Selma, TX

Above Avg · 115

Texas · Population 11,302 · Updated March 2026

$1,796
Median Rent / Month
$97,153
Median Income
$288,700
Median Home Value
$1,802
Owner Costs / Month

Affordability

How far your income goes in Selma

22.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$21,552
Annual Rent
$0
State Income Tax
$4,619
Property Tax (est.)

Cost of Living Overview

Selma is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 115 (where 100 equals the national median), Selma residents can expect to pay median rent of $1,796/month while earning a median household income of $97,153/year.

The median home value in Selma, TX is $288,700, with typical monthly owner costs around $1,802 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Selma.

Frequently Asked Questions

Common questions about living costs in Selma

What is the cost of living in Selma, TX?
The cost of living index in Selma, TX is 115 (US average = 100). Median monthly rent is $1,796, median household income is $97,153/year, and the median home value is $288,700.
Is Selma, TX affordable?
No, Selma is more expensive than the national average with a cost index of 115. The rent-to-income ratio is 22.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Selma, TX?
The median gross rent in Selma, TX is $1,796 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,552.
What is the median household income in Selma?
The median household income in Selma, TX is $97,153 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.