Cost of Living in Salem, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
66.3
100 = national avg
-33.7 vs national average
Living Wage (1 Adult)
$29,164
per year
Living Wage (Family of 4)
$68,933
per year
Cost Index by Category
Housing57.1
Food80.0
Transportation59.9
Healthcare84.0
Utilities79.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$680
per month
2 Bedroom
$892
per month
The overall cost of living index in Salem is 66.3, which is 33.7% below the national average. Housing costs are below the national average at an index of 57.1. A single adult needs to earn approximately $29,164 per year to cover basic expenses.