Selma, NC, presents a favorable cost of living compared to the nationwide average. The overall cost of living index in Selma stands at 91, which is 9% lower than the nationwide average of 100. This makes Selma an attractive option for those seeking affordability without sacrificing essential needs.
Specifically, Selma excels in housing, with an index of 85—15% below the national average. Groceries, utilities, transportation, healthcare, and miscellaneous costs also remain competitive. Groceries and utilities show slight increases at 95 and 90, respectively, while transportation, healthcare, and miscellaneous costs are close to the national average at 96, 88, and 92. This balanced approach ensures that residents in Selma enjoy a lower cost of living while maintaining reasonable expenses across various categories.
Selma, NC, offers a cost of living that is below the nationwide average, providing a more budget-friendly option for many residents. The housing index in Selma stands at 85, which is 15% lower than the national average of 100. This suggests that residents can expect to spend less on their homes compared to the average American. Additionally, groceries in Selma cost about 95% of the national average, making it slightly cheaper to stock up on daily necessities.
Utilities and transportation in Selma are also relatively affordable. The utilities index is at 90, which is 10% below the national average, while transportation costs 96% of the national average. This means that residents will likely spend less on their energy bills and commuting. Healthcare, though slightly higher at 88% of the national average, is still more affordable than the national norm. Even miscellaneous expenses, standing at 92% of the average, show that Selma offers a cost of living that is competitive with the rest of the country. Overall, Selma presents a viable and potentially advantageous location for those looking to balance lifestyle with affordability.
