Wealth Index
Less wealthy than 86% 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 | Clarke County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,738 | $62,318 | $78,145 |
| Median Personal Income | $46,392 | $53,379 | $61,726 |
| Average income growth | 5.7% | 4.8% | 5.1% |
| Six-Figure Earners | 6.5% | 9.0% | 13.2% |
The median household income in Clarke County is about 22% lower than in Alabama. Income has been growing faster in Clarke County (5.7%/yr) than in Alabama (4.8%/yr).
About 7% of adults in Clarke 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 Clarke County, Alabama grew by 79.3% from 2009 to 2023, reaching $48,738 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Clarke County | Gender Pay Gap | Gini Coefficient
| Metric | Clarke County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.624 | 0.572 | 0.570 |
| Male Median Income | $56,444 | $61,248 | $67,746 |
| Female Median Income | $40,993 | $45,616 | $54,793 |
| Gender Pay Gap | 27.4% | 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 Clarke County, it is 0.624, 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 38% more than women's income in Clarke County, Alabama. Over a 35-year career, a 38% wage gap accumulates to roughly $540,785 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clarke County, Alabama has narrowed from about 46% to 27% in 2023. In dollar terms, the gap has narrowed by $5,618 since 2009.
Employment
| Metric | Clarke County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 13.2% | 4.8% | 5.2% |
| Working from Home | 2.6% | 7.8% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 1,218 people are unemployed in Clarke County, Alabama.
The average commute time in Clarke County is 18 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clarke County, Alabama has fallen from 14.5% to 13.2% in 2023.
Conclusion
Considering all these factors, Clarke 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 Clarke County, Alabama.
How Rich Is Clarke County, Alabama?
Clarke 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 $48,738, about 22% lower than the Alabama average of $62,318.
What is the current median household income in Clarke County, Alabama?
As of 2023, the median household income in Clarke County, Alabama is $48,738.
What was the median household income in Clarke County in 2023?
In 2023, the median household income in Clarke County, Alabama was $48,738.
What was the median household income in Clarke County in 2020?
In 2020, the median household income in Clarke County, Alabama was $38,502.
What is the Gini coefficient in Clarke County, Alabama?
The Gini coefficient in Clarke County is 0.624. 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 Clarke County, Alabama?
Since 2009, the income gap between men and women in Clarke County, Alabama has narrowed from about 46% to 27% in 2023. In dollar terms, the gap has narrowed by $5,618 since 2009.