Housing costs in Selma?
A typical home costs
$86,800, which is 74.3% less expensive than the national average of
$338,100 and 59.4% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Selma costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 11.9% cheaper than the state average of
$940.
Can I afford Selma?
To live comfortably in Selma, Alabama, a minimum annual income of
$16,560 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Selma?
The cost of living in Selma, AL is relatively low. The median home value is around $74,300 and the median rent is around $700 per month. The overall cost of living index for this area is just 85.3, which is 15% lower than the national average. Additionally, groceries and utilities are also much cheaper than the national average. These factors make Selma a great city to live in for those on a budget or who want to save some money.