How wealthy is Alabama?

Alabama has the 38th-highest per capita income

per capita income

Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.

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Per capita income - Wikipedia

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.

What is the wealthiest town in Alabama?

1. 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's considered rich in Alabama?

How much is rich 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 a good salary in Alabama?

While ZipRecruiter is seeing salaries as high as $119,049 and as low as $17,945, the majority of salaries within the Average jobs category currently range between $43,330 (25th percentile) to $64,776 (75th percentile) with top earners (90th percentile) making $78,782 annually in Alabama.

Top 10 Richest Person in Alabama [Update 2021]

What is a comfortable salary in Alabama?

As of May 14, 2022, the average annual pay for the Comfortable jobs category in Alabama is $39,063 a year. Just in case you need a simple salary calculator, that works out to be approximately $18.78 an hour. This is the equivalent of $751/week or $3,255/month.

What salary is upper class?

A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

Do any billionaires live in Alabama?

Alabama. Alabama's wealthiest man, Jimmy Rane, has a net worth of $900 million—the state is one of seven that have no billionaires. Rane, aka the “Yella Fella” of Great Southern Wood Preserving, made his fortune by building the modest family business into a billion-dollar company with his brother.

Who is the richest billionaire in Alabama?

The richest person in Alabama is Jimmy Rane. He has a net worth of $900 million. Back in 1970, Rane was an attorney in Birmingham when tragically, his wife's parents died in a car accident. So he purchased the company they had founded, Great Southern Wood Preserving, which makes decks and fences.

What is the poorest part of 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 poor state?

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.

Why is Alabama poor?

Alabama has long been one of the poorest states in the nation. Currently, more than 800,000 Alabamians live below the poverty line. The causes of Alabama poverty are complex and include historical factors like a state constitution that restricts fair and equitable taxation.

What is the richest U.S. state?

Is it expensive to live 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's the highest paying job in Alabama?

Is $18 an hour good in Alabama?

Average Salary in Alabama

It's ranked 37^th out of all 50 states for the average salary. This equates to around $18 as an average hourly rate, much higher than the minimum wage. Because there's such a wide range in salaries in Alabama, what you can expect to earn depends massively on your expertise and field of work.

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 most popular job in Alabama?

What is minimum wage in Alabama?

Here's the new minimum wage in every state as of 2022, according to the Department of Labor: Alabama: $7.25.

Is there anything good about Alabama?

Here in Alabama, we wave, smile, and are welcoming to strangers. Southern hospitality is just one of the many reasons why Alabama is such a great place to be. Alabama is known for serving a variety of delicious food, including fresh Gulf seafood, flavorful barbecue, ethnic cuisine, and homestyle food.

What city has the most millionaires?

The 10 cities with the highest raw number of ultrawealthy residents in 2020 were New York, with 11,475 ultrawealthy people; Hong Kong; Tokyo; Los Angeles; Chicago; San Francisco; Paris, Washington, D.C.; Osaka, Japan; and Dallas.