salaryRent is higher than in 58% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $72,600 a year. That is $35 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 298 of 426 cities from cheapest to most expensive.
How much do households earn in Selma?
Share of households by yearly income. 33.8% of households earn $100,000 or more.
Rent by apartment size in Selma
| Size | Selma | U.S. average |
|---|---|---|
| 1 bedroom | $1,559 | $1,324 |
| 2 bedrooms | $1,733 | $1,509 |
| 3 bedrooms | $2,052 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Selma overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Selma, so the Texas figure is shown.
Taxes and bills in Selma
Life in Selma
Is it cheaper to rent or buy in Selma?
Renting is cheaper right now: about $363 a month less.
Owning assumes a typical $313,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,390 for the down payment.
Frequently asked questions
What is the average rent in Selma, TX?
Renting in Selma costs a median of about $1,815 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Selma?
To keep rent under 30% of income, you need about $72,600 a year, or $35 an hour at a full-time job.
Is Selma cheap or expensive?
Selma is rated OK: rent takes 20.8% of the typical household income of $104,686. It ranks 298th cheapest of 426 Texas cities we track.
How much are property taxes in Selma?
The median homeowner in Selma pays $5,353 a year in property taxes, about 1.71% of the median home value.
Is Selma more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Selma?
The median home value in Selma is $313,900, about 3.0 times the typical yearly household income.
11,503 people live in Selma. Numbers are typical (middle) values.