Selma, NC Cost Of Living
Cost Of Living In Selma, NC Summary
Cost of living in Selma research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Selma is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Selma is 86, with 100 being the average.
The cost of living index in Selma is 0.9x lower than the national average.
Selma ranks as the #13 cheapest in North Carolina out of 157.
Selma ranks as the #639 cheapest out of 6,489 in the US.
The median home value in Selma is $269,140.
The median income in Selma is $37,440.
Table Of Contents
Selma's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Selma, NC?
According to the most recent data on the cost of living, Selma has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Selma has a cost of living index that's 0.9x lower than North Carolina's index of 92.
The standard of living in Selma ranks as #13 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Selma ranks as the #144 most expensive place in the Tar Heel State.
For more reading on life in Selma, check out:
In North Carolina
In America
Selma Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Selma. Here is how it fairs on each of the criteria:
The Services index in Selma is 97.
The Groceries index in Selma is 96.
The Health index in Selma is 114.
The Housing index in Selma is 65.
The Transportation index in Selma is 94.
The Utilities index in Selma is 96.
| Living Expense | Selma | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 86 | 92 | 100 | |
| Services | 97 | 100 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 114 | 106 | 100 | |
| Housing | 65 | 86 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 96 | 95 | 100 | |
Selma, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Selma is $269,140.
The Median Rent in Selma is $824.
The Median Income in Selma is $37,440.
The Home Value To Income in Selma is 7.2x.
The Rent To Monthly Income in Selma is 0.26x.
| Statistic | Selma | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $269,140 | $332,681 | $303,400 |
| Median Rent | $824 | $1,162 | $1,348 |
| Median Income | $37,440 | $69,904 | $78,538 |
| Home Value To Income | 7.2x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Selma, NC Costs By Category
Detailed Selma Services Costs Vs. North Carolina
| Item | Selma | North Carolina |
|---|---|---|
| Shampoo | $1.09 | $1.28 |
| Movie | $10.27 | $12.13 |
| Bowling | $11.0 | $18 |
| Haircut | $19.0 | $24.26 |
| Beauty Salon | $29.58 | $45.56 |
Detailed Selma Groceries Costs Vs. North Carolina
| Item | Selma | North Carolina |
|---|---|---|
| Ground Beef | $5.93 | $5.84 |
| Fried Chicken | $1.59 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.18 | $4.93 |
| Pizza | $10.47 | $12.09 |
| Beer | $10.29 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Selma Health Costs Vs. North Carolina
| Item | Selma | North Carolina |
|---|---|---|
| Optometrist | $141.56 | $125.68 |
| Doctor | $136.38 | $135.78 |
| Dentist | $100.17 | $113.29 |
Detailed Selma Transportation Costs Vs. North Carolina
| Item | Selma | North Carolina |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $63.55 | $59.92 |
Detailed Selma Utilities Costs Vs. North Carolina
| Item | Selma | North Carolina |
|---|---|---|
| All Electricity | $201.14 | $193.99 |
| Phone | $187.32 | $192.25 |
Selma SnackAbility
/10
Cost Of Living In Cities Around Selma
The cost of living varies in the cities and towns around Selma. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 112, 1.3x Selma.
Cary, NC has a cost of living index of 125, 1.5x Selma.
Apex, NC has a cost of living index of 122, 1.4x Selma.
| City | Population | Cost Of Living | Vs. Selma |
|---|---|---|---|
| Raleigh, NC | 470,763 | 112 | 1.3x |
| Cary, NC | 176,686 | 125 | 1.5x |
| Apex, NC | 67,765 | 122 | 1.4x |
| Chapel Hill, NC | 59,889 | 129 | 1.5x |
| Wake Forest, NC | 51,199 | 117 | 1.4x |
| Holly Springs, NC | 43,429 | 125 | 1.5x |
| Fuquay-Varina, NC | 37,749 | 114 | 1.3x |
| Garner, NC | 32,543 | 106 | 1.2x |
| Morrisville, NC | 30,471 | 120 | 1.4x |
| Clayton, NC | 28,043 | 103 | 1.2x |
