Oakboro, NC vs Selma, NC

Selma is moderately more affordable than Oakboro, with a 14.9% lower cost of living index. Oakboro scores 83 compared to 73 for Selma, where the US average is 100. This difference means residents of Oakboro can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Oakboro is $1,028/month compared to $824/month in Selma — a 25% difference. Home values follow the same pattern: Selma is more affordable at $161,100 median vs $235,800.

Median household income in Oakboro is $76,071 compared to $37,440 in Selma (+103.2%). While Oakboro is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Oakboro spend roughly 16.2% of their income on rent, less than the 26.4% in Selma.