Wealth Index
Less wealthy than 71% 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 | Bullock County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $37,013 | $62,318 | $78,145 |
| Median Personal Income | $36,363 | $53,379 | $61,726 |
| Average income growth | 4.0% | 4.8% | 5.1% |
| Six-Figure Earners | 1.7% | 9.0% | 13.2% |
The median household income in Bullock County is about 41% lower than in Alabama. Income has been growing slower in Bullock County (4.0%/yr) than in Alabama (4.8%/yr).
About 2% of adults in Bullock 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 Bullock County, Alabama grew by 35.2% from 2009 to 2023, reaching $37,013 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Bullock County | Gender Pay Gap | Gini Coefficient
| Metric | Bullock County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.572 | 0.570 |
| Male Median Income | $40,990 | $61,248 | $67,746 |
| Female Median Income | $33,235 | $45,616 | $54,793 |
| Gender Pay Gap | 18.9% | 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 Bullock County, it is 0.563, lower than Alabama's 0.572, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Bullock County, Alabama. Over a 35-year career, a 23% wage gap accumulates to roughly $271,425 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bullock County, Alabama has narrowed from about 22% to 19% in 2023. In dollar terms, the gap has widened by $1,138 since 2009.
Employment
| Metric | Bullock County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 4.8% | 5.2% |
| Working from Home | 0.6% | 7.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 226 people are unemployed in Bullock County, Alabama.
The average commute time in Bullock County is 22 minutes, about the same as in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bullock County, Alabama has fallen from 15.5% to 5.9% in 2023.
Conclusion
Considering all these factors, Bullock 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 Bullock County, Alabama.
How Rich Is Bullock County, Alabama?
Bullock 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 $37,013, about 41% lower than the Alabama average of $62,318.
What is the current median household income in Bullock County, Alabama?
As of 2023, the median household income in Bullock County, Alabama is $37,013.
What was the median household income in Bullock County in 2023?
In 2023, the median household income in Bullock County, Alabama was $37,013.
What was the median household income in Bullock County in 2020?
In 2020, the median household income in Bullock County, Alabama was $34,439.
What is the Gini coefficient in Bullock County, Alabama?
The Gini coefficient in Bullock County is 0.563. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bullock County, Alabama?
Since 2009, the income gap between men and women in Bullock County, Alabama has narrowed from about 22% to 19% in 2023. In dollar terms, the gap has widened by $1,138 since 2009.