Cost of Living in Wadley, AL

With a cost of living index of 61, Wadley, AL is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 13% below the Alabama state average of 74. Wadley is a small community of 837 residents.

Housing costs are the biggest factor in Wadley's cost of living. The median monthly rent is $460 (65% below the US median of $1,319), and the median home value sits at $191,100 (37% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Wadley is $47,788, which is 36% lower than the national median of $75,149. Residents spend roughly 12% 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 Wadley. The area sees an average annual temperature of 63.1°F, with summers averaging 79°F and winters around 46°F. Annual rainfall totals 52.1 inches spread over roughly 119 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.