Cost of Living in Selma, VA

With a cost of living index of 80, Selma, VA is a very affordable place to live. Living here is 20% cheaper than the national average and 24% below the Virginia state average of 104. Selma is a small community of 333 residents.

The median household income in Selma is $58,603, which is 22% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Selma. The area sees an average annual temperature of 58.1°F, with summers averaging 76°F and winters around 40°F. Annual rainfall totals 42.8 inches spread over roughly 121 days.

Everyday prices in the Roanoke, VA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.