Cost of Living in Salem, NM

With a cost of living index of 76, Salem, NM is a very affordable place to live. Living here is 24% cheaper than the national average and 10% below the New Mexico state average of 86. Salem is a small community of 834 residents.

The median household income in Salem is $56,103, which is 25% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Las Cruces, NM (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.