Get current value selected in dropdown using jQuery

$("#citiesList").change(function() {
    alert($("#citiesList option:selected").text());
    alert($("#citiesList option:selected").val());              
});

citiesList is id of select tag

This is what you need :)

$('._someDropDown').live('change', function(e) {
    console.log(e.target.options[e.target.selectedIndex].text);
});

For new jQuery use on

$(document).on('change', '._someDropDown', function(e) {
    console.log(this.options[e.target.selectedIndex].text);
});

Check it Out-->

For getting text

$("#selme").change(function(){
 $(this[this.selectedIndex]).text();
});

For getting value

$("#selme").change(function(){
 $(this[this.selectedIndex]).val();
});

To get the text of the selected option

$("#your_select :selected").text();

To get the value of the selected option

$("#your_select").val();