How Much Money Do You Need to Live Comfortably in Alabama? While the amount you need to live comfortably will vary based on your lifestyle, MIT’s Living Wage Calculator cites that the typical single Alabaman will need to earn $13.77 an hour, or $28,642 per year, to qualify for a “living wage” in the state.
What is a livable salary in Alabama?
Living Wage Calculation for Alabama
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.91 | $21.16 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
What is a comfortable salary in Alabama?
While ZipRecruiter is seeing salaries as high as $72,631 and as low as $20,935, the majority of salaries within the Comfortable jobs category currently range between $24,779 (25th percentile) to $38,878 (75th percentile) with top earners (90th percentile) making $55,540 annually in Alabama.
What is good pay in Alabama?
Hourly Salary in Alabama
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $53,404 | $26 |
| 75th Percentile | $37,596 | $18 |
| Average | $38,035 | $18 |
| 25th Percentile | $23,498 | $11 |
How much money does a single person need to live comfortably?
This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.
What is middle class in Alabama?
Here are the income levels that qualify Alabamians as middle class: 2-person family middle class income range: $37,172.94 to $110,964. 3-person family middle-class income range: $42,604.63 to $127,178. 4-person family middle-class income range: $52,438.89 to $156,534.
What is the average single income in Alabama?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.2 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $52,035 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $28,934 |
Is it expensive to live in Alabama?
Alabama has the third-lowest cost of living in the country, with an index of 87.9. Alabama has the second-lowest housing prices, behind Mississippi. The typical single-family home in Alabama sells for $170,184, while a two-bedroom apartment costs $807 a month.
What are the best paying jobs in Alabama?
Highest-paying jobs in Alabama
- No. 1 – Orthopedic surgeons, except pediatric.
- No. 2 – Cardiologists.
- No. 3 Radiologists.
- No 4 – Obstetricians and gynecologists.
- No. 5 – Family medicine physicians.
- No. 1 – Family medicine physicians.
- No. 2 Chief executives.
- No. 3 – Dentists, general.
What are the best jobs in Alabama?
Detailed List Of Highest Paying Jobs In Alabama
| Rank | Job Title | # Of People |
|---|---|---|
| 1 | Medical Director | 1,010 |
| 2 | Consultant And Sales Representative | 1,641 |
| 3 | Chief Executive Officer/chief Technology Officer | 1,062 |
| 4 | Chief Medical Officer | 1,010 |
What is a good job to have in Alabama?
Good Paying Jobs in Alabama
- CDL A Driver. Ace Hardware.
- General Dentist – Helena, AL – 63717. Heartland Dental.
- Dental Hygienist – 64699. Heartland Dental.
- Warehouse Specialist. Ace Hardware.
- CDL Driver. Univar Solutions.
- Part-Time Acute Dialysis Registered Nurse II (RN)
- CDL A Local Truck Driver – Now Hiring.
- Restaurant Manager.
How much is $18 an hour monthly?
How much is $18 an hour monthly? Considering you work 40 hours a week, this equals a total of $2,880 a month before taxes.
What is a good salary at 30?
From ages 25-34, the median wage is $60,000 and will increase to a median wage of $90,000 by ages 45-59. Compare that with a major in the health field, which has a median wage of $53,000 at ages 25-34 and grows to a median wage of $72,000 by ages 45-59.
What is a comfortable salary in 2022?
To live comfortably in the US, a household’s income should be $70,000 or greater. However, most Americans are only earning an average income of $63,000.
What’s the poorest city in Alabama?
With a median household income of $9,286 (compared to $44,758 for the state), Oak Hill is the poorest community in Alabama.
What is low income Alabama?
Alabama is the sixth poorest state in the U.S., and 16.9% of Alabamians live below the federal poverty threshold – a noticeably larger percentage than the national average of 13.4%. The federal poverty threshold ranges from $12,488 for one person to $25,094 for a family of four.
What is the richest part of Alabama?
Mountain Brook is being credited as the richest town in the state of Alabama. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Mountain Brook as having a median household income of $152,355 (112.8% more than the U.S. median income).
What is the cheapest city in Alabama to live in?
Gadsden. Gadsen tops our list of the most affordable cities in Alabama.
What is the cheapest US state to live in?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
Is it cheaper to live in Al or Fl?
Alabama is 3.1% more expensive than Florida.
What is the most common job in Alabama?
The most common jobs held by residents of Alabama, by number of employees, are Cashiers (61,386 people), Driver/sales workers & truck drivers (61,018 people), and Registered nurses (57,501 people).