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 the USA — $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.
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 out there), together with median family earnings, imply family earnings, median residence worth, and median property taxes paid, after which analyzed and scored every one among these elements, assembling a listing of the highest 50 richest cities in Alabama
With a view to absolutely grasp the figures, listed here are some essential 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 residence worth, which fits as much as $2 million, with all the pieces 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 imply family earnings significantly helpful in our evaluation of the wealthiest cities in Alabama. Not like 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.
Beneath you’ll discover a desk detailing the highest 50 richest cities in Alabama and their respective greenback figures for every metric: