Selmer, TN vs Spencer, TN

Selmer, TN and Spencer, TN have a very similar cost of living, with only a 1.9% difference in their overall index. Selmer scores 62 while Spencer scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Selmer is $671/month compared to $643/month in Spencer — a 4% difference. Interestingly, home values tell a different story: while Spencer has cheaper rent, Selmer actually has lower median home values ($111,600 vs $135,000).

Median household income in Selmer is $48,092 compared to $46,563 in Spencer (+3.3%). Selmer offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Selmer spend roughly 16.7% of their income on rent, more than the 16.6% in Spencer.