Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Anniston | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $45,136 | $62,318 | $78,145 |
| Median Personal Income | $46,717 | $53,379 | $61,726 |
| Average income growth | 5.3% | 4.8% | 5.1% |
| Six-Figure Earners | 5.3% | 9.0% | 13.2% |
The median household income in Anniston is about 28% lower than in Alabama. Income has been growing faster in Anniston (5.3%/yr) than in Alabama (4.8%/yr).
About 5% of adults in Anniston earn six figures ($100,000 or more) a year, lower than the Alabama average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Anniston, Alabama grew by 39.0% from 2009 to 2023, reaching $45,136 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Anniston | Gender Pay Gap | Gini Coefficient
| Metric | Anniston | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.572 | 0.572 | 0.570 |
| Male Median Income | $53,029 | $61,248 | $67,746 |
| Female Median Income | $39,703 | $45,616 | $54,793 |
| Gender Pay Gap | 25.1% | 25.5% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Anniston, it is 0.572, about the same as Alabama's 0.572, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 34% more than women's income in Anniston, Alabama. Over a 35-year career, a 34% wage gap accumulates to roughly $466,410 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Anniston, Alabama has narrowed from about 27% to 25% in 2023. In dollar terms, the gap has widened by $2,812 since 2009.
Employment
| Metric | Anniston | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 4.8% | 5.2% |
| Working from Home | 4.0% | 7.8% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 593 people are unemployed in Anniston, Alabama.
The average commute time in Anniston is 18 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Anniston, Alabama has fallen from 15.3% to 6.0% in 2023.
Conclusion
Considering all these factors, Anniston, Alabama has an overall wealth index grade of D, making it somewhat worse than Alabama, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Anniston, Alabama.
How Wealthy Is Anniston, Alabama?
Anniston has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $45,136, about 28% lower than the Alabama average of $62,318.
What is the current median household income in Anniston, Alabama?
As of 2023, the median household income in Anniston, Alabama is $45,136.
What was the median household income in Anniston in 2023?
In 2023, the median household income in Anniston, Alabama was $45,136.
What was the median household income in Anniston in 2020?
In 2020, the median household income in Anniston, Alabama was $42,785.
What is the Gini coefficient in Anniston, Alabama?
The Gini coefficient in Anniston is 0.572. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Anniston, Alabama?
Since 2009, the income gap between men and women in Anniston, Alabama has narrowed from about 27% to 25% in 2023. In dollar terms, the gap has widened by $2,812 since 2009.