get text of selected option jquery
$('#id').children(':selected').text();
get text of selected option jquery
$('#id').children(':selected').text();
get text selected option jquery
$('#id option:selected').text()
jquery selected option text
$("#mySelect option:selected").html();
jquery select option by text
$("#myDropdown option:contains(Option 2)").attr('selected', 'selected');
get option value jquery
<select id="state">
<option value="state1" data-id="1">state1</option>
<option value="state2" data-id="2">state2</option>
<option value="state3" data-id="3">state3</option>
</select>
$('#state option[data-id="2"]').val();
//output state2
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