What Is The Average Household Income In Alabama?

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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 considered high income in Alabama?

Alabama ranked eighth on the list for places where you can be considered “rich” if your household income is less than $100,000 a year. Alabama’s wealth threshold is $88,984.

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 upper middle class in Alabama?

What the study found is the cost of living varies significantly from state-to-state with the bottom threshold for being middle class as low $15,165 and as high as $41,532 . On the other end, the upper range of middle class earners are as low as $148,210 and as high as $295,250.

What is a comfortable salary in Alabama?

As of Aug 2, 2022, the average annual pay for the Comfortable jobs category in Alabama is $38,862 a year. Just in case you need a simple salary calculator, that works out to be approximately $18.68 an hour. This is the equivalent of $747/week or $3,239/month.

What is the richest 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 a good household income in Alabama?

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What salary is considered rich for a single person?

With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.

What is the poverty line in Alabama?

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 the wealthiest county in Alabama?

50 Richest Counties in Alabama by Per Capita Income

How much does it cost to live in Alabama?

Average Cost of Living in Alabama: $35,859 per year.

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 is the median US salary?

Median household income was $67,521 in 2020, a decrease of 2.9 percent from the 2019 median of $69,560 (Figure 1 and Table A-1). This is the first statistically significant decline in median household income since 2011.

How do you know if you are middle class?

The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau. 21 Using Pew’s yardstick, middle income is made up of people who make between $43,350 and $130,000.

What is an upper middle class lifestyle?

In the United States, the upper middle class is defined as consisting of white-collar professionals who have above-average personal incomes, advanced educational degrees and a high degree of autonomy in their work, leading to higher job satisfaction.

What is a teacher salary in Alabama?

How much does a Public School Teacher make in Alabama? The average Public School Teacher salary in Alabama is $51,670 as of July 26, 2022, but the range typically falls between $43,154 and $62,998.

What is Alabama minimum wage?

$7.25 per hour
Alabama. No state minimum wage law. Employers subject to the Fair Labor Standards Act must pay the current Federal minimum wage of $7.25 per hour.

How much is minimum wage in Alabama?

$7.25
State Minimum Wage Rates 2022 vs. 2023

What is the poorest town 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.

How many millionaires live in Alabama?

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