Cost of Living: Gadsden, AL vs Covington, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Gadsden | Covington |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $211,000 | $205,000 |
| Average Rent (2 BR Apartment) | $950 | $1200 |
| Average Rent (2 BR House) | $960 | $1000 |
Housing Comparison: Gadsden vs Covington
- In Gadsden, the median home price is higher at $211,000, while in Covington it is $205,000.
- Renting a two-bedroom apartment costs more in Gadsden at $950 than in Covington at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Gadsden | Covington |
|---|---|---|
| Electricity Price | $15.03 | $12.57 |
| Natural Gas Price | $21.76 | $12.35 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Gadsden vs Covington
- Electricity costs are higher in Gadsden at $15.03 per kWh, compared to $12.57 in Covington.
- Natural gas is more expensive in Gadsden at $21.76 per unit, while it is cheaper at $12.35 in Covington.
- Utility expenses are equal in both Gadsden and Covington averaging $200.