Cost of Living in Goshen, AL

With a cost of living index of 67, Goshen, AL is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 7% below the Alabama state average of 74. Goshen is a small community of 378 residents.

Housing costs are the biggest factor in Goshen's cost of living. The median monthly rent is $868 (34% below the US median of $1,319), and the median home value sits at $115,000 (62% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Goshen is $49,013, which is 35% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Goshen. The area sees an average annual temperature of 64.5°F, with summers averaging 79°F and winters around 50°F. Annual rainfall totals 54.6 inches spread over roughly 0 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.