Cost of Living in Gadsden, AL
Housing
The housing market plays a significant role in determining the cost of living in Gadsden, AL.
- Housing Index: 85.0 / 100
- Median Home Price is: $211,000
- Average Rent (2 BR Apartment): $950 per month
- Average Rent (2 BR House): $960 per month
Considering a move to Gadsden, AL offers a relatively budget-friendly option for housing, with a housing index of 85.0 suggesting affordability compared to the national average. The median home price of 211000 indicates a viable opportunity for homeownership. Renting might also be appealing, with average rents for a 2-bedroom apartment at 950 and a house at 960. Compared to other regions, these figures position Gadsden as an attractive choice for families seeking dwellings at a moderate price point. Overall, this area looks promising for both renters and buyers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gadsden, AL.
- Electricity Price: $15.03 USD (median by state)
- Natural Gas Price: $21.76 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Gadsden, AL could entail higher utility costs. Electricity costs sit at $15.03, while natural gas is priced at $21.76 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Gadsden is a financially viable option for your relocation.