Table
| Population | |
|---|---|
| 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 |
| Persons in poverty, percent | 14.9% |
What is the average individual income in Alabama?
Personal income in Alabama – income per capita 2000-2021
In 2021, the per capita personal income in Alabama was 48,608 U.S. dollars. This is an increase from the previous year, when the per captia personal income in the state stood at 45,524 U.S. dollars.
What is considered middle class income 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 a good income in Alabama?
While ZipRecruiter is seeing salaries as high as $130,735 and as low as $17,944, the majority of salaries within the Average jobs category currently range between $42,296 (25th percentile) to $64,085 (75th percentile) with top earners (90th percentile) making $85,447 annually in Alabama.
What is the average one person income?
2020 Individual Income Percentiles for the United States
To recap, the summary statistics for individual earners: Top 1%: $361,020.00. Median individual income: $43,206.00. Average individual income: $62,518.13.
What is the wealthiest town in Alabama?
Mountain Brook
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 cost of living in Alabama?
Average Cost of Living in Alabama: $35,859 per year
The Bureau of Economic Analysis cites that the average cost of living in Alabama is around $35,859 per year for a typical single individual.
What is the poorest town in Alabama?
Oak Hill
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 salary is upper class?
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is a good hourly wage 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 |
What is the poverty line in Alabama for 1 person?
Alabama is the fifth poorest state in the U.S., and 16.8% of Alabamians live below the federal poverty threshold – a noticeably larger percentage than the national average of 13.1%. The federal poverty thresholds range from $12,784 for one person to $25,701 for a family of four.
What is a good salary for a single woman?
The average salary for a single person is $1,089 for men and $900 for women per week in the US. This equates to an annual income of $56,628 for men and $46,800 for women on average. So with men earning four figures in money and women getting three figures a week, is that how much you can expect to get too?
What salary is middle-class for a single person?
The Pew Research Center has put a financial definition to the term “middle income.” To be considered part of that group in 2021—which is synonymous with middle-class, according to Pew—a single American must have earned $30,003 to $90,010, according to a new set of reports released Wednesday.
How much does the average single American make?
The Bureau of Labor Statistics reported a median weekly personal income of $1,037 for full-time workers in Q1 2022. The U.S. Census Bureau estimated median annual earnings at $41,535 in 2020 for workers aged 15 and over with earnings and $56,287 in 2020 for those who worked full-time, year round.
What city in Alabama has the most millionaires?
1. Mountain Brook. If you want to kick it with Alabama’s wealthiest, there’s only one place to head – Mountain Brook.
How many millionaires live in Alabama?
List
| Rank | State | Number of millionaire households |
|---|---|---|
| 23 | Connecticut | 130,291 |
| 24 | Oregon | 108,858 |
| 25 | South Carolina | 108,812 |
| 26 | Alabama | 94,259 |
Where is the cheapest place to live in Alabama?
The 10 Most Affordable Cities in Alabama
- Gadsden.
- Talladega.
- Bessemer.
- Birmingham.
- Fairfield.
- Anniston.
- Sylacauga.
- Selma.
Is it cheaper to live in Al or Fl?
Alabama is 3.1% more expensive than Florida.
Where is the cheapest state to live?
Mississippi
Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Why is Alabama so poor?
The causes of Alabama poverty are complex and include historical factors like a state constitution that restricts fair and equitable taxation. But present-day choices worsen and further entrench poverty in Alabama, diverting people away from the workforce and into an endless spiral of punishment.