Selma, MI is a small town located about 20 miles from Lansing in Midland County. With a population of approximately 1,900 people and an affordable cost of living, it is an ideal area for individuals and families looking to relocate. The average 2 bedroom rent in Selma is $870 which is much lower than the U.S. average of $1,430. The grocery cost index in Selma is 91 compared to 100 nationally. \nThere are many local businesses throughout Selma including the Yooper Shirts headquarters, Cottonwood Lake Golf Club, Abundant Life Ministries Church, and the Twisted Kilt Tavern & Grill. These businesses provide employment opportunities for locals as well as many services and amenities that make life convenient for Selma’s residents.
Selma has an unemployment rate of 6.2%. The US average is 6.0%.
Selma has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Selma
- The Sales Tax Rate for Selma is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Selma is 4.3%. 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 $24,704 a year. The US average is $28,555 a year.
- The Median household income of a Selma resident is $57,401 a year. The US average is $69,021 a year.