Selma, TX Economy


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Selma, TX is a city located in Bexar County with an estimated population of 18,902 people as of 2019. It is known for its rich culture and history. Local companies include Walmart Supercenter, H-E-B Food Store, Selma Grocery and Meat Market, and Ace Hardware. When it comes to rental costs, the average rent for 2 bedrooms in Selma is $1,660 compared to the US average of $1,430. The Grocery Cost Index in Selma is 93 versus 100 in the US which means that groceries are slightly cheaper than the national average.

Selma has an unemployment rate of 6.7%. The US average is 6.0%.

Selma has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.

Tax Rates for Selma
- The Sales Tax Rate for Selma is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Selma is 0.0%. 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 $28,192 a year. The US average is $28,555 a year.
- The Median household income of a Selma resident is $84,808 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySelma, TexasUnited States
  6.76
  -4.7%-6.2%
  39.6%33.5%
  8.3%6.2%
  0.0%4.6%
  $34,624$37,638
  $84,808$69,021
  $96,250$85,028
  Population by Occupation
  0.0%1.2%
  0.8%0.5%
  2.6%6.8%
  1.5%10.0%
  2.6%2.5%
  13.8%11.0%
  14.1%4.8%
  1.2%0.8%
  1.6%1.9%
  4.5%4.7%
  1.3%1.9%
  8.8%7.6%
  0.0%0.1%
  2.1%4.2%
  10.4%9.3%
  19.3%14.0%
  1.3%2.1%
  7.2%7.0%
  3.4%4.8%
  3.4%4.7%
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