Quick facts: Gadsden, AL

Quick Facts

93
Cost of Living
below US average
33,335
Population
86.01
Crime Rate per 1000
above US average
$39,696
Median Income
below US average
$199,000
Median House Price
above US average
$1298.0
Average Rent
below US average
15%
Poverty Rate
above US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $39,696.

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Income Needed to Buy

βœ— Stretch
$62k/year
Based on $199,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $62k vs median $39,696
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1298.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $39,696
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gadsden, AL

Gadsden, Alabama, is a charming city located in Etowah County in the northeastern part of the state. Nestled along the Coosa River, Gadsden boasts a rich history and a variety of cultural and recreational offerings. The city is known for its beautiful parks, such as Noccalula Falls Park, which features a stunning waterfall, botanical gardens, and a historical pioneer village. Gadsden has a diverse economy, with sectors including manufacturing, healthcare, and retail. It also has a growing arts scene, with local galleries and theaters showcasing the talents of the community. The city hosts several annual events and festivals, fostering a strong sense of community and tradition, including the popular Gadsden River Festival. Outdoor enthusiasts can enjoy activities like fishing, boating, and hiking, with several nearby lakes and nature trails. Gadsden is conveniently located within driving distance of larger urban centers, providing residents and visitors easy access to broader amenities while maintaining a quaint, small-town atmosphere. Whether you're looking for history, nature, or cultural events, Gadsden offers a welcoming experience for all.

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