.41$3.0621.3%
Pizza $8.39$9.249.2%
Beer $7.99$8.637.4%

Health Care

ItemSalemNational avg.Difference
Optometrist $83.00$99.7816.8%
Doctor $98.56$105.036.2%
Dentist $93.75$88.705.7%
Ibuprofen $10.71$9.4113.8%
Lipitor $306.38$298.502.6%


ItemSalemNational avg.Difference
Home Price $69,600.00$175,700.0060.4%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $554.00$920.0039.8%


ItemSalemNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%


ItemSalemNational avg.Difference
All Electricity$164.26$170.803.8%
Phone $39.44$28.2639.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Kell, IL21277-23%
Vernon, IL9977-23%
Alma, IL38278-22%
Junction City, IL50679-21%
Wamac, IL1,44079-21%
Salem, IL7,13583-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wetumpka, AL7,13692-8%
Delafield, WI7,13612222%
Independence, OH7,1361066%
Kingston, RI7,13613434%
Vandenberg Village, CA7,13312424%
Salem, IL7,13583-17%
Source: The Salem, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.