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.