Housing costs in Selmer?
A typical home costs
$131,200, which is 61.2% less expensive than the national average of
$338,100 and 52.7% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Selmer costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 40.8% cheaper than the state average of
$1,070.
Can I afford Selmer?
To live comfortably in Selmer, Tennessee, a minimum annual income of
$25,200 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Selmer?
The cost of living in Selmer, TN is relatively low compared to other parts of the state. The median home value is $84,400, which is far lower than the national average of $227,025. Renters can find a one-bedroom apartment for around $450 per month and utilities are also quite affordable. Additionally, groceries are substantially less expensive in Selmer than many other cities. All of these factors combined make it a great place for those who want to save money while still having access to a wide variety of amenities.