Denver, NC vs Selma, NC
There is a significant gap in the cost of living between these two cities. Selma is 25% cheaper than Denver. With a cost index of 73 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Selma to Denver should plan for substantially higher expenses across most categories.
On the housing front, median rent in Denver is $1,098/month compared to $824/month in Selma — a 33% difference. Home values follow the same pattern: Selma is more affordable at $161,100 median vs $285,600.
Median household income in Denver is $73,393 compared to $37,440 in Selma (+96%). While Denver is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Denver spend roughly 18% of their income on rent, less than the 26.4% in Selma.
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