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.
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Income Statistics Overview
| Metric | Hoover | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $96,628 | $62,318 | $78,145 |
| Median Personal Income | $96,628 | $62,318 | $78,145 |
| Average income growth | 4.3% | 4.3% | 4.3% |
Household Income Trend
Median Household Income Over Time
Hoover
United States
Economic Inequality in Hoover | Gender Pay Gap | Gini Index
| Metric | Hoover | Alabama Avg | US Average |
|---|---|---|---|
| Gini Index | 0.537 | 0.572 | 0.570 |
| Male Median Income | $83,718 | $61,248 | $67,746 |
| Female Median Income | $63,056 | $45,616 | $54,793 |
| Gender Pay Gap | 24.7% | 25.5% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Hoover | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.8% | 5.2% |
| Working from Home | 13.7% | 7.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Unemployment Rate Over Time
Hoover
United States