Housing costs in Selma?
A typical home costs
$71,100, which is 79.0% less expensive than the national average of
$338,100 and 66.8% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Selma costs
$870 per month, which is 7.4% cheaper than the national average of
$940 and 9.2% more than the state average of
$790.
Can I afford Selma?
To live comfortably in Selma (zip 36703), Alabama, a minimum annual income of
$13,680 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Selma?
The cost of living in 36703 Selma, AL is relatively low compared to other areas of the United States. The average home price is only around $90,000 and the median household income is about $33,866. The unemployment rate is slightly higher than the national average at 7.1%, however this has been gradually decreasing over the past few years. Rent prices are also quite affordable, with an average two bedroom apartment costing approximately $600 a month. Utilities are also cheaper than most parts of the country due to Selma's moderate climate year-round. All of this makes 36703 Selma, AL an attractive option for those looking for an affordable place to live.