Wealth Index
Less wealthy than 80% of counties in Alabama
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 | Bibb County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $51,463 | $62,318 | $78,145 |
| Median Personal Income | $45,074 | $53,379 | $61,726 |
| Average income growth | 3.9% | 4.8% | 5.1% |
| Six-Figure Earners | 4.6% | 9.0% | 13.2% |
The median household income in Bibb County is about 17% lower than in Alabama. Income has been growing slower in Bibb County (3.9%/yr) than in Alabama (4.8%/yr).
About 5% of adults in Bibb County earn six figures ($100,000 or more) a year, lower than the Alabama average of 9%.
Median Household Income 2010–2023 Trend
Median Household Income Over Time
Median household income in Bibb County, Alabama grew by 22.2% from 2010 to 2023, reaching $51,463 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Bibb County | Gender Pay Gap | Gini Coefficient
| Metric | Bibb County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.572 | 0.570 |
| Male Median Income | $50,806 | $61,248 | $67,746 |
| Female Median Income | $38,764 | $45,616 | $54,793 |
| Gender Pay Gap | 23.7% | 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 Bibb County, it is 0.590, higher than Alabama's 0.572, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 31% more than women's income in Bibb County, Alabama. Over a 35-year career, a 31% wage gap accumulates to roughly $421,470 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bibb County, Alabama has narrowed from about 34% to 24% in 2023. In dollar terms, the gap has narrowed by $7,422 since 2009.
Employment
| Metric | Bibb County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.0% | 4.8% | 5.2% |
| Working from Home | 3.9% | 7.8% | 13.4% |
| Commute time (minutes) | 31 | 22 | 22 |
Approximately 936 people are unemployed in Bibb County, Alabama.
The average commute time in Bibb County is 31 minutes, longer than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bibb County, Alabama has risen from 9.6% to 10.0% in 2023.
Conclusion
Considering all these factors, Bibb County, 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 Bibb County, Alabama.
How Rich Is Bibb County, Alabama?
Bibb County 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 $51,463, about 17% lower than the Alabama average of $62,318.
What is the current median household income in Bibb County, Alabama?
As of 2023, the median household income in Bibb County, Alabama is $51,463.
What was the median household income in Bibb County in 2023?
In 2023, the median household income in Bibb County, Alabama was $51,463.
What was the median household income in Bibb County in 2020?
In 2020, the median household income in Bibb County, Alabama was $51,250.
What is the Gini coefficient in Bibb County, Alabama?
The Gini coefficient in Bibb County is 0.590. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Bibb County, Alabama?
Since 2009, the income gap between men and women in Bibb County, Alabama has narrowed from about 34% to 24% in 2023. In dollar terms, the gap has narrowed by $7,422 since 2009.