Selma, VA is a small town with a population of approximately 1,000 people. Located in Virginia's Shenandoah Valley, Selma offers stunning views of the surrounding countryside. Despite its small size, Selma is home to several businesses including Super Save Groceries and G&G Automotive Supply. Rent for a two-bedroom apartment in Selma averages at $720 per month, making it significantly cheaper than the U.S. average rent of $1,430 per month. The grocery cost index in Selma is also lower than the national average at 93 versus 100 in the US which means groceries are more affordable here. With low rent and grocery prices combined with beautiful scenery, living in Selma is an attractive option for many people looking to enjoy a lower cost of living.
Selma has an unemployment rate of 5.4%. The US average is 6.0%.
Selma has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Selma
- The Sales Tax Rate for Selma is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Selma is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Selma
- The average income of a Selma resident is $18,215 a year. The US average is $28,555 a year.
- The Median household income of a Selma resident is $34,688 a year. The US average is $69,021 a year.