Wealth Index
Wealthier than 88% 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 | Coffee County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,712 | $62,318 | $78,145 |
| Median Personal Income | $54,317 | $53,379 | $61,726 |
| Average income growth | 4.0% | 4.8% | 5.1% |
| Six-Figure Earners | 9.7% | 9.0% | 13.2% |
The median household income in Coffee County is about 2% higher than in Alabama. Income has been growing slower in Coffee County (4.0%/yr) than in Alabama (4.8%/yr).
About 10% of adults in Coffee County earn six figures ($100,000 or more) a year, higher than the Alabama average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Coffee County, Alabama grew by 52.2% from 2009 to 2023, reaching $63,712 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Coffee County | Gender Pay Gap | Gini Coefficient
| Metric | Coffee County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.572 | 0.570 |
| Male Median Income | $65,258 | $61,248 | $67,746 |
| Female Median Income | $40,889 | $45,616 | $54,793 |
| Gender Pay Gap | 37.3% | 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 Coffee County, it is 0.568, 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 60% more than women's income in Coffee County, Alabama. Over a 35-year career, a 60% wage gap accumulates to roughly $852,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coffee County, Alabama has widened from about 31% to 37% in 2023. In dollar terms, the gap has widened by $10,619 since 2009.
Employment
| Metric | Coffee County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 4.1% | 7.8% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 999 people are unemployed in Coffee County, Alabama.
The average commute time in Coffee County is 20 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coffee County, Alabama has fallen from 6.8% to 4.1% in 2023.
Conclusion
Considering all these factors, Coffee County, Alabama has an overall wealth index grade of C, making it somewhat better than Alabama, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Coffee County, Alabama.
How Rich Is Coffee County, Alabama?
Coffee County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $63,712, about 2% higher than the Alabama average of $62,318.
What is the current median household income in Coffee County, Alabama?
As of 2023, the median household income in Coffee County, Alabama is $63,712.
What was the median household income in Coffee County in 2023?
In 2023, the median household income in Coffee County, Alabama was $63,712.
What was the median household income in Coffee County in 2020?
In 2020, the median household income in Coffee County, Alabama was $56,554.
What is the Gini coefficient in Coffee County, Alabama?
The Gini coefficient in Coffee County is 0.568. 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 Coffee County, Alabama?
Since 2009, the income gap between men and women in Coffee County, Alabama has widened from about 31% to 37% in 2023. In dollar terms, the gap has widened by $10,619 since 2009.