Cost of Living in Lower Salem, OH

With a cost of living index of 87, Lower Salem, OH is a very affordable place to live. Living here is 13% cheaper than the national average and 9% above the Ohio state average of 78. Lower Salem is a small community of 93 residents.

Housing costs are the biggest factor in Lower Salem's cost of living. The median monthly rent is $1,550 (18% above the US median of $1,319), and the median home value sits at $93,800 (69% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Lower Salem is $103,125, which is 37% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Lower Salem. The area sees an average annual temperature of 54.3°F, with summers averaging 73°F and winters around 34°F. Annual rainfall totals 42.5 inches spread over roughly 144 days.

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.