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 | Blount County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,199 | $62,318 | $78,145 |
| Median Personal Income | $49,537 | $53,379 | $61,726 |
| Average income growth | 4.2% | 4.8% | 5.1% |
| Six-Figure Earners | 6.4% | 9.0% | 13.2% |
The median household income in Blount County is about 2% lower than in Alabama. Income has been growing slower in Blount County (4.2%/yr) than in Alabama (4.8%/yr).
About 6% of adults in Blount County 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 Blount County, Alabama grew by 34.6% from 2009 to 2023, reaching $61,199 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Blount County | Gender Pay Gap | Gini Coefficient
| Metric | Blount County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.572 | 0.570 |
| Male Median Income | $53,443 | $61,248 | $67,746 |
| Female Median Income | $44,344 | $45,616 | $54,793 |
| Gender Pay Gap | 17.0% | 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 Blount County, it is 0.569, 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 21% more than women's income in Blount County, Alabama. Over a 35-year career, a 21% wage gap accumulates to roughly $318,465 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Blount County, Alabama has narrowed from about 28% to 17% in 2023. In dollar terms, the gap has narrowed by $2,355 since 2009.
Employment
| Metric | Blount County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.8% | 5.2% |
| Working from Home | 4.6% | 7.8% | 13.4% |
| Commute time (minutes) | 33 | 22 | 22 |
Approximately 1,586 people are unemployed in Blount County, Alabama.
The average commute time in Blount County is 33 minutes, longer than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Blount County, Alabama has fallen from 9.1% to 5.8% in 2023.
Conclusion
Considering all these factors, Blount County, Alabama has an overall wealth index grade of D, making it about on par with Alabama, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Blount County, Alabama.
How Rich Is Blount County, Alabama?
Blount 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 $61,199, about 2% lower than the Alabama average of $62,318.
What is the current median household income in Blount County, Alabama?
As of 2023, the median household income in Blount County, Alabama is $61,199.
What was the median household income in Blount County in 2023?
In 2023, the median household income in Blount County, Alabama was $61,199.
What was the median household income in Blount County in 2020?
In 2020, the median household income in Blount County, Alabama was $48,558.
What is the Gini coefficient in Blount County, Alabama?
The Gini coefficient in Blount County is 0.569. 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 Blount County, Alabama?
Since 2009, the income gap between men and women in Blount County, Alabama has narrowed from about 28% to 17% in 2023. In dollar terms, the gap has narrowed by $2,355 since 2009.