Cost of Living in Salem, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
63.2
100 = national avg
-36.8 vs national average
Living Wage (1 Adult)
$27,801
per year
Living Wage (Family of 4)
$65,711
per year
Cost Index by Category
Housing55.2
Food77.3
Transportation54.5
Healthcare81.8
Utilities77.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$746
per month
2 Bedroom
$880
per month
The overall cost of living index in Salem is 63.2, which is 36.8% below the national average. Housing costs are below the national average at an index of 55.2. A single adult needs to earn approximately $27,801 per year to cover basic expenses.