Selma, AL Metro Area is a great place to live and work. The cost of living is quite low, with the average 2 bedroom rent sitting at $790 compared to the national average of $1,430. Grocery costs are also relatively low with an index score of 91 compared to 100 in the US. The area is home to many local companies such as Mayfield's Bakery, Selma Steel & Iron Works and ACO Clothing. Selma also boasts an active nightlife and cultural scene, making it a great place for anyone looking for an affordable city lifestyle.
Selma Metro Area has an unemployment rate of 7.5%. The US average is 6.0%.
Selma Metro Area has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 15.5%, which is lower than the US average of 33.5%.
Tax Rates for Selma Metro Area
- The Sales Tax Rate for Selma Metro Area is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Selma Metro Area is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Selma Metro Area
- The average income of a Selma Metro Area resident is $20,748 a year. The US average is $37,638 a year.
- The Median household income of a Selma Metro Area resident is $34,957 a year. The US average is $69,021 a year.