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These days, finding an affordable place to live in the Salvador area can be challenging. Home prices in Salvador are now at a median cost of $1,067,358, higher than the California average of $812,006.
The average cost of rent is $2,130/mo in Salvador, primarily driven by the current value of real estate in the Salvador area. In Salvador, 32.51% of households rent, and 41.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salvador is $12,140 per month. Households that rent pay about 17.55% of their income on rent here. Salvador’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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