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.
A general summary of the cost of living index in Salem, OR is shown above. Compared to the state average of Oregon the cost of living index in Salem, OR is 106, which is 7% lower than the average in Oregon and compared to the national average it is 6% higher 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, OR goods and services come in at equal to the average in Oregon and are 18% higher than compared to the nationwide average.
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The cost of living in Salem is 7% lower than the Oregon average.
The cost of living in Salem is 6% higher than the national average.
The cost of housing in Salem is 3% lower than the national average.
Oregon general sales tax is 100% lower than the national average.
Oregon state income tax is 125% higher than the national average.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is meant to help you compare your salary in Salem, OR 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, OR, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Salem, OR 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
Max Budget (28% DTI)
Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Salem, OR, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Salem, OR, the median monthly income is $67,949 for those who own their own homes. Under the standard rule, that income level would allow for $1,585 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,142, per the median income in the area. That would allow for renters to spend up to $750 on monthly rental expenses.
Oregon Sales Tax
General Sales Tax
With Max Surtax
Oregon Income Tax
Income Tax (Low)
Income Tax (High)
When you are determining the total cost of living in Salem, OR you will want to make sure you consider both the Oregon sales tax and the Oregon income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Oregon is 0%, with the highest surtax being 0%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Oregon have a range from 5% to 9.9%.
Goods & Services
Avg. Mortgage Payment
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.