Wealth Index
Less wealthy 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 | Dallas County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $36,247 | $62,318 | $78,145 |
| Median Personal Income | $38,084 | $53,379 | $61,726 |
| Average income growth | 3.7% | 4.8% | 5.1% |
| Six-Figure Earners | 3.8% | 9.0% | 13.2% |
The median household income in Dallas County is about 42% lower than in Alabama. Income has been growing slower in Dallas County (3.7%/yr) than in Alabama (4.8%/yr).
About 4% of adults in Dallas 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 Dallas County, Alabama grew by 36.4% from 2009 to 2023, reaching $36,247 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Dallas County | Gender Pay Gap | Gini Coefficient
| Metric | Dallas County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.572 | 0.570 |
| Male Median Income | $48,813 | $61,248 | $67,746 |
| Female Median Income | $34,476 | $45,616 | $54,793 |
| Gender Pay Gap | 29.4% | 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 Dallas County, it is 0.547, 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 42% more than women's income in Dallas County, Alabama. Over a 35-year career, a 42% wage gap accumulates to roughly $501,795 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dallas County, Alabama has widened from about 26% to 29% in 2023. In dollar terms, the gap has widened by $4,848 since 2009.
Employment
| Metric | Dallas County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.9% | 4.8% | 5.2% |
| Working from Home | 5.1% | 7.8% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 1,699 people are unemployed in Dallas County, Alabama.
The average commute time in Dallas County is 20 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dallas County, Alabama has fallen from 17.0% to 10.9% in 2023.
Conclusion
Considering all these factors, Dallas 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 Dallas County, Alabama.
How Rich Is Dallas County, Alabama?
Dallas 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 $36,247, about 42% lower than the Alabama average of $62,318.
What is the current median household income in Dallas County, Alabama?
As of 2023, the median household income in Dallas County, Alabama is $36,247.
What was the median household income in Dallas County in 2023?
In 2023, the median household income in Dallas County, Alabama was $36,247.
What was the median household income in Dallas County in 2020?
In 2020, the median household income in Dallas County, Alabama was $33,081.
What is the Gini coefficient in Dallas County, Alabama?
The Gini coefficient in Dallas County is 0.547. 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 Dallas County, Alabama?
Since 2009, the income gap between men and women in Dallas County, Alabama has widened from about 26% to 29% in 2023. In dollar terms, the gap has widened by $4,848 since 2009.