Cost of Living: Gadsden, AL vs Faulkner, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Gadsden | Faulkner |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $211,000 | $420,000 |
| Average Rent (2 BR Apartment) | $950 | $Data is updating |
| Average Rent (2 BR House) | $960 | $Data is updating |
Housing Comparison: Gadsden vs Faulkner
- The median home price in Faulkner is higher at $420,000, compared to $211,000 in Gadsden.
- The rent for a two-bedroom apartment is equal in both Gadsden and Faulkner at $950.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Gadsden | Faulkner |
|---|---|---|
| Electricity Price | $15.03 | $17.41 |
| Natural Gas Price | $21.76 | $18.44 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Gadsden vs Faulkner
- Faulkner has higher electricity costs at $17.41 per kWh, versus $15.03 in Gadsden.
- Natural gas is more expensive in Gadsden at $21.76 per unit, while it is cheaper at $18.44 in Faulkner.
- Utility expenses are equal in both Gadsden and Faulkner averaging $200.