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EconPulse

Local economy signal dashboard

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PLACEStable

Gadsden, AL

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score50out of 100
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80
18
18
66
97

Population

33,374

Data freshness

Unknown

GDP / Output

+5.9% YoY

80

$4.0B

Output changed +5.9% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

18

7.2%

Unemployment is 7.2% for Latest available.

Vintage date unknown

State avg3.2%
U.S. avg5.2%

Population

-5.3% 5-year

18

33,374

Population moved -5.3% over the latest ACS window.

Vintage date unknown

State population5,086,768
U.S. population334,922,499

Housing

Rent share of income

66

24.0%

Median rent consumes 24.0% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.8K per resident

97

$805.9M

$805.9M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$71.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$805.9M

$7.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$636.9M
2. Department of Veterans Affairs$88.2M
3. Department of Health and Human Services$21.1M

Top recipients

Dollars
1. GADSDEN STATE COMMUNITY COLLEGE$19.7M
2. QUALITY OF LIFE HEALTH SERVICES, INC.$15.8M
3. STRATEGIX MANAGEMENT LLC$10.4M

Affordable

Housing Affordability

24.0%

of median income

1BR estimate$663
2BR estimate$873
Median income$40,345
Median home value$116,800

ACS context

Quick Facts

Population

33,374

Median age

38.6

Bachelor's degree+

15.5%

Poverty rate

28.1%

Labor force participation

51.8%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-1.1%

GDP CAGR

+5.8%

Federal flow

5 years

Population (5 years)
202035,224
202134,317
202233,881
202333,617
202433,374
GDP (5 years)
2020$3.0B
2021$3.3B
2022$3.6B
2023$3.8B
2024$4.0B

2-year linear forecast

Predictive Outlook

Population forecast

202433,374
202532,763 *
202632,323 *

R² = 91.4% · * projected

GDP forecast

2024$4.0B
2025$4.3B *
2026$4.5B *

R² = 99.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$40,345/yr
Median rent$808/mo
Rent share of income24.0%
Est. mortgage (30yr, 6.5%)$7,087/yr
Mortgage share of income17.6%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate7.2%
State avg3.2%
U.S. avg5.2%
Labor force participation51.8%
Poverty rate28.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$116,800
Median monthly rent$808
Price-to-rent ratio12.0x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score45/100
Economic growth80/100
Labor market18/100
Population momentum18/100
Overall stability50/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Gadsden city, Alabama

City/Town

Part of

Gadsden, AL

Nearby locations

Reece City, ALTidmore Bend, ALRidgeville, ALAttalla, ALGlencoe, AL