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2024 BEA RPP All 4 categories Federal source

Gadsden, AL

Cost-of-living indicators for Gadsden, AL, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 23460 · Data year: 2024 · Rank: #376 of 387

Gadsden, AL has a cost of living index of 85.7, meaning it's 14.3% less expensive than the national average. Goods cost 3.6% less, services 13.3% less, and rents are 46.3% below average. A $100K national salary has the purchasing power of $116,750 here.

What the Numbers Mean for Gadsden

Gadsden ranks #376 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the bottom quartile for cost. With an overall Regional Price Parity of 85.7, Gadsden, AL is 14.3% less expensive than the national baseline of 100. The gap between Gadsden's most and least expensive categories — the priciest line item versus rents at 53.7 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $116,750 inside Gadsden, while a household needs roughly $85,653 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 53.7 — 46.3% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Gadsden's overall index has stayed within 0.9 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 96.4 and services at 86.7, meaning everyday spending in Gadsden is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Gadsden Cost Index at a Glance

Gadsden all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10085.7

Gadsden category breakdown

BEA RPP composition by goods, services, rents, overall

Rents53.696Services86.712Goods96.397Overall85.653

Price Index Summary

Overall

85.7

-14.3 below avg

Goods

96.4

-3.6 below avg

Services

86.7

-13.3 below avg

Rents

53.7

-46.3 below avg

Price Index vs National Average (100)

Overall
National avg

Index 85.7 (-14.3 vs national avg)

Goods
National avg

Index 96.4 (-3.6 vs national avg)

Services
National avg

Index 86.7 (-13.3 vs national avg)

Rents
National avg

Index 53.7 (-46.3 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -46.3% (53.7)
Overall -14.3% (85.7)
Services -13.3% (86.7)
Goods -3.6% (96.4)

Income Adequacy in Gadsden

Gadsden income adequacy score

$75,000 median income vs RPP 85.7

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$85,653

in Gadsden, AL purchasing power

$50,000 nationally
$42,827
$75,000 nationally
$64,240
$125,000 nationally
$107,066
$150,000 nationally
$128,480
$200,000 nationally
$171,306

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has remained relatively stable, changing by only 0.9 points over this period.

Year Overall
2008 86.5
2009 88.4
2010 87.7
2011 88.8
2012 87.6
2013 88.6
2014 89.3
2015 88.2
2016 88.8
2017 87.3
2018 86.0
2019 86.2
2020 85.2
2021 84.4
2022 82.3
2023 85.9
2024 85.7

Metros with Similar Cost of Living

These metros have an overall RPP closest to Gadsden, AL's index of 85.7.

Related Data for Gadsden

Frequently Asked Questions

What is the cost of living in Gadsden, AL?
Gadsden, AL has a Regional Price Parity (RPP) index of 85.7, meaning it is 14.3% less expensive than the national average. Goods are indexed at 96.4, services at 86.7, and rents at 53.7. It ranks #376 out of 387 U.S. metro areas by overall cost.
What salary do I need in Gadsden, AL to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $85,653 in Gadsden, AL. Conversely, $100K earned in Gadsden, AL has the purchasing power of $116,750 at the national average.
How expensive is rent in Gadsden, AL?
Rents in Gadsden, AL are indexed at 53.7, which is 46.3% below the national average. This makes the area relatively affordable for renters.
Is Gadsden, AL getting more expensive?
From 2008 to 2024, Gadsden, AL's overall cost index changed by -0.9 points (from 86.5 to 85.7). The cost of living has remained relatively stable.
What metros have a similar cost of living to Gadsden, AL?
Metros with the most similar overall cost index include Alexandria, Joplin, Hot Springs. These areas have RPP values within a few points of Gadsden, AL's 85.7.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page