Hoover, Alabama Income Statistics
Hoover Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Hoover Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hoover | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,247 | $64,544 | $80,455 |
| Median Personal Income | $71,268 | $52,756 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.7% | 4.8% |
| Six-Figure Earners | 19.2% | 9.6% | 13.9% |
| $200k+ Households | 17.3% | 7.8% | 13.2% |
The median household income in Hoover is about 52% higher than in Alabama. Income has been growing slower in Hoover (3.9%/yr) than in Alabama (4.7%/yr).
About 19% of adults in Hoover earn six figures ($100,000 or more) a year, higher than the Alabama average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hoover, Alabama grew by 45.9% from 2009 to 2024, reaching $98,247 in 2024. That's an average of about 3.9% per year.
Hoover has stayed well above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. The gap has narrowed from 32% in 2009 to 22% in 2024, the closest it has been.
Income Distribution in Hoover
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 15,116 households (49.1% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 14.3% of households in Hoover had an income under $35,000 and 28.4% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Hoover has a larger share of households earning $200,000 or more (17.3% vs 13.2%) and a smaller share earning $15,000 to $24,999 (3.6% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,172 | 3.8% | 5.1% |
| $10,000 to $14,999 | 485 | 1.6% | 3.5% |
| $15,000 to $24,999 | 1,116 | 3.6% | 6.4% |
| $25,000 to $34,999 | 1,616 | 5.3% | 6.7% |
| $35,000 to $49,999 | 2,827 | 9.2% | 10.1% |
| $50,000 to $74,999 | 4,529 | 14.7% | 15.5% |
| $75,000 to $99,999 | 3,920 | 12.7% | 12.6% |
| $100,000 to $149,999 | 6,376 | 20.7% | 17.4% |
| $150,000 to $199,999 | 3,411 | 11.1% | 9.5% |
| $200,000 or more | 5,330 | 17.3% | 13.2% |
Shares are of all 30,782 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 11,588 residents (19.2% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 21.3% of residents who have any income.
In 2024, 10.2% of Hoover residents aged 15 and over reported no personal income, 22.8% had some income but less than $25,000, and 30.0% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Hoover has a larger share of residents earning $100,000 or more (19.2% vs 13.9%) and a smaller share with no personal income (10.2% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 6,145 | 10.2% | 12.8% |
| $1 to $9,999 | 5,886 | 9.7% | 11.2% |
| $10,000 to $14,999 | 2,940 | 4.9% | 7.0% |
| $15,000 to $24,999 | 4,964 | 8.2% | 10.5% |
| $25,000 to $34,999 | 5,111 | 8.5% | 9.5% |
| $35,000 to $49,999 | 7,021 | 11.6% | 12.6% |
| $50,000 to $74,999 | 10,238 | 16.9% | 14.3% |
| $75,000 to $99,999 | 6,542 | 10.8% | 8.2% |
| $100,000 or more | 11,588 | 19.2% | 13.9% |
Shares are of the 60,436 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 10.2% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Hoover
| Metric | Hoover | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.560 | 0.552 |
| Male Median Income | $85,833 | $62,840 | $69,667 |
| Female Median Income | $63,701 | $47,036 | $56,850 |
| Gender Pay Gap | 25.8% | 25.1% | 18.4% |
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 Hoover, it is 0.512, lower than Alabama's 0.560, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 35% more than women's income in Hoover, Alabama. Over a 35-year career, a 35% wage gap accumulates to roughly $774,620 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hoover, Alabama has narrowed from about 27% to 26% in 2024. Over that period the gap was widest at 30% in 2020, and was narrowest at 24% in 2012. In dollar terms, the gap has widened by $5,750 since 2009.
Employment
| Metric | Hoover | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.7% | 5.2% |
| Working from Home | 15.9% | 8.8% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 1,300 people are unemployed in Hoover, Alabama.
The average commute time in Hoover is 22 minutes, about the same as in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hoover, Alabama has fallen from 6.7% to 3.2% in 2024.
Hoover has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2023, at 1.4 points lower. The gap has held fairly steady over the period.
Hoover, AL Wealth Compared With Nearby Cities
How Hoover, AL compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hoover, AL | 75,120 | $98,247 #2/3 | 3.9%/yr #3/3 | 3.2% #3/3 | 0.512 #1/3 |
| Homewood, AL | 27,106 | $89,778 | 4.1%/yr | 2.5% | 0.575 |
| Vestavia Hills, AL | 32,245 | $112,165 | 4.4%/yr | 1.9% | 0.551 |
Conclusion
Considering all these factors, Hoover, Alabama has an overall wealth index grade of B, making it far better than Alabama, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hoover, Alabama.
How Rich Is Hoover, Alabama?
Hoover has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $98,247, about 52% higher than the Alabama average of $64,544.
Are incomes growing in Hoover, Alabama?
Between 2009 and 2024, the median household income in Hoover, Alabama rose 46%, from $67,322 to $98,247. Over the same years, income here lagged behind Alabama as a whole: +46% against +56%.
What was the median household income in Hoover in 2023?
In 2023, the median household income in Hoover, Alabama was $96,614, up 5% from $92,435 in 2022. The Alabama median that year was $62,326.
What was the median household income in Hoover in 2020?
In 2020, the median household income in Hoover, Alabama was $84,633. By 2024 it had risen 16% to $98,247.
How many people earn six figures in Hoover, Alabama?
Yes. 19% of adults in Hoover, Alabama earn $100,000 or more a year (about 1 in 5), against 10% (about 1 in 10) in Alabama. 17% of households have a combined income of $200,000 or more, compared with 8% in Alabama.
How strong is the job market in Hoover, Alabama?
Unemployment in Hoover, Alabama is only 3.2%, well below the Alabama rate of 4.7%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Hoover, Alabama?
The Gini coefficient in Hoover is 0.512. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hoover, Alabama?
Since 2009, the income gap between men and women in Hoover, Alabama has narrowed from about 27% to 26% in 2024. Over that period the gap was widest at 30% in 2020, and was narrowest at 24% in 2012. In dollar terms, the gap has widened by $5,750 since 2009.
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