Cost of Living in Selmer, TN

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16%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
49%
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 Selmer Tennessee National
Cost of living8492100
Groceries9998100
Health care9797100
Housing5180100
Transportation9497100
Utilities9698100
Lifestyle & Entertainment9697100
Household Items10198100
Education & Childcare10197100
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Homes For Sale In Selmer, TN

property for sale

219 W Court Ave

Selmer, TN
property for sale

1777 Higginbottom Rd

Selmer, TN
property for sale

Hickory St S

Selmer, TN
property for sale

131 Hideaway Sq

Selmer, TN

Cost Of Living Quick Facts

  • The cost of living in Selmer is 9% lower than the Tennessee average
  • The cost of living in Selmer is 16% lower than the national average
  • Selmer housing is 49% lower than the national average
  • Tennessee general sales tax is 37% higher than the national average
  • Tennessee state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Selmer

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$68,537$5,711$1,599$2,056
      Renters$38,015$3,168$887$1,141
      The affordability of the housing market in Selmer, TN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Selmer homeowners, the median income is $68,537. This indicates that a monthly maximum of $1,599 should be spent by homeowners on all housing related costs. Renters have a median income of $38,015. This indicates that renters would have a maximum of $887 for their rent related monthly costs.

      Tennessee Sales Tax

      State General Sales Tax With Max Surtax
      Tennessee 7% 9.75%

      Tennessee Income Tax

      State Income Tax (Low) Income Tax (High)
      Tennessee 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Adamsville, TN2,1998317.2%
      Stantonville, TN4078416.0%
      Ramer, TN3778415.9%
      Eastview, TN8448515.5%
      Milledgeville, TN3088515.4%
      Selmer, TN4,5028416.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lake of the Pines, CA4,50215252.5%
      North Terre Haute, IN4,5018515.2%
      Camanche, IA4,5048811.6%
      Tarentum, PA4,5048515.1%
      Oak Grove, TN4,499963.7%
      Selmer, TN4,5028416.2%
      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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