Wealth Index
Less wealthy than 76% 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 | Hale County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $41,211 | $62,318 | $78,145 |
| Median Personal Income | $43,995 | $53,379 | $61,726 |
| Average income growth | 3.5% | 4.8% | 5.1% |
| Six-Figure Earners | 3.8% | 9.0% | 13.2% |
The median household income in Hale County is about 34% lower than in Alabama. Income has been growing slower in Hale County (3.5%/yr) than in Alabama (4.8%/yr).
About 4% of adults in Hale 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 Hale County, Alabama grew by 38.0% from 2009 to 2023, reaching $41,211 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Hale County | Gender Pay Gap | Gini Coefficient
| Metric | Hale County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.572 | 0.570 |
| Male Median Income | $53,513 | $61,248 | $67,746 |
| Female Median Income | $34,433 | $45,616 | $54,793 |
| Gender Pay Gap | 35.7% | 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 Hale County, it is 0.554, 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 55% more than women's income in Hale County, Alabama. Over a 35-year career, a 55% wage gap accumulates to roughly $667,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hale County, Alabama has widened from about 19% to 36% in 2023. In dollar terms, the gap has widened by $12,755 since 2009.
Employment
| Metric | Hale County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 4.8% | 5.2% |
| Working from Home | 2.0% | 7.8% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 339 people are unemployed in Hale County, Alabama.
The average commute time in Hale County is 30 minutes, longer than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hale County, Alabama has fallen from 15.4% to 5.9% in 2023.
Conclusion
Considering all these factors, Hale 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 Hale County, Alabama.
How Rich Is Hale County, Alabama?
Hale 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 $41,211, about 34% lower than the Alabama average of $62,318.
What is the current median household income in Hale County, Alabama?
As of 2023, the median household income in Hale County, Alabama is $41,211.
What was the median household income in Hale County in 2023?
In 2023, the median household income in Hale County, Alabama was $41,211.
What was the median household income in Hale County in 2020?
In 2020, the median household income in Hale County, Alabama was $30,922.
What is the Gini coefficient in Hale County, Alabama?
The Gini coefficient in Hale County is 0.554. 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 Hale County, Alabama?
Since 2009, the income gap between men and women in Hale County, Alabama has widened from about 19% to 36% in 2023. In dollar terms, the gap has widened by $12,755 since 2009.