The following data are the most current income statistics for Alabama from the US Census Bureau, are in 2019 inflation adjusted dollars and are from the American Community Survey 2019 5-year estimates. Median Household Income: $50,536. Average Household Income: $69,842.
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What is a good household income in Alabama?
Alabama Family Income
The ACS 1-year survey shows that the median family income for Alabama was $66,171 in 2019. Compared to the median US family income, Alabama median family income is $14,773 lower. Like the median household income numbers, 2020 family income data will be released in September of 2021.
How much does the average person in Alabama make?
Average Salary in Alabama
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $78,782 | $38 |
| 75th Percentile | $64,776 | $31 |
| Average | $53,786 | $26 |
| 25th Percentile | $43,330 | $21 |
What is upper middle class income Alabama?
On the other end, the upper range of middle class earners are as low as $148,210 and as high as $295,250.The household range for middle class earners in Alabama is $17,807 to $91,778 with a median family income of $66,171, the sixth lowest in the country.
What is considered upper class income in Alabama?
Alabama’s wealth threshold is $88,984. The state is tied with Arkansas for the fourth-lowest cost of living of all states and it’s also one of the places where you can get a larger home for less than $300,000 – the median price of a top-tier home in Alabama is $246,400.
What is 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 low income 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.
How much money do you need to live comfortably in Alabama?
To retire comfortably in the state of Alabama starting today, you will need to have saved at least $65,000.
What is the cost of living in Alabama?
Our cost of living indices are based on a US average of 100. An amount below 100 means Alabama is cheaper than the US average.
Alabama cost of living is 82.3.
| COST OF LIVING | Alabama | United States |
|---|---|---|
| Overall | 82.3 | 100 |
| Grocery | 94.4 | 100 |
| Health | 102.2 | 100 |
| Housing | 55.9 | 100 |
What’s the highest paying job in Alabama?
Medical Director
Detailed List Of Highest Paying Jobs In Alabama
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Medical Director | $172,677 |
| 2 | Consultant And Sales Representative | $168,785 |
| 3 | Chief Executive Officer/chief Technology Officer | $167,851 |
| 4 | Chief Medical Officer | $165,646 |
What is a good median household income?
Median Household Income by State 2021
| State | Median Household Income |
|---|---|
| Connecticut | $78,444 |
| Alaska | $77,640 |
| New Hampshire | $76,768 |
| California | $75,235 |
What salary is considered middle class for a single person?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Family of four |
|---|---|---|
| California | $29,851 – $89,552 | $59,702 – $179,105 |
| Colorado | $26,876 – $80,629 | $53,752 – $161,257 |
| Connecticut | $28,364 – $85,091 | $56,727 – $170,181 |
| Delaware | $26,146 – $78,437 | $52,291 – $156,873 |
What is considered high income for a single person?
For its purposes, the Pew Research Center considers a household to be upper class if its income is double the U.S. median household income. This means that, on average, a single person living alone needs to make just $78,281 to be considered upper class.
How many millionaires live in Alabama?
List
| Rank | State | Number of millionaire households |
|---|---|---|
| 26 | Alabama | 94,259 |
| 27 | Louisiana | 87,565 |
| 28 | Kentucky | 83,624 |
| 29 | Oklahoma | 75,567 |
What is the wealthiest county in Alabama?
Shelby
Alabama counties ranked by per capita income
| Rank | County | Per capita income |
|---|---|---|
| 1 | Shelby | $33,978 |
| 2 | Madison | $29,918 |
| United States | $27,334 | |
| 3 | Jefferson | $26,529 |
What is the salary for a middle class family?
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
What is the wealthiest city in Alabama?
Mountain Brook
If you want to kick it with Alabama’s wealthiest, there’s only one place to head – Mountain Brook. In terms of median income, Mountain Brook wipes the floor with the competition, with the average household sitting pretty on the mammoth income of $152,355.
What is upper class salary?
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Lower-middle class | $32,048 – $53,413 |
| Middle class | $53,413 – $106,827 |
| Upper-middle class | $106,827 – $373,894 |
| Rich | $373,894 and up |
What percentage of America makes over 100k?
Percentage distribution of household income in the U.S. in 2020
| Annual household income in U.S. dollars | Percentage of U.S. households |
|---|---|
| 75,000 to 99,999 | 12.2% |
| 100,000 to 149,999 | 15.3% |
| 150,000 to 199,999 | 8% |
| 200,000 and over | 10.3% |
What is the poorest US state?
New Hampshire
States, federal district, and territories
| Rank | State | Supplemental Poverty Measure (2017–2019 average) (Geographically Adjusted) |
|---|---|---|
| – | United States | 11.7% |
| 1 | New Hampshire | 8.3% |
| 2 | Utah | 8.0% |
| 3 | Maryland | 12.0% |
How much is low income for a single person?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
