Cost of Living in Selma, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.4
100 = national avg
-19.6 vs national average
Living Wage (1 Adult)
$35,355
per year
Living Wage (Family of 4)
$83,565
per year
Cost Index by Category
Housing49.3
Food94.8
Transportation114.5
Healthcare95.8
Utilities86.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$778
per month
2 Bedroom
$914
per month
The overall cost of living index in Selma is 80.4, which is 19.6% below the national average. Housing costs are below the national average at an index of 49.3. A single adult needs to earn approximately $35,355 per year to cover basic expenses.