Salem vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 50% cheaper for renters. A 2-bedroom rents for $756/mo vs $1,137/mo in Salem — saving $4,572/year.
Rent by Unit Size
| Unit Size | Salem | Springfield | Difference |
|---|---|---|---|
| Studio | $741 | $519 | $222 |
| 1 Bedroom | $913 | $612 | $301 |
| 2 Bedrooms | $1,137 | $756 | $381 |
| 3 Bedrooms | $1,411 | $923 | $488 |
| 4 Bedrooms | $1,615 | $1,067 | $548 |
| Median Income | $53,953 | $44,958 | $8,995 |
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
- $519/mo
- 1 BR
- $612/mo
- 2 BR
- $756/mo
- 3 BR
- $923/mo
- 4 BR
- $1,067/mo
- Median Income
- $44,958/yr
Frequently Asked Questions
Is Salem or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $756/mo vs $1,137/mo in Salem. That's $381/mo or $4,572/year more expensive in Salem (50% 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 $756/month.
How do incomes compare between Salem and Springfield?
The median household income in Salem is $53,953/year. In Springfield it is $44,958/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 $519/mo.