Gadsden, AL Cost Of Living
Cost Of Living In Gadsden, AL Summary
Cost of living in Gadsden research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Gadsden is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Gadsden is 81, with 100 being the average.
The cost of living index in Gadsden is 0.8x lower than the national average.
Gadsden ranks as the #6 cheapest in Alabama out of 115.
Gadsden ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Gadsden is $81,600.
The median income in Gadsden is $35,776.
Table Of Contents
Gadsden's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gadsden, AL?
According to the most recent data on the cost of living, Gadsden has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Alabama, Gadsden has a cost of living index that's 0.9x lower than Alabama's index of 88.
The standard of living in Gadsden ranks as #6 most affordable out of the 115 places we measured in Alabama. By definition, that implies Gadsden ranks as the #109 most expensive place in the Heart of Dixie.
For more reading on life in Gadsden, check out:
- Living In Gadsden
- Gadsden Crime Report
- Search Homes For Sale In Gadsden, AL
In Alabama
In America
Gadsden Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Gadsden. Here is how it fairs on each of the criteria:
The Services index in Gadsden is 91.
The Groceries index in Gadsden is 88.
The Health index in Gadsden is 84.
The Housing index in Gadsden is 47.
The Transportation index in Gadsden is 88.
The Utilities index in Gadsden is 124.
| Living Expense | Gadsden | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 81 | 88 | 100 | |
| Services | 91 | 95 | 100 | |
| Groceries | 88 | 97 | 100 | |
| Health | 84 | 88 | 100 | |
| Housing | 47 | 69 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 124 | 101 | 100 | |
Gadsden, AL Housing Cost Breakdown
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Gadsden is $81,600.
The Median Rent in Gadsden is $687.
The Median Income in Gadsden is $35,776.
The Home Value To Income in Gadsden is 2.3x.
The Rent To Monthly Income in Gadsden is 0.23x.
| Statistic | Gadsden | Alabama | United States |
|---|---|---|---|
| Median Home Value | $81,600 | $157,100 | $244,900 |
| Median Rent | $687 | $852 | $1,163 |
| Median Income | $35,776 | $54,943 | $69,021 |
| Home Value To Income | 2.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Gadsden, AL Costs By Category
Detailed Gadsden Services Costs Vs. Alabama
Detailed Gadsden Groceries Costs Vs. Alabama
Detailed Gadsden Health Costs Vs. Alabama
Detailed Gadsden Transportation Costs Vs. Alabama
Detailed Gadsden Utilities Costs Vs. Alabama
Gadsden SnackAbility
/10
Cost Of Living In Cities Around Gadsden
The cost of living varies in the cities and towns around Gadsden. Here's a quick look at the cost of living in the most populous nearby places:
Anniston, AL has a cost of living index of 84, 1.0x Gadsden.
Cullman, AL has a cost of living index of 88, 1.1x Gadsden.
Talladega, AL has a cost of living index of 80, 1.0x Gadsden.
| City | Population | Cost Of Living | Vs. Gadsden |
|---|---|---|---|
| Anniston, AL | 21,455 | 84 | 1.0x |
| Cullman, AL | 17,892 | 88 | 1.1x |
| Talladega, AL | 15,782 | 80 | 1.0x |
| Scottsboro, AL | 15,446 | 92 | 1.1x |
| Fort Payne, AL | 14,730 | 85 | 1.0x |
| Irondale, AL | 13,457 | 91 | 1.1x |
| Moody, AL | 13,100 | 92 | 1.1x |
| Jacksonville, AL | 13,076 | 86 | 1.1x |
| Saks, AL | 10,504 | 83 | 1.0x |
| Cedartown, GA | 10,091 | 82 | 1.0x |
