Cost of Living in Salem, OR

Population 176,666 · Oregon · Data vintage 2023

116
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Salem's cost indicators track within a reasonable band of national figures, with median household incomes near $71,900 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cost Overview

Housing 125
Rent 101

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Salem

The median home value in Salem is $382,400 — 25% above the national median of $305,000. Median rent runs $1,323/month, 1% higher than the national median of $1,314/month. The median household income of $71,900/year is 4% lower than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Oregon's top state income tax rate is 9.9% and the combined sales tax is 0.0%. The climate averages highs of 64.4°F and lows of 43.9°F. Overall, Salem has a cost of living index of 116 versus the US average of 100, meaning it is 16% more expensive.

🏠 Housing

Median Home Value
$382,400
25% above avg
Zillow Home Value
$432,341
Zillow ZHVI
Median Rent
$1,323/mo
1% above avg
Zillow Rent
$1,600/mo
Zillow ZORI
Price-to-Rent Ratio
24.1x
Favors renting
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$903
1 BR
$1,003
2 BR
$1,252
3 BR
$1,754
4 BR
$2,023
Owner-occupied 55.7%
Renter-occupied 44.3%

💰 Estimated Monthly Budget

Rent median rent
$1,323
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,937/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.7 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.0%

Commute Mode

Drove alone
68.4%
Carpooled
10.4%
Public transit
1.8%
Walked
3.0%
Bicycle
1.1%
Work from home
14.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.9%
Total Sales Tax 0.0%
State rate 0.0%
Avg local rate 0.0%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$71,900
4% below avg
Per Capita Income
$36,477
Unemployment Rate
5.3%
10% above avg
Poverty Rate
14.7%
Labor Force Participation
61.4%

🎓 Education

Bachelor's degree+ 19.3%
Graduate degree 12.2%

👥 Demographics

Median Age 35.7
Male median age 34.7
Female median age 36.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.4°F
Avg Low
43.9°F
Annual Precip
40.1"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485257626975848478655447
Low °F 363638414651555551443935
Precip" 6.084.544.353.122.251.250.250.391.463.475.956.97

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 38 — Good
73.4%
Good air days/yr
128
Max AQI recorded
235
PM2.5 days
130
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

80.8%
4-Year Graduation Rate
20.5:1
Student-teacher ratio
66
Public schools
42,129
Total enrollment

Frequently Asked Questions

What is the cost of living in Salem, OR?

Salem has a cost index of 116 (100 = national average). It is 16% above the national average.

What is average rent in Salem, OR?

The median gross rent in Salem is $1,323 per month based on 2023 Census data.

What is the average home price in Salem?

The median home value in Salem is $382,400 according to Zillow and Census data.

What is the median income in Salem?

The median household income in Salem is $71,900 per year (2023 ACS 5-year estimates).

What is the sales tax in Salem, OR?

The combined state and local sales tax rate in Salem is 0.0%. The Oregon state income tax top rate is 9.9%.

Is Salem, OR affordable?

Salem is above average in cost of living, with an index of 116 — about 16% higher than the national average.

What is the weather like in Salem?

Salem has average high temperatures of 64.4°F and average lows of 43.9°F. Annual precipitation is 40.1". Data from NOAA 1991–2020 Climate Normals.

Salem at a Glance

Population
176,666
Median Income
$71,900
Home Value
$382,400
Median Rent
$1,323/mo
Unemployment
5.3%
Avg High Temp
64.4°F
Sales Tax
0.0%
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🗺️ County data for Oregon

Explore county-level cost of living data

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