Housing costs in Selma?
A typical home costs
$91,500, which is 72.9% less expensive than the national average of
$338,100 and 57.2% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Selma costs
$850 per month, which is 9.6% cheaper than the national average of
$940 and 7.1% more than the state average of
$790.
Can I afford Selma?
To live comfortably in Selma (zip 36701), Alabama, a minimum annual income of
$17,640 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Selma?
The cost of living in 36701 Selma, AL is relatively low compared to other parts of the country. According to recent studies, the cost of living in 36701 is 13% below the national average. Rent for a one-bedroom apartment averages around $540 per month, while homes are priced around $76,400 on average. The overall cost of goods and services is also lower than the national average, making it an affordable place to live. Additionally, the local job market offers a variety of employment opportunities at competitive salaries.