Salem, IL, shows a lower cost of living compared to the nationwide average in most areas. Housing costs are 22% below the national average, making it more affordable for residents. Although other categories like groceries and utilities are close to or slightly above the average, the overall cost of living index of 88% suggests significant savings for those relocating to Salem.
Salem, Illinois, offers a cost of living that is notably lower than the nationwide average, making it an attractive option for many job seekers. The housing index in Salem is 78, which means housing costs are 22% lower than the national average. This significant difference can help potential residents stretch their housing budgets further.
When it comes to groceries, Salem has an index of 92, which is slightly above the nationwide average of 100. This indicates that grocery prices in Salem are about 2% lower than the national average. Utilities in Salem also tend to be slightly lower, with an index of 87, making them 13% cheaper. Transportation costs in Salem are at 85, which is 15% less expensive than the national average. Healthcare, however, shows a slightly higher cost, with an index of 95, indicating that healthcare expenses are 5% above the national average. Miscellaneous expenses in Salem stand at 90, reflecting a 10% increase compared to the national average. Overall, Salem presents a cost of living that is generally favorable for those looking to manage their expenses efficiently.
