| Index | Selma | Texas | National |
| Cost of living | 107 | 94 | 100 |
| Groceries | 98 | 98 | 100 |
| Health care | 98 | 98 | 100 |
| Housing | 126 | 83 | 100 |
| Transportation | 97 | 98 | 100 |
| Utilities | 101 | 103 | 100 |
| Lifestyle & Entertainment | 102 | 98 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 98 | 98 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Selma? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Selma stands at 107, making it 7% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Selma closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Selma can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Housing costs are a very significant part of the Selma cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 26.1% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Wondering if Selma is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Selma, for example, the median home price is 10.7% higher than what folks pay nationally, and monthly rent is 62% higher than the usual rates. Plus, income levels matter too, with Selma boasting a median household income of $127,577, which is 56.9% higher than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Selma, the transportation index is 3.3% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Selma, the utilities index is 0.5% higher than the national average.
The Selma cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $149,090 | $12,424 | $3,479 | $4,473 |
| Renters | $107,428 | $8,952 | $2,506 | $3,223 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Marion, TX | 919 | 89 | 11.2% |
| Kirby, TX | 8,908 | 94 | 5.6% |
| Balcones Heights, TX | 3,252 | 98 | 1.6% |
| Lake Dunlap, TX | 1,592 | 96 | 4.5% |
| San Antonio, TX | 1,573,237 | 100 | 0.3% |
| Selma, TX | 11,484 | 107 | 6.8% |
| City | Population | Cost of Living Index | National Avg. |
| Robstown, TX | 11,483 | 85 | 15.2% |
| La Homa, TX | 11,475 | 82 | 17.6% |
| Lighthouse Point, FL | 11,493 | 146 | 45.9% |
| Summit, IL | 11,472 | 100 | 0.1% |
| Grand Rapids, MN | 11,472 | 95 | 4.9% |
| Selma, TX | 11,484 | 107 | 6.8% |
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