Selma, NC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 88, with 100 being the average.

  • The cost of living index in Selma is 0.9x lower than the national average.

  • Selma ranks as the #24 cheapest in North Carolina out of 153.

  • Selma ranks as the #1,278 cheapest out of 6,412 in the US.

  • The median home value in Selma is $126,100.

  • The median income in Selma is $25,421.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Selma's Overall Cost Of Living
0.9x
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 88, 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 95.

The standard of living in Selma ranks as #24 most affordable out of the 153 places we measured in North Carolina. By definition, that implies Selma ranks as the #129 most expensive place in the Tar Heel State.

For more reading on life in Selma, check out:

24 out of 153
In North Carolina
1,278 out of 6,412
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 104.

  • The Groceries index in Selma is 91.

  • The Health index in Selma is 105.

  • The Housing index in Selma is 60.

  • The Transportation index in Selma is 96.

  • The Utilities index in Selma is 99.

Living Expense Selma North Carolina National Average
Overall 88 95 100
Services 104 97 100
Groceries 91 98 100
Health 105 108 100
Housing 60 91 100
Transportation 96 92 100
Utilities 99 95 100
For more reading on cost of living around North Carolina, check out:
Selma Cost of Living Vs. NC

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 2017-2021. The key points are:

  • The Median Home Value in Selma is $126,100.

  • The Median Rent in Selma is $721.

  • The Median Income in Selma is $25,421.

  • The Home Value To Income in Selma is 5.0x.

  • The Rent To Monthly Income in Selma is 0.34x.

Statistic Selma North Carolina United States
Median Home Value $126,100 $197,500 $244,900
Median Rent $721 $988 $1,163
Median Income $25,421 $60,516 $69,021
Home Value To Income 5.0x 3.3x 3.5x
Rent To Monthly Income 0.34x 0.2x 0.2x
Search Homes For Sale In Selma, NC
$126,100
Median Home Value
$721
Median Rent
$25,421
Median Income

Selma, NC Costs By Category

Detailed Selma Services Costs Vs. North Carolina

Item Selma North Carolina
Shampoo $0.95 $1.06
Movie $10.04 $10.68
Bowling $17.13 $14.67
Haircut $18.07 $18.62
Beauty Salon $48.42 $39.05

Detailed Selma Groceries Costs Vs. North Carolina

Item Selma North Carolina
Ground Beef $4.93 $4.22
Fried Chicken $0.97 $1.39
Milk $1.61 $2.05
Potatoes $3.88 $3.29
Pizza $11.04 $10.62
Beer $9.99 $9.38
Toothpaste $2.04 $2.34

Detailed Selma Health Costs Vs. North Carolina

Item Selma North Carolina
Optometrist $98.89 $108.57
Doctor $145.22 $116.17
Dentist $99.0 $99.13

Detailed Selma Transportation Costs Vs. North Carolina

Item Selma North Carolina
Gasoline $2.27 $2.22
Tire Balancing $37.07 $50.07

Detailed Selma Utilities Costs Vs. North Carolina

Item Selma North Carolina
All Electricity $162.8 $167.67
Phone $179.92 $175.64

Selma SnackAbility

5
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
3
Diversity
9.5
Safety
4
Amenities
8
Education
4
Commute
8

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 105, 1.2x Selma.

  • Cary, NC has a cost of living index of 114, 1.3x Selma.

  • Chapel Hill, NC has a cost of living index of 118, 1.3x Selma.

City Population Cost Of Living Vs. Selma
Raleigh, NC 462,219 105 1.2x
Cary, NC 171,603 114 1.3x
Chapel Hill, NC 60,920 118 1.3x
Apex, NC 58,066 112 1.3x
Wake Forest, NC 46,387 110 1.2x
Holly Springs, NC 40,198 111 1.3x
Fuquay-Varina, NC 33,135 105 1.2x
Garner, NC 30,859 99 1.1x
Morrisville, NC 28,824 107 1.2x
Clayton, NC 25,486 97 1.1x

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