Cost of Living in Salem, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.4
100 = national avg
-19.6 vs national average
Living Wage (1 Adult)
$35,374
per year
Living Wage (Family of 4)
$83,611
per year
Cost Index by Category
Housing92.5
Food81.1
Transportation62.1
Healthcare84.9
Utilities87.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,520
per month
2 Bedroom
$1,810
per month
The overall cost of living index in Salem is 80.4, which is 19.6% below the national average. Housing costs are below the national average at an index of 92.5. A single adult needs to earn approximately $35,374 per year to cover basic expenses.