Renting in Salem: a two-bedroom costs about $1,040
Salem is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Zillow and Redfin publish no market figures here. How TownRatings grades cost of living
What kind of housing town is Salem?
Read from the numbers below. The page puts what stands out first.
Why Salem isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
A two-bedroom rents for about $1,040
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Las Cruces, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the New Mexico norm
The median bill is $368 (New Mexico: $1,731), 0.60% of a home’s value a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Salem and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Salem | – | — | $62K | 0.60% | $1,040 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents). “—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Salem
How much is rent in Salem?
HUD puts a two-bedroom at about $1,040 a month with utilities, the going rate for someone moving in.
What are property taxes in Salem?
The median bill is $368 a year, 0.60% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Why doesn’t Salem have a cost of living grade?
Salem is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Salem buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.