Selma cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSelmaAlabamaNational
Cost of living index8389100
IndexSelmaAlabamaNational
Goods & Services index9798100
Groceries index9898100
Health care index8185100
Housing index5273100
Transportation index8992100
Utilities index10699100
A general overview of the cost of living index for Selma, AL is displayed above. In Selma, AL, the overall cost of living index is 83, which is 7% lower than the Alabama average and 17% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Selma, AL, the city's goods and services are 1% lower than the Alabama average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Selma is 7% lower than the Alabama average.
  • The cost of living in Selma is 17% lower than the national average.
  • The cost of housing in Selma is 48% lower than the national average.
  • Alabama general sales tax is 21% lower than the national average.
  • Alabama state income tax is 10% lower than the national average.

Find Real Estate Listings In Selma

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Selma

Compare Selma, AL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Selma, AL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Selma, AL, you have to earn a higher income in order to still have the same standard of living. To operate the Selma, AL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$40,163$3,347$937$1,205
Renters$11,824$985$276$355
One can approximate the cost of living and the housing affordability in Selma, AL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Selma, AL have a median income of $40,163. Therefore, the amount that a consumer should spend on housing costs should be no more than $937 per month to avoid calamity and poverty. The renters in the city have an income of about $11,824, which would make their monthly maximum allowable rental costs $276.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
When you are determining the total cost of living in Selma, AL you will want to make sure you consider both the Alabama sales tax and the Alabama income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Alabama is 4%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Alabama have a range from 2% to 5%.

Goods & Services

ItemSelmaNational avg.Difference
Haircut $14.80$14.591.4%
Beauty Salon $31.80$34.688.3%
Toothpaste $2.27$2.478.2%
Shampoo $0.97$1.025.1%
Movie $9.84$9.870.3%
Bowling $3.87$4.3911.9%

Groceries

ItemSelmaNational avg.Difference
Ground Beef $4.29$4.484.2%
Fried Chicken $1.37$1.466.4%
Milk $2.63$2.3611.6%
Potatoes $3.18$3.063.9%
Pizza $9.00$9.242.6%
Beer $8.71$8.630.9%

Health Care

ItemSelmaNational avg.Difference
Optometrist $74.00$99.7825.8%
Doctor $80.00$105.0323.8%
Dentist $69.67$88.7021.5%
Ibuprofen $9.71$9.413.2%
Lipitor $252.97$298.5015.3%

Housing

ItemSelmaNational avg.Difference
Home Price $87,900.00$175,700.0050.0%
Avg. Mortgage Payment $950.68$1,081.0312.1%
Apartment Rent $530.00$920.0042.4%

Transportation

ItemSelmaNational avg.Difference
Gasoline $1.86$2.0911.2%
Tire Balancing $41.33$45.298.7%

Utilities

ItemSelmaNational avg.Difference
All Electricity$181.98$170.806.5%
Phone $29.99$28.266.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Orrville, AL11478-22%
Selmont-West Selmont, AL2,88780-20%
Valley Grande, AL3,95187-13%
Benton, AL4211111%
Selma, AL20,27683-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sulphur, LA20,27587-13%
Gardner, MA20,2791099%
West Mifflin, PA20,27188-12%
Oregon, OH20,28292-8%
Shelby, NC20,28391-9%
Selma, AL20,27683-17%
Source: The Selma, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.