Zip 36703 (Selma, AL) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Selma, AL is a beautiful city located in Dallas County with zip code 36703. It has a population of nearly 22,000 people and offers an array of amenities to its residents. The cost of living here is very affordable, with 2 bedroom rent costing only $870 compared to $1,430 in the US. Groceries also are relatively inexpensive here at 92 compared to the United States index rate of 100. Local businesses include Selma Chrysler Dodge Jeep Ram, Selma Auto Mall, and Texas Roadhouse. All these businesses offer competitive prices on goods and services that make it easier for families to live comfortably in Selma. Furthermore, there are plenty of recreational activities available in the city such as historical sites like Sturdivant Hall as well as several parks and gardens like Bloch Park and the Edmund Pettus Bridge National Historic Landmark. Living in Selma provides access to all these wonderful attractions while still managing to stay within a budget-friendly lifestyle.

Selma (zip 36703) has an unemployment rate of 9.4%. The US average is 6.0%.

Selma (zip 36703) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 14.5%, which is lower than the US average of 33.5%.

Tax Rates for Selma (zip 36703)
- The Sales Tax Rate for Selma (zip 36703) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Selma (zip 36703) 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 (zip 36703)
- The average income of a Selma (zip 36703) resident is $19,195 a year. The US average is $37,638 a year.
- The Median household income of a Selma (zip 36703) resident is $28,513 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySelma, AlabamaUnited States
  9.46
  -5.8%-6.2%
  14.5%33.5%
  10.0%6.2%
  5.0%4.6%
  $19,195$37,638
  $28,513$69,021
  $42,070$85,028
  Population by Occupation
  0.3%1.2%
  0.3%0.5%
  4.8%6.8%
  20.9%10.0%
  4.5%2.5%
  13.5%11.0%
  1.6%4.8%
  0.5%0.8%
  2.6%1.9%
  2.4%4.7%
  0.0%1.9%
  1.1%7.6%
  0.0%0.1%
  5.0%4.2%
  8.6%9.3%
  16.4%14.0%
  0.2%2.1%
  2.3%7.0%
  8.7%4.8%
  6.2%4.7%
Health