In current research, we’ve analyzed and examined the richest cities in different Deep South states, like Mississippi and Georgia. Right here, we’re going to try the richest cities of their mutual neighbor, Alabama. Though the median family revenue in Alabama — $54,943 — is near $14,000 lower than the median family revenue 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.
What Is the Richest Metropolis in Alabama?
In order that we might outline a “richest metropolis in Alabama,” we sourced knowledge from the Census Bureau’s 2021 American Group Survey 5-Yr Estimates (which is the newest knowledge accessible), together with median family revenue, imply family revenue, median house worth, and median property taxes paid, after which analyzed and scored every one in every of these components, assembling an inventory of the highest 50 richest cities in Alabama
With a view to absolutely grasp the figures, listed here are some vital notes about Census knowledge. 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 works as much as $2 million, with every little thing 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 revenue notably helpful in our evaluation of the wealthiest cities in Alabama. In contrast to median family revenue, the Census Bureau supplies imply (or common) family revenue with actual values for each metropolis in Alabama. All 4 of those metrics had 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: