Wealth Index
Wealthier than 92% 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 | Limestone County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,618 | $62,318 | $78,145 |
| Median Personal Income | $62,560 | $53,379 | $61,726 |
| Average income growth | 7.2% | 4.8% | 5.1% |
| Six-Figure Earners | 12.7% | 9.0% | 13.2% |
The median household income in Limestone County is about 34% higher than in Alabama. Income has been growing faster in Limestone County (7.2%/yr) than in Alabama (4.8%/yr).
About 13% of adults in Limestone County earn six figures ($100,000 or more) a year, higher than the Alabama average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Limestone County, Alabama grew by 85.8% from 2009 to 2023, reaching $83,618 in 2023. That's an average of about 7.2% per year.
Economic Inequality in Limestone County | Gender Pay Gap | Gini Coefficient
| Metric | Limestone County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.595 | 0.572 | 0.570 |
| Male Median Income | $72,787 | $61,248 | $67,746 |
| Female Median Income | $52,750 | $45,616 | $54,793 |
| Gender Pay Gap | 27.5% | 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 Limestone County, it is 0.595, 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 38% more than women's income in Limestone County, Alabama. Over a 35-year career, a 38% wage gap accumulates to roughly $701,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Limestone County, Alabama has narrowed from about 31% to 28% in 2023. In dollar terms, the gap has widened by $5,934 since 2009.
Employment
| Metric | Limestone County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.8% | 5.2% |
| Working from Home | 9.4% | 7.8% | 13.4% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 1,915 people are unemployed in Limestone County, Alabama.
The average commute time in Limestone County is 25 minutes, longer than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Limestone County, Alabama has fallen from 7.7% to 3.7% in 2023.
Conclusion
Considering all these factors, Limestone County, Alabama has an overall wealth index grade of C, making it somewhat better than Alabama, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Limestone County, Alabama.
How Rich Is Limestone County, Alabama?
Limestone County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $83,618, about 34% higher than the Alabama average of $62,318.
What is the current median household income in Limestone County, Alabama?
As of 2023, the median household income in Limestone County, Alabama is $83,618.
What was the median household income in Limestone County in 2023?
In 2023, the median household income in Limestone County, Alabama was $83,618.
What was the median household income in Limestone County in 2020?
In 2020, the median household income in Limestone County, Alabama was $63,895.
What is the Gini coefficient in Limestone County, Alabama?
The Gini coefficient in Limestone County is 0.595. 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 Limestone County, Alabama?
Since 2009, the income gap between men and women in Limestone County, Alabama has narrowed from about 31% to 28% in 2023. In dollar terms, the gap has widened by $5,934 since 2009.