Selma, Indiana is a small town in Delaware County with a population of about 473 people. It is located just northeast of Muncie and has much to offer its residents. The 2 bedroom rent in Selma is quite affordable at $900 per month, making it an attractive option for those looking for an economical place to live. Additionally, the grocery cost index in Selma is 93 compared to 100 in the US, making groceries relatively inexpensive here as well.
Living in Selma has its advantages beyond just low living costs. Local businesses include Rollys Radiators, Barnhart's Service Center, and Adkin's Repair. These companies provide valuable services to the community and help keep money circulating locally. Additionally, Selma is a great place for families because of its high quality education system provided by the Daleville Community School Corporation and plenty of outdoor activities available at nearby parks and lakes.
Overall, Selma is an excellent choice for those looking for a quiet rural lifestyle while still having access to all the necessary amenities. With its affordable housing prices and low cost of living it’s no wonder that many people are deciding to call this charming town their home!
Selma (zip 47383) has an unemployment rate of 5.0%. The US average is 6.0%.
Selma (zip 47383) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Selma (zip 47383)
- The Sales Tax Rate for Selma (zip 47383) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Selma (zip 47383) 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 (zip 47383)
- The average income of a Selma (zip 47383) resident is $29,164 a year. The US average is $37,638 a year.
- The Median household income of a Selma (zip 47383) resident is $68,816 a year. The US average is $69,021 a year.