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 | Dothan | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,922 | $62,318 | $78,145 |
| Median Personal Income | $49,259 | $53,379 | $61,726 |
| Average income growth | 4.0% | 4.8% | 5.1% |
| Six-Figure Earners | 8.5% | 9.0% | 13.2% |
The median household income in Dothan is about 13% lower than in Alabama. Income has been growing slower in Dothan (4.0%/yr) than in Alabama (4.8%/yr).
About 9% of adults in Dothan earn six figures ($100,000 or more) a year, about the same as the Alabama average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Dothan, Alabama grew by 33.7% from 2009 to 2023, reaching $53,922 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Dothan | Gender Pay Gap | Gini Coefficient
| Metric | Dothan | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.572 | 0.570 |
| Male Median Income | $56,672 | $61,248 | $67,746 |
| Female Median Income | $42,703 | $45,616 | $54,793 |
| Gender Pay Gap | 24.6% | 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 Dothan, it is 0.574, 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 33% more than women's income in Dothan, Alabama. Over a 35-year career, a 33% wage gap accumulates to roughly $488,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dothan, Alabama has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has narrowed by $379 since 2009.
Employment
| Metric | Dothan | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 4.8% | 5.2% |
| Working from Home | 4.6% | 7.8% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 1,398 people are unemployed in Dothan, Alabama.
The average commute time in Dothan is 16 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dothan, Alabama has fallen from 7.9% to 4.7% in 2023.
Conclusion
Considering all these factors, Dothan, 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 Dothan, Alabama.
How Rich Is Dothan, Alabama?
Dothan 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 $53,922, about 13% lower than the Alabama average of $62,318.
What is the current median household income in Dothan, Alabama?
As of 2023, the median household income in Dothan, Alabama is $53,922.
What was the median household income in Dothan in 2023?
In 2023, the median household income in Dothan, Alabama was $53,922.
What was the median household income in Dothan in 2020?
In 2020, the median household income in Dothan, Alabama was $47,446.
What is the Gini coefficient in Dothan, Alabama?
The Gini coefficient in Dothan is 0.574. 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 Dothan, Alabama?
Since 2009, the income gap between men and women in Dothan, Alabama has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has narrowed by $379 since 2009.