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.
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What is considered a good income in Alabama?
Average Salary in Alabama
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $78,782 | $1,515 |
| 75th Percentile | $64,776 | $1,245 |
| Average | $53,786 | $1,034 |
| 25th Percentile | $43,330 | $833 |
How much do you have to make 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. Here’s how we came to this amount.
What is the average income of a family in Alabama?
According to the Census ACS 1-year survey, the median household income for Alabama was $51,734 in 2019, the latest figures available. Compared to the median US household income, Alabama median household income is $13,978 lower.
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 upper class income in 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 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 is 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.
Is Alabama a cheap place to live?
Alabama has one of the lowest housing costs in the country. Most people generally take for granted that Alabama has one of the lowest costs of living in the country. It turns out, however, that there are 11 states that are cheaper to call home than Alabama.Alabama was ranked the 12th least-expensive state.
What is a good living wage?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
What is the richest neighborhood in Alabama?
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 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.
How rich is Alabama?
Alabama has the 38th-highest per capita income in the United States of America, at $18,189 (2000). Its personal per capita income is $26,338 (2003), the 40th-highest in the country.
Is 100k a good salary in Alabama?
In fact, the definition of “rich” can vary widely from state-to-state.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.
Is 150k good salary?
The answer, at least according to a new survey of Americans by WSL/Strategic Retail, is $150,000.That level of income is more than three times the national median of $49,445 for 2010, and it’s enough to put a household into the top 10 percent nationally.
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 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.
How much do you have to make to live in Alabama?
Alabama comes in on the low end of the scale. You’ll need $39,920 a year, or $3,326 a month, to afford the median rent in Alabama ($998) and adhere to the 30 percent threshold guide.
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 the average family income in 2020?
$67,521
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.
What is a good salary for a family of 4?
Yes, a family of 4 can live on 100k per year. The average household income in the United States is approximately 73k according to the US Census Bureau. At this income level you would have to commute rather than live in the most expensive cities such as Boston, San Francisco, and Manhattan.
