Living in Selma, Indiana
Cost of living, income, home prices, rent and demographics of Selma · Census data 2020–2024
Selma has 837 residents with a median age of 36.4. The median household income is $58,214 (19% lower than the Indiana median), the median home value is $106,400, the median rent is $910/month.
Selma is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Selma at a glance
- Population
- 837
- Median age
- 36.4State: 38.1
- Median household income
- $58,214State: $71,957
- Median home value
- $106,400State: $218,200
- Median rent
- $910/moState: $1,062
- Homeowners
- 73.5%
- Bachelor's degree or higher
- 10.2%
- Average commute
- 28 min
Is Selma a good place to live?
Pros: Home values 51% lower than the state median.
Cons: Median household income 19% lower than the Indiana median; an average commute of 28 minutes; unemployment of 8.6%; a poverty rate of 21%.
The weather is best in May and July to September.
Cost of living in Selma
Housing is the biggest part of the cost of living. In Selma the median home value is $106,400, 68% lower than the U.S. median. Renters pay a median of $910 per month, which is 23% of household income. Homeowners with a mortgage pay $1,085 a month in housing costs.
Selma median household income
The median household income in Selma is $58,214 and the income per person is $26,306. 21% of residents live below the poverty line (Indiana: 12.3%).
Housing in Selma: homes for sale and rent
- Housing units
- 345
- Owner-occupied
- 73.5%
- Renter-occupied
- 26.5%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.52
Selma demographics
- Population
- 837
- Median age
- 36.4
- Under 18
- 26.3%
- 65 and older
- 12.3%
- Households
- 328
- Foreign-born
- 1.2%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Selma ›
Education in Selma
10.2% of adults 25 and older in Selma have a bachelor's degree or higher (Indiana: 29.5%), and 2% have a graduate or professional degree.
Jobs and commute in Selma
- Unemployment rate
- 8.6%State: 4.3%
- Average commute
- 28 minState: 24 min
- Work from home
- 4.1%
- Drive alone
- 78.9%
- Public transit
- 1%
- Walk to work
- 0.8%
- Homes with broadband
- 97.9%
Selma vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Selma | 837 | $58,214 | $106,400 | $910 |
| Parker City | 1,211 | $58,558 | $94,200 | $717 |
| Muncie | 64,751 | $44,471 | $97,300 | $904 |
| Royerton | 295 | $135,068 | $112,500 | — |
| Farmland | 1,276 | $41,206 | $99,200 | $832 |
| Albany | 2,907 | $58,026 | $105,200 | $683 |
| Fairview | 306 | $40,114 | $9,999 | — |
| Blountsville | 170 | $52,375 | $70,600 | — |
| Eaton | 1,630 | $54,531 | $89,800 | $690 |
More for people moving to Selma
Selma ZIP code ›Weather and climate ›Living in Selma: FAQ
What is the median household income in Selma, IN?
The median household income in Selma is $58,214, 19% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Selma?
The median home value in Selma is $106,400, compared with $218,200 in Indiana.
How much is rent in Selma?
The median gross rent in Selma is $910 per month, about 23% of household income.
Is Selma, IN a good place to live?
Pluses: home values 51% lower than the state median. Minuses: median household income 19% lower than the Indiana median; an average commute of 28 minutes; unemployment of 8.6%; a poverty rate of 21%.
What is the median age in Selma?
The median age in Selma is 36.4 years (Indiana: 38.1).
How long is the commute in Selma?
The average commute to work in Selma is 28 minutes; 4.1% of workers work from home.
What is the unemployment rate in Selma?
The unemployment rate in Selma is 8.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Selma?
10.2% of adults in Selma have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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