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 index8291100
Goods & Services index9899100
Groceries index9695100
Health care index9997100
Housing index4879100
Transportation index8787100
Utilities index99104100
A general summary of the cost of living index in Salem, MO is shown above. Compared to the state average of Missouri the cost of living index in Salem, MO is 82, which is 10% lower than the average in Missouri and compared to the national average it is 18% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Salem, MO goods and services come in at equal to the average in Missouri and are 2% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Salem is 10% lower than the Missouri average.
  • The cost of living in Salem is 18% lower than the national average.
  • The cost of housing in Salem is 52% lower than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower 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, MO 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, MO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Salem, MO 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)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Salem, MO, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Salem, MO homeowners have a median income of $36,331. Using that number, you will come up with a maximum of $848 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $17,604, which means there is a maximum of $411 to be spent on the costs of renting a home or apartment.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Salem, MO and want to know what the true cost of living is, they ought to look at both the Missouri income tax rate and the Missouri 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 Missouri, the sales tax is 4.225%, while the most you'll pay in surtax is 9.35%. 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 Missouri, the income tax rate ranges between 1.5% to 6%.

Goods & Services

ItemSalemNational avg.Difference
Haircut $13.50$14.597.5%
Beauty Salon $38.90$34.6812.2%
Toothpaste $2.72$2.4710.0%
Shampoo $0.91$1.0211.0%
Movie $9.25$9.876.3%
Bowling $4.38$4.390.3%


ItemSalemNational avg.Difference
Ground Beef $4.81$4.487.4%
Fried Chicken $1.29$1.4611.9%
Milk $2.88$2.3622.2%
Potatoes $2.32$3.0624.2%
Pizza $9.49$9.242.7%
Beer $8.24$8.634.6%

Health Care

ItemSalemNational avg.Difference
Optometrist $87.73$99.7812.1%
Doctor $100.67$105.034.2%
Dentist $86.70$88.702.3%
Ibuprofen $9.99$9.416.1%
Lipitor $307.99$298.503.2%


ItemSalemNational avg.Difference
Home Price $81,500.00$175,700.0053.6%
Avg. Mortgage Payment $853.58$1,081.0321.0%
Apartment Rent $479.00$920.0047.9%


ItemSalemNational avg.Difference
Gasoline $1.78$2.0914.7%
Tire Balancing $41.66$45.298.0%


ItemSalemNational avg.Difference
All Electricity$158.80$170.807.0%
Phone $30.61$28.268.3%
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.
Salem, MO4,97982-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Edenton, NC4,97999-1%
Osceola, IA4,98180-20%
Swartz, LA4,97788-12%
Providence Village, TX4,97511010%
Crystal Springs, MS4,98380-20%
Salem, MO4,97982-18%
Source: The Salem, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.