Housing costs in Selmer?
A typical home costs
$129,500, which is 61.7% less expensive than the national average of
$338,100 and 53.3% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Selmer costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 46.6% cheaper than the state average of
$1,070.
Can I afford Selmer?
To live comfortably in Selmer (zip 38375), Tennessee, a minimum annual income of
$24,840 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Selmer?
The cost of living in 38375 Selmer, TN is quite reasonable. The median home value is $111,700 and the median rent is $580. Both of these are below the national average and make the cost of living quite affordable for families or individuals who are looking to move into the area. Additionally, groceries, utilities, and transportation costs are all at or near the national average which makes it an ideal place for those looking to save money while maintaining a comfortable lifestyle.