Salem vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 58% cheaper for renters. A 2-bedroom rents for $720/mo vs $1,137/mo in Salem — saving $5,004/year.
Rent by Unit Size
| Unit Size | Salem | Springfield | Difference |
|---|---|---|---|
| Studio | $741 | $490 | $251 |
| 1 Bedroom | $913 | $583 | $330 |
| 2 Bedrooms | $1,137 | $720 | $417 |
| 3 Bedrooms | $1,411 | $925 | $486 |
| 4 Bedrooms | $1,615 | $987 | $628 |
| Median Income | $53,953 | $37,539 | $16,414 |
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Salem or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $1,137/mo in Salem. That's $417/mo or $5,004/year more expensive in Salem (58% higher).
What is the 2-bedroom rent in Salem vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Salem is $1,137/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Salem and Springfield?
The median household income in Salem is $53,953/year. In Springfield it is $37,539/year. Salem has the higher median income.
What is the studio rent in Salem vs Springfield?
A studio apartment Fair Market Rent in Salem is $741/mo. In Springfield it is $490/mo.