Gadsden County, Florida
More than double the national median for credit card delinquency.
Main Findings
Gadsden County, Florida ranks 23rd most distressed in the United States on the County Distress Index. The driver: 11% of credit card accounts are 60+ days past due — more than double the national median of 5%.
- 23rd of 3,144 counties on the County Distress Index — Crisis zone, 1st in Florida.
- 11% of credit card accounts are 60+ days past due (U.S. median 5%). Credit card delinquency at the 96th percentile nationally.
- Household income relative to state at 0.77× — national median 1.00×, ranked at the 6th percentile.
- Bankruptcy filing rate at 210 — national median 126, ranked at the 77th percentile.
- Rent-to-income ratio at 32% — national median 21%, ranked at the 97th percentile.
"Gadsden County represents a new class of American economic distress — a place where people have jobs, but can't close the gap between what they earn and what they owe."
"What the CDI is seeing in Crisis-zone counties is that unemployment is no longer the driver. It's consumer credit stress showing up in places that look fine on a jobs chart."
Reporter's Notes
Two data points in the indicator table worth a follow-up call.
Gadsden County's business formation rate indicator is at the 8th percentile — while every other indicator in the Economic Vitality domain is above the 70th. The gap stands out against rent-to-income ratio and house price change (YoY). Worth a call to Urban Institute or a local credit counselor in Gadsden County.
30% of children under 18 in Gadsden County live below the federal poverty line, versus 18% nationally. When a county's adult poverty rate is accompanied by a materially higher child poverty rate, the gap typically reflects single-parent household concentration or limited access to workforce-participation supports (childcare, transportation). Worth a call to the local school district's free-and-reduced-lunch coordinator or a regional United Way affiliate.
The Indicators Behind Gadsden County's CDI Score
Every number traces to a public source. Gadsden County's value shown alongside FL's median and the U.S. median. Full CSV available for download.
| Indicator | Gadsden | FL median | U.S. median | Pctile | Source |
|---|---|---|---|---|---|
| Consumer Credit Distress — domain score 94 · Rank 23 of 3,144 | |||||
| Debt in collections Share of residents with a credit file who have debt in collections | 41% | 28% | 23% | 96th | Urban Institute (2024) |
| Medical debt in collections Share of residents with a credit file who have medical debt in collections | 13% | 4% | 4% | 96th | Urban Institute (2024) |
| Auto loan delinquency Share of auto loan accounts 60+ days past due | 10% | 6% | 5% | 93rd | Urban Institute (2024) |
| Credit card delinquency Share of credit card accounts 60+ days past due | 11% | 7% | 5% | 96th | Urban Institute (2024) |
| Uninsured rate Share of residents without health insurance coverage | 16% | 12% | 8% | 91st | Census ACS 5-yr (2023) |
| Subprime credit share Share of residents with a credit score below 660 | 38% | 29% | 23% | 94th | Urban Institute (2024) |
| Housing Cost Burden — domain score 70 · Rank 763 of 3,144 | |||||
| Rent burden (30%+) Share of renter households paying 30%+ of income on rent | 41% | 50% | 38% | 64th | Census ACS 5-yr (2023) |
| Severe rent burden (50%+) Share of renter households paying 50%+ of income on rent | 24% | 25% | 18% | 84th | Census ACS 5-yr (2023) |
| Owner housing burden Share of owner households paying 30%+ of income on housing | 25% | 26% | 24% | 62nd | Census ACS 5-yr (2023) |
| Homeownership rate Share of occupied housing units that are owner-occupied | 73% | 75% | 74% | 43rd | Census ACS 5-yr (2023) |
| Structural Poverty — domain score 84 · Rank 245 of 3,144 | |||||
| Unemployment Share of labor force unemployed | 6% | 6% | 4% | 87th | BLS LAUS (Dec 2025) |
| Poverty rate Share of population below the federal poverty line | 22% | 14% | 14% | 90th | Census SAIPE (2023) |
| Household income relative to state Median household income as share of state median | 0.77× | 1.00× | 1.00× | 6th | Census SAIPE (2023) |
| Child poverty rate Share of children under 18 below the federal poverty line | 30% | 19% | 18% | 91st | Census SAIPE (2023) |
| Disability rate Share of residents reporting a disability | 20% | 17% | 16% | 79th | Census ACS 5-yr (2023) |
| Transfer-income dependency Share of personal income from government transfers | 31% | 27% | 27% | 68th | BEA Regional Personal Income (2023) |
| Legal Distress — domain score 77 · Rank 720 of 3,144 | |||||
| Bankruptcy filing rate Personal bankruptcy filings per 100,000 residents | 210 | 138 | 126 | 77th | US Courts F-5A (2025) |
| Economic Vitality — domain score 75 · Rank 311 of 3,144 | |||||
| Wage-to-rent ratio Ratio of average weekly wage to fair-market rent | 3.2× | 3.1× | 4.0× | 16th | BLS QCEW × HUD FMR (2024) |
| Rent-to-income ratio Fair Market Rent (2BR) as share of median household income | 32% | 27% | 21% | 97th | HUD FMR × Census ACS (2024) |
| Business formation rate New business applications per 1,000 residents | 17.6 | 17.3 | 10.0 | 92nd | Census Business Formation Statistics (2024) |
| House price change (yoy) House price index year-over-year change | -1% | 0% | 4% | 8th | FHFA HPI (2024) |
Five-Domain Breakdown
The CDI is a PCA-weighted composite of five statistically derived factors. Weights are proportional to each factor's share of explained variance across 3,144 counties.
Methodology
The County Distress Index is a 0–100 composite score of household financial distress, computed for all 3,144 U.S. counties. A score of 50 represents the national county median; higher scores indicate greater distress. The index is built from 21 indicators grouped into five statistically derived factors via principal component analysis (PCA); factor weights are proportional to each factor's share of explained variance (shown in the Five-Domain Breakdown above).
Data sources include the Urban Institute Debt in America (Equifax consumer credit panel), U.S. Census Bureau (American Community Survey 5-year, Small Area Income and Poverty Estimates, Business Formation Statistics), Bureau of Labor Statistics (Local Area Unemployment Statistics, Quarterly Census of Employment and Wages), U.S. Courts Administrative Office (F-5A bankruptcy filings), and HUD Fair Market Rents. Data vintages range from 2023 to 2025 depending on source; full indicator-level vintage detail is in the methodology document.
For Press & Research
Everything you need to cite Gadsden County data — in under 60 seconds.
Draft wire copy 162-word AP-style article — use freely with attribution
GADSDEN, Fla.. — Gadsden County ranks 23rd among the nation's most financially distressed counties, according to the County Distress Index released this month by American Default Research.
The composite score of 85 out of 100 places Gadsden in the "Crisis" zone, the highest-distress category on the index. Among 3,144 U.S. counties scored, only 22 rank worse. Within Florida, Gadsden ranks first of 67 counties.
The index, which draws on 21 indicators from the U.S. Census Bureau, Bureau of Labor Statistics, Urban Institute and federal court filings, identifies consumer credit distress as the primary driver in Gadsden. 11% of credit card accounts are 60+ days past due — more than double the national median of 5%.
"Gadsden County represents a new class of American economic distress — a place where people have jobs, but can't close the gap between what they earn and what they owe." said Ross Kilburn, founder of American Default Research.
Full methodology and county-by-county data are available at americandefault.org/methodology/cdi.
Frequently Asked Questions
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