Cost of Living in Salem city, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Salem city Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Salem city, Virginia
Salem balances affordability and urban character
Salem city's rent-to-income ratio of 18.8% is virtually on par with Virginia's state average of 18.6%, while its median household income of $66,716 sits comfortably near state levels. This smaller city delivers moderate affordability alongside genuine urban amenities.
At-average affordability for Virginia markets
Salem city's 18.8% rent-to-income ratio closely tracks Virginia's state average of 18.6%, making it a representative example of typical Virginia housing cost burdens. The median rent of $1,046 is 8% below the state median of $1,140, offering modest rental savings.
Moderate pricing in regional context
Salem city's $1,046 median rent sits between Roanoke city ($964) and Roanoke County ($1,148), positioning it as a middle option in the southwestern corridor. Home values of $244,800 are below Roanoke County ($267,300) but above Roanoke city ($180,500), reflecting its status as a moderate-sized urban center.
Renters and owners face different burdens
Renters pay $1,046 monthly while homeowners face a higher $1,168 monthly cost from a median income of $66,716. The 18.8% rent-to-income ratio keeps rents manageable, though prospective homebuyers may face tighter affordability depending on their specific financing situation.
Sweet spot for urban comfort and value
Salem city offers reliable affordability at near-state-average levels, paired with genuine downtown character and regional connectivity—ideal for relocators seeking urban flavor without premium pricing. The 18.8% rent-to-income ratio suggests sustainable long-term housing costs for most households.
Affordability Calculator
See how your income compares to housing costs in Salem city
Rent Burden
18.8%
of gross income
Max Housing (28% Rule)
$1,557
per month
Owner Cost Burden
21.0%
of gross income
The median home in Salem city may be a stretch
Median home value is $244,800. Estimated monthly cost: $1,954 vs. your max of $1,557.
Rent Affordability Guide
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.