Cost of Living in Selma, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.7
100 = national avg
-24.3 vs national average
Living Wage (1 Adult)
$33,311
per year
Living Wage (Family of 4)
$78,736
per year
Cost Index by Category
Housing85.8
Food78.6
Transportation57.2
Healthcare82.9
Utilities84.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,596
per month
2 Bedroom
$1,750
per month
The overall cost of living index in Selma is 75.7, which is 24.3% below the national average. Housing costs are below the national average at an index of 85.8. A single adult needs to earn approximately $33,311 per year to cover basic expenses.