| Rank | County | Per capita income |
|---|---|---|
| 1 | Shelby | $33,978 |
| 2 | Madison | $29,918 |
| United States | $27,334 | |
| 3 | Jefferson | $26,529 |
What is the wealthiest city in Alabama?
Mountain Brook, a suburb of Birmingham, is the wealthiest town in Alabama. According to 24/7 Wall Street, Mountain Brook has a median household income of $130,259 and a poverty rate of 2.6%.
What is the poorest county in Alabama?
Sumter County, located in western Alabama along the Mississippi state border, is the poorest county in Alabama and one of the poorest in the United States. A majority of households in Sumter earn less than $22,000 a year.
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.
What is considered wealthy 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.
Are there any billionaires in Alabama?
Alabama is a state that has a remarkably high number of rich people who have a net worth over a million or more, but there are very few billionaires.
How many millionaires live in Alabama?
46. Alabama. Alabama is another state where you don’t need a million bucks to live well. Although only 4.9% of its 1.9 million households hit the millionaire threshold, some of the cheapest home prices in the country help spread the wealth.
What is the whitest county in Alabama?
Lowndes County, Alabama
| Lowndes County | |
|---|---|
| Alabama’s location within the U.S. | |
| Coordinates: 32°09′N 86°39′W | |
| Country | United States |
| State | Alabama |
Is Alabama a good state to live in?
Boasting some of the country’s most affordable home prices, lowest cost-of-living indexes, and relatively low taxes, Alabama is a very affordable state to live in. The median home value in Alabama in a given year ranges between $135,000 and $145,000, giving you much more value than other housing markets in the country.
Is Alabama a rich or poor state?
It’s that figure that landed Alabama near the bottom of a list of the poorest states in America. 24/7 WallStreet used Census Bureau data to rank the states based on median household income. Alabama landed at number 45 out of the 50 states.
What percentage of Selma Alabama is black?
2019 (est.)
The racial makeup of the city was 80.3% Black or African American, 18.0% White, 0.20% Native American, 0.60% Asian, 0.1% other races, 0.80% from two or more races and Hispanics or Latinos, of any race, comprised 0.60% of the population.
What was Alabama called before it became a state?
| Alabama | |
|---|---|
| Country | United States |
| Before statehood | Alabama Territory |
| Admitted to the Union | December 14, 1819 (22nd) |
| Capital | Montgomery |
How poor is 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%. … At a county level, ten of Alabama’s 67 counties have a poverty rate higher than 25%. Eight counties have a poverty rate higher than 30%.
How much money do you need to retire in Alabama?
In Alabama, residents need an average of about $894,000 to live out their retirement years in relative comfort – below the national average of about $1.1 million. Retirees in Alabama need less retirement savings because of both lower average life expectancy and lower cost of living.
Who is the richest person in Alabama 2020?
Forbes names Alabama’s richest person. Forbes magazine named James W. “Jimmy” Rane Alabama’s wealthiest person. The Abbeville lumber manufacturer is valued at $700 million.
At what point are you considered a millionaire?
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency.