Gadsden, AL Metro Area is an affordable place to live. The average 2 bedroom rent in Gadsden is only $770 compared to $1,430 in the US, making it a great value for those looking for reasonable housing costs. This southern city also boasts a low cost of living with its grocery cost index of 94 versus 100 in the US. Local businesses such as Alabama Power Company, Quality Products Inc., and Wal-Mart make up the backbone of the economy, providing jobs and stimulating growth in the area. In conclusion, Gadsden offers affordable housing and low cost of living that make it an ideal city for individuals and families alike.
Gadsden Metro Area has an unemployment rate of 4.0%. The US average is 6.0%.
Gadsden Metro Area 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 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Gadsden Metro Area
- The Sales Tax Rate for Gadsden Metro Area is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Gadsden Metro Area 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 Metro Area
- The average income of a Gadsden Metro Area resident is $20,445 a year. The US average is $28,555 a year.
- The Median household income of a Gadsden Metro Area resident is $46,984 a year. The US average is $69,021 a year.