Cost of Living in Selma, IN

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18%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
48%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Selma Indiana National
Cost of living8289100
Groceries9697100
Health care9797100
Housing5272100
Transportation9496100
Utilities9396100
Lifestyle & Entertainment9295100
Household Items9898100
Education & Childcare9194100
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Homes For Sale In Selma, IN

property for sale

10600 E County Road 50 S

Selma, IN
property for sale

2510 S Whitney Rd

Selma, IN
property for sale

11990 E County Road 400 S

Selma, IN
property for sale

7201 E Windsor Rd

Selma, IN

Cost Of Living Quick Facts

  • The cost of living in Selma is 8% lower than the Indiana average
  • The cost of living in Selma is 18% lower than the national average
  • Selma housing is 48% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Selma

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$95,633$7,969$2,231$2,869
      Renters$44,420$3,702$1,036$1,333

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Blountsville, IN867624.4%
      Ridgeville, IN5677722.8%
      Redkey, IN1,5467921.1%
      Dunkirk, IN1,9648020.5%
      Economy, IN1258118.8%
      Selma, IN1,0028218.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Spearville, KS1,0028713.1%
      Lake Shore, MN1,00212929.5%
      Dortches, NC1,002964.2%
      Amenia, NY1,00211717.0%
      Sykesville, PA1,0028415.5%
      Selma, IN1,0028218.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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