Wealth Index
Less wealthy than 91% 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 | Escambia County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,388 | $62,318 | $78,145 |
| Median Personal Income | $42,389 | $53,379 | $61,726 |
| Average income growth | 4.6% | 4.8% | 5.1% |
| Six-Figure Earners | 4.0% | 9.0% | 13.2% |
The median household income in Escambia County is about 29% lower than in Alabama. Income has been growing slower in Escambia County (4.6%/yr) than in Alabama (4.8%/yr).
About 4% of adults in Escambia 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 Escambia County, Alabama grew by 35.6% from 2009 to 2023, reaching $44,388 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Escambia County | Gender Pay Gap | Gini Coefficient
| Metric | Escambia County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.603 | 0.572 | 0.570 |
| Male Median Income | $46,202 | $61,248 | $67,746 |
| Female Median Income | $37,077 | $45,616 | $54,793 |
| Gender Pay Gap | 19.7% | 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 Escambia County, it is 0.603, 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 25% more than women's income in Escambia County, Alabama. Over a 35-year career, a 25% wage gap accumulates to roughly $319,375 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Escambia County, Alabama has narrowed from about 24% to 20% in 2023. In dollar terms, the gap has widened by $495 since 2009.
Employment
| Metric | Escambia County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.1% | 4.8% | 5.2% |
| Working from Home | 1.7% | 7.8% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 1,313 people are unemployed in Escambia County, Alabama.
The average commute time in Escambia County is 17 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Escambia County, Alabama has fallen from 11.5% to 9.1% in 2023.
Conclusion
Considering all these factors, Escambia 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 Escambia County, Alabama.
How Wealthy Is Escambia County, Alabama?
Escambia 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 $44,388, about 29% lower than the Alabama average of $62,318.
What is the current median household income in Escambia County, Alabama?
As of 2023, the median household income in Escambia County, Alabama is $44,388.
What was the median household income in Escambia County in 2023?
In 2023, the median household income in Escambia County, Alabama was $44,388.
What was the median household income in Escambia County in 2020?
In 2020, the median household income in Escambia County, Alabama was $35,551.
What is the Gini coefficient in Escambia County, Alabama?
The Gini coefficient in Escambia County is 0.603. 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 Escambia County, Alabama?
Since 2009, the income gap between men and women in Escambia County, Alabama has narrowed from about 24% to 20% in 2023. In dollar terms, the gap has widened by $495 since 2009.