Cost of Living: Salem, MA vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Salem, MA versus $4,116/mo in New York, NY. In the model, rent is about 26.23% of gross in Salem, MA versus 25.92% in New York, NY, so New York, NY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Salem, MA and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Salem, MA
- Lower rent (median 1BR/2BR): New York, NY
- Lower home prices: Salem, MA
- Higher median household income: Salem, MA
Cost of Living Index
Salem, MA: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Salem, MA has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Salem, MA: $1,710/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in Salem, MA is $20/mo higher than in New York, NY.
Median Home Price
Salem, MA: $497,400 · New York, NY: $751,700
Median home price in New York, NY is $254,300 higher than in Salem, MA.
Median Household Income
Salem, MA: $85,137 · New York, NY: $79,713
Salem, MA has a higher median household income than New York, NY by $5,424.
Salem, MA overview · New York, NY overview · Popular comparisons