Cost of Living in Salem, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.1
100 = national avg
-32.9 vs national average
Living Wage (1 Adult)
$29,529
per year
Living Wage (Family of 4)
$69,796
per year
Cost Index by Category
Housing51.1
Food83.4
Transportation66.8
Healthcare86.7
Utilities80.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$843
per month
2 Bedroom
$955
per month
The overall cost of living index in Salem is 67.1, which is 32.9% below the national average. Housing costs are below the national average at an index of 51.1. A single adult needs to earn approximately $29,529 per year to cover basic expenses.