Cost of Living in Salem, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.6
100 = national avg
-15.4 vs national average
Living Wage (1 Adult)
$37,211
per year
Living Wage (Family of 4)
$87,953
per year
Cost Index by Category
Housing73.6
Food93.6
Transportation87.3
Healthcare94.9
Utilities90.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$769
per month
2 Bedroom
$916
per month
The overall cost of living index in Salem is 84.6, which is 15.4% below the national average. Housing costs are below the national average at an index of 73.6. A single adult needs to earn approximately $37,211 per year to cover basic expenses.