Salem, IL, shows a favorable cost of living compared to the nationwide average, which stands at 100. The city's overall cost of living index is 86, meaning residents save 14% on their expenses compared to the national average. Housing is the most affordable category in Salem, at 74, indicating a significant savings of 26% below the national index.
Salem's groceries and utilities both sit at 92, just 8% below the national average. Transportation costs are slightly lower at 88, saving residents 12%. Healthcare and miscellaneous costs are slightly higher at 94 and 85, respectively, but still under the national average. Overall, Salem offers a cost-effective living environment with notable savings in housing.
Salem, IL has a cost of living index that generally falls below the nationwide average of 100. In specific areas, residents experience both lower and higher costs. Housing in Salem is notably cheaper, with an index of 74, representing a 26% reduction compared to the national average. This suggests that expenses for rent or mortgage payments in Salem are substantially lower than those seen across the country.
Other areas in Salem also show variations from the national average. Groceries cost slightly less than the average, with an index of 92, meaning they are only 2% cheaper. Utilities, too, are close to the national average, with an index of 92, showing negligible difference. Transportation costs are also slightly lower, with an index of 88, making them 12% cheaper. Healthcare costs in Salem are relatively higher, with an index of 94, which is 4% above the average. Finally, miscellaneous expenses have an index of 85, indicating these are 15% less expensive than the national average. These data points provide a clear picture of where Salem residents might save or spend more compared to the national average.
