Selma, NC Economy


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Selma, NC is a small town with a population of around 10,000 people. It is located in Johnston County and is an ideal location for those looking for an affordable place to live. The 2 Bedroom rent in Selma, NC averages around $1,090 per month which is substantially lower compared to the US average of $1,430. In addition to its affordability, Selma has lots of amenities and local businesses that make it a great place to call home. This includes stores like Walmart and Food Lion as well as popular restaurants such as McAlister's Deli and Mellow Mushroom. Other attractions that can be found in Selma include the Carolina Premium Outlets and the Neuse River Greenway Trail. With its affordability and abundance of local ameneties, Selma provides a wonderful balance between city life and small town living.

Selma has an unemployment rate of 4.1%. The US average is 6.0%.

Selma has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 46.3%, which is higher than the US average of 33.5%.

Tax Rates for Selma
- The Sales Tax Rate for Selma is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Selma is 5.5%. 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 $11,757 a year. The US average is $28,555 a year.
- The Median household income of a Selma resident is $25,421 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySelma, North CarolinaUnited States
  4.16
  -5.2%-6.2%
  46.3%33.5%
  6.8%6.2%
  5.3%4.6%
  $17,069$37,638
  $25,421$69,021
  $35,252$85,028
  Population by Occupation
  2.4%1.2%
  0.0%0.5%
  17.0%6.8%
  11.7%10.0%
  0.5%2.5%
  21.9%11.0%
  1.6%4.8%
  0.6%0.8%
  0.9%1.9%
  3.2%4.7%
  1.0%1.9%
  1.1%7.6%
  0.4%0.1%
  5.3%4.2%
  3.5%9.3%
  10.1%14.0%
  0.0%2.1%
  13.8%7.0%
  1.4%4.8%
  3.5%4.7%
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