Cost of Living in Salem, NE
Population: 84 | Nebraska
Salem is 24% less expensive than the national average.
Cost of Living in Salem, NE: What You Need to Know
With a cost of living index of 76, Salem, NE is a very affordable place to live. Living here is 24% cheaper than the national average and 3% above the Nebraska state average of 72. Salem is a small community of 84 residents.
The median household income in Salem is $46,563, which is 38% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Salem. The area sees an average annual temperature of 53.1°F, with summers averaging 75°F and winters around 29°F. Annual rainfall totals 34.7 inches spread over roughly 95 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $46,563
- vs US Median ($75,149)
- -38%
Housing
- Median Home Value
- $45,900
- Median Monthly Housing Cost
- $438/mo
Climate in Salem
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 42 | 54 | 65 | 75 | 85 | 88 | 87 | 80 | 67 | 52 | 40 |
| Avg °F | 26 | 31 | 43 | 53 | 64 | 74 | 77 | 75 | 67 | 55 | 41 | 31 |
| Low °F | 17 | 21 | 31 | 41 | 53 | 63 | 66 | 64 | 55 | 43 | 30 | 21 |
| Rain" | 0.6 | 1.0 | 2.1 | 3.5 | 4.6 | 4.8 | 5.2 | 3.8 | 3.3 | 2.7 | 1.8 | 1.2 |