Cost of Living in Salem, OH

Housing

The housing market plays a significant role in determining the cost of living in Salem, OH.

• Housing Index: 85.0 / 100
• Median Home Price is: $100000
• Average Rent (2 BR Apartment): $960 per month
• Average Rent (2 BR House): $1024 per month

Considering a move to Salem, OH? With a population of and a median age of , the community offers a vibrant mix of residents. The median income stands at , which reflects a moderate economic landscape alongside a poverty level of . A notable 31% of families are married, suggesting a stable family-oriented environment. However, the unemployment rate is at , indicating a potential area of concern for job seekers. Ultimately, if stability and community are priorities, Salem may be an appealing choice.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Salem, OH.

• Electricity Price: 15.92 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $230 per month

Living in Salem, OH could entail higher utility costs. Electricity costs sit at 15.92, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 230 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $45380

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Salem, OH, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.