Cost of Living: Madisonville, KY vs Gadsden, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madisonville | Gadsden |
|---|---|---|
| Housing Index | 80.0 | 85.0 |
| Median Home Price | $159,000 | $211,000 |
| Average Rent (2 BR Apartment) | $800 | $950 |
| Average Rent (2 BR House) | $850 | $960 |
Housing Comparison: Madisonville vs Gadsden
- The median home price in Gadsden is higher at $211,000, compared to $159,000 in Madisonville.
- In Gadsden, the rental for a two-bedroom apartment stands at $950, while it is $800 in Madisonville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madisonville | Gadsden |
|---|---|---|
| Electricity Price | $12.87 | $15.03 |
| Natural Gas Price | $22.78 | $21.76 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Madisonville vs Gadsden
- Gadsden has higher electricity costs at $15.03 per kWh, versus $12.87 in Madisonville.
- Natural gas is more expensive in Madisonville at $22.78 per unit, while it is cheaper at $21.76 in Gadsden.
- Utility expenses are equal in both Madisonville and Gadsden averaging $200.