The Richest Cities In Alabama As Revealed By Latest Census Data

A bunch of high-end luxurious seaside properties alongside the coast close to the state line between Alabama and … [+] Florida in Orange Seashore, Alabama. Orange Seashore ranked among the many prime 50 wealthiest cities in Alabama.

getty

In latest research, we’ve analyzed and examined the richest cities in different Deep South states, like Mississippi and Georgia. Right here, we’re going to check out the richest cities of their mutual neighbor, Alabama. Though the median family earnings in Alabama — $54,943 — is near $14,000 lower than the median family earnings for america — $69,021 — there are nonetheless many cities in Alabama with excessive incomes.

Learn on and discover out what the richest metropolis in Alabama is, in addition to the highest 50 wealthiest cities within the state.

Housing affordability improves for the UK’s first-time buyers

How London’s housing market stagnated

What Is the Richest Metropolis in Alabama?

In order that we might outline a “richest metropolis in Alabama,” we sourced information from the Census Bureau’s 2021 American Community Survey 5-Year Estimates (which is the most recent information accessible), together with median family earnings, imply family earnings, median house worth, and median property taxes paid, after which analyzed and scored every certainly one of these components, assembling an inventory of the highest 50 richest cities in Alabama

So as to totally grasp the figures, listed here are some necessary notes about Census information. The Census Bureau measures median family incomes as much as $250,000, with households incomes extra being denoted as “$250,000+”. Equally, the Census does this with median house worth, which fits as much as $2 million, with all the things above that being expressed as “$2,000,000+”. Lastly, the identical limits apply to measuring median property taxes paid, which go as much as $10,000 and any quantity above that’s denoted as “$10,000+”.

That is what makes mean household income notably helpful in our evaluation of the wealthiest cities in Alabama. In contrast to median family earnings, the Census Bureau supplies imply (or common) family earnings with actual values for each metropolis in Alabama. All 4 of those metrics have been scored, added up, after which ranked by the cities’ mixed scores.

Under you’ll discover a desk detailing the highest 50 richest cities in Alabama and their respective greenback figures for every metric:

Source link