Bloomfield, IN vs Selma, IN

Bloomfield is moderately more affordable than Selma, with a 7.5% lower cost of living index. Bloomfield scores 62 compared to 67 for Selma, where the US average is 100. This difference means residents of Selma can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bloomfield is $672/month compared to $913/month in Selma — a 26% difference. Interestingly, home values tell a different story: while Bloomfield has cheaper rent, Selma actually has lower median home values ($99,800 vs $108,700).

Median household income in Bloomfield is $51,144 compared to $62,500 in Selma (-18.2%). While Selma is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bloomfield spend roughly 15.8% of their income on rent, less than the 17.5% in Selma.