Housing costs in Selma?
A typical home costs
$191,200, which is 43.4% less expensive than the national average of
$338,100 and 13.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Selma costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$980.
Can I afford Selma?
To live comfortably in Selma (zip 47383), Indiana, a minimum annual income of
$36,720 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Selma?
The cost of living in 47383 Selma, IN is relatively low compared to other parts of the country. The median home value in the area is around $108,100, with median rent prices at just over $650 per month. Utilities are also affordable, averaging around 10% lower than the national average. Groceries and transportation costs tend to be slightly higher than the national average, but overall it is still quite affordable. Property taxes are also fairly low, making it an attractive location for those looking to save money while living comfortably.