Here's what it costs to live in Salem, Massachusetts, based on the latest US government data. Renters pay a median of $1,836 per month, while the typical home is valued around $542,800. Households earn a median of $85,153 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
Median Household Income
$85,153
Annual · Census ACS
Median Gross Rent
$1,836
Per month · Census ACS
Median Home Value
$542,800
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
| 🔧Plumber | N/A |
| ⚕️Nurse Practitioner | N/A |
| 🏗️Civil Engineer | N/A |
| 👔Operations Manager | N/A |
| 📈Market Research Analyst | N/A |
| 🏢Health Services Manager | N/A |
| 🚛Truck Driver | N/A |
| 👨⚕️Physician Assistant | N/A |
| 🩺Surgeon | N/A |
| 🧮Data Scientist | N/A |
| 🖥️Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
44,795
Latest estimate
Median Age
39.3 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,720
Per month
Avg Home Value
$605,100
Census ACS
January Avg
30°F
July Avg
74°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
32.8
poor
Hospitals
1
Doctors per 1,000
1.00
Insurance Coverage
96.9%
What is the cost of living index for Salem?
The cost of living index for Salem is not yet available in our database.
What is the median rent in Salem?
The median gross rent in Salem is $1,836 per month according to US Census ACS data.
What is the median household income in Salem?
The median household income in Salem is $85,153 per year.
What is the median home value in Salem?
The median home value in Salem is $542,800 based on the latest Census ACS survey.
How is the air quality in Salem?
Air quality data for Salem is not yet available.
What are the taxes like in Salem?
Tax data for Massachusetts is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
