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.
IndexSalemNorth CarolinaNational
Cost of living index8795100
IndexSalemNorth CarolinaNational
Goods & Services index100100100
Groceries index9799100
Health care index98105100
Housing index6487100
Transportation index9594100
Utilities index9197100

Did you know?

  • The cost of living in Salem is 8% lower than the North Carolina average.
  • The cost of living in Salem is 13% lower than the national average.
  • The cost of housing in Salem is 36% lower than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,000$4,583$1,283$1,650
Renters$22,000$1,833$513$660

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%

Goods & Services

ItemSalemNational avg.Difference
Haircut $15.67$15.560.7%
Beauty Salon $36.45$36.110.9%
Toothpaste $2.18$2.4712.0%
Shampoo $0.99$0.962.2%
Movie $10.67$10.135.4%
Bowling $5.00$4.745.6%

Groceries

ItemSalemNational avg.Difference
Ground Beef $4.40$3.9810.4%
Fried Chicken $1.25$1.4110.9%
Milk $1.74$2.0615.5%
Potatoes $3.17$2.986.3%
Pizza $11.41$9.4720.4%
Beer $8.84$8.790.5%

Health Care

ItemSalemNational avg.Difference
Optometrist $84.33$101.0416.5%
Doctor $87.51$107.4418.6%
Dentist $105.39$90.4216.6%
Ibuprofen $8.08$9.2813.0%
Lipitor $389.46$426.508.7%

Housing

ItemSalemNational avg.Difference
Home Price $112,600.00$175,700.0035.9%
Avg. Mortgage Payment $1,062.90$1,133.236.2%
Apartment Rent $595.00$920.0035.3%

Transportation

ItemSalemNational avg.Difference
Gasoline $1.97$1.991.1%
Tire Balancing $39.32$45.7614.1%

Utilities

ItemSalemNational avg.Difference
All Electricity$156.65$163.814.4%
Phone $24.49$28.3913.7%
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.
Casar, NC30682-18%
Belwood, NC1,04086-14%
Icard, NC3,19486-14%
Connelly Springs, NC1,64387-13%
Lenoir, NC18,06186-14%
Salem, NC2,34987-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodsfield, OH2,34983-17%
Day Heights, OH2,34997-3%
Ogdensburg, NJ2,34812020%
Brewster, NY2,35013030%
Gate City, VA2,34890-10%
Salem, NC2,34987-13%
Source: The Salem, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.