Gadsden, AL is a great place to live. It has a cost of living that is below the US average, making it an attractive option for those looking to save money. The average rent for a two-bedroom apartment in Gadsden is only $790 per month, compared to the US average of $1,430. Grocery costs are also lower in Gadsden than they are in the US, with an index score of 92 compared to 100.
Gadsden provides several local amenities including restaurants, parks, shopping centers and more. Popular local restaurants include Big Daddy's Barbecue and Damons Diner. For outdoor activities, Noccalula Falls Park is a popular destination offering camping sites, trails and other recreational facilities. Shopping opportunities abound at the Gadsden Mall or the East Gadsden Plaza Shopping Center. There are also several large employers in town such as Goodyear Tire & Rubber Co., Walmart Distribution Center and Waffle House Inc corporate office.
Gadsden has an unemployment rate of 5.8%. The US average is 6.0%.
Gadsden has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Gadsden
- The Sales Tax Rate for Gadsden is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Gadsden is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gadsden
- The average income of a Gadsden resident is $17,981 a year. The US average is $28,555 a year.
- The Median household income of a Gadsden resident is $35,776 a year. The US average is $69,021 a year.