Cost of Living in Salem, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.2
100 = national avg
-27.8 vs national average
Living Wage (1 Adult)
$31,771
per year
Living Wage (Family of 4)
$75,095
per year
Cost Index by Category
Housing30.4
Food92.9
Transportation114.3
Healthcare94.3
Utilities81.8
100 = national average. Higher = more expensive.
The overall cost of living index in Salem is 72.2, which is 27.8% below the national average. Housing costs are below the national average at an index of 30.4. A single adult needs to earn approximately $31,771 per year to cover basic expenses.