Zip 24474 (Selma, VA) Cost of Living


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United States / Virginia / No Metro Area / Alleghany County / Selma / Selma (zip 24474)
How much do I need to live in Selma, Virginia?
$1,500 / month
for a family, 72.2% less expensive than the national average A total of $18,000 for the year for a family.
$1,967 / month
for a single person, 58.7% less expensive than the national average A total of $23,600 for the year for a single person.

Selma cost of living score
73.8
Less expensive
26.2% lower
than the US average
29.2% lower
than the Virginia average
Selma (zip 24474), Virginia gets a BestPlaces Cost of Living score of 73.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.2% lower than the U.S. average and 29.2% lower than the average for Virginia.

Zip 24474 (Selma, VA)

Housing costs in Selma?
A typical home costs $93,300, which is 72.4% less expensive than the national average of $338,100 and 72.8% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Selma costs $730 per month, which is 49.0% cheaper than the national average of $1,430 and 91.8% cheaper than the state average of $1,400.

Can I afford Selma?
To live comfortably in Selma (zip 24474), Virginia, a minimum annual income of $18,000 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Selma?
The cost of living in Selma, VA (zip code 24474) is quite affordable compared to other areas of the state. The median home value is $171,800, which is much lower than the national average of $184,700 for all cities and towns. Grocery prices are also low with a typical grocery basket costing around $50 compared to the US national average of $66. Prices for gas and utilities are also below the national average. All these factors make Selma an ideal place to live for those looking for an affordable lifestyle.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSelmaVirginiaUnited States
    Unlock104.2100.0
  92.6  Unlock100.0
    Unlock103.1100.0
  26.4  Unlock100.0
    Unlock$343,200$338,100
  97.3  Unlock100.0
    Unlock99.4100.0
  94.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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