Salem, IL, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Salem stands at 88, which is 12% below the national benchmark of 100. This makes Salem an attractive option for those seeking a more affordable lifestyle without significant sacrifices in quality of life.
Salem, IL, presents a cost of living that is notably lower than the nationwide average. The housing index in Salem stands at 83, which is 17% below the national average of 100. This suggests that housing expenses in Salem are more affordable, making it an attractive option for those looking to save on their living costs. The lower housing index can be particularly beneficial for renters and homeowners alike, as it provides a more budget-friendly environment.
Additionally, Salem's grocery index is 92, which is 8% below the national average. This indicates that grocery shopping in Salem is slightly cheaper than the average American city. The utilities index in Salem is 95, just 5% below the national average, showing minimal difference in utility costs. Transportation costs in Salem are also lower, with an index of 88, which is 12% below the national average. These lower costs in housing, groceries, and transportation collectively make Salem an economically favorable place for residents.
