Housing costs in Selma?
A typical home costs
$245,100, which is 27.5% less expensive than the national average of
$338,100 and 15.3% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Selma costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and close to the state average of
$1,110.
Can I afford Selma?
To live comfortably in Selma, North Carolina, a minimum annual income of
$46,800 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Selma?
Selma, NC is known for its affordable cost of living. The city's median home value is significantly lower than the national average, making it a great option for those looking to save money while still enjoying the amenities of city life. Additionally, the overall cost of goods and services in Selma is considered to be about 10% lower than the U.S. average. With low housing costs and low expenses for food, transportation, and entertainment, living in Selma can be an affordable option for many people.