Madison County, Alabama Income Statistics
Madison County Wealth Score
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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B
Madison County Around averageAmong the top 3 wealthiest counties in Alabama
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,187 | $64,544 | $80,455 |
| Median Personal Income | $65,152 | $52,756 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.7% | 4.8% |
| Six-Figure Earners | 17.6% | 9.6% | 13.9% |
| $200k+ Households | 13.9% | 7.8% | 13.2% |
The median household income in Madison County is about 34% higher than in Alabama. Income has been growing slower in Madison County (4.6%/yr) than in Alabama (4.7%/yr).
About 18% of adults in Madison County 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 Madison County, Alabama grew by 55.3% from 2009 to 2024, reaching $86,187 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.560 | 0.552 |
| Male Median Income | $84,423 | $62,840 | $69,667 |
| Female Median Income | $54,986 | $47,036 | $56,850 |
| Gender Pay Gap | 34.9% | 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 Madison County, it is 0.553, lower than Alabama's 0.560, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 54% more than women's income in Madison County, Alabama. Over a 35-year career, a 54% wage gap accumulates to roughly $1,030,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Alabama has widened from about 30% to 35% in 2024. Over that period the gap was narrowest at 30% in 2012. In dollar terms, the gap has widened by $13,280 since 2009.
Sharply against the trend: the pay gap in Madison County widened by 4.5 points while Alabama's narrowed by 1.8 points.
Employment
| Metric | Madison County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.7% | 5.2% |
| Working from Home | 15.1% | 8.8% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 7,631 people are unemployed in Madison County, Alabama.
The average commute time in Madison County is 21 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Alabama has fallen from 8.9% to 3.6% in 2024. Over that period the rate peaked at 9.9% in 2013.
Madison County, AL Wealth Compared With Nearby Counties
Madison County, AL is the largest of the 6 counties compared here, 405,488 residents against a local median of 99,748. The measure that sets Madison County, AL apart most is median household income: $86,187, 31% above the local median of $65,641. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.6%/yr against a local median of 6.0%/yr, 23% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Madison County, AL is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $29,999 on median household income, so Madison County, AL sits at one end of an already wide local range rather than apart from it. Madison County, AL has the highest median household income of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Madison County, AL | 405,488 | $86,187 #1/6 | 4.6%/yr #5/6 | 3.6% #2/6 | 0.553 #4/6 |
| Lincoln County, TN | 35,946 | $65,641 | 6.0%/yr | 4.7% | 0.536 |
| Morgan County, AL | 124,471 | $68,699 | 4.9%/yr | 3.7% | 0.550 |
| Limestone County, AL | 111,233 | $82,554 | 6.2%/yr | 3.3% | 0.567 |
| Marshall County, AL | 99,748 | $64,170 | 6.2%/yr | 3.9% | 0.560 |
| Jackson County, AL | 53,053 | $52,554 | 4.1%/yr | 4.5% | 0.553 |
Conclusion
Considering all these factors, Madison County, Alabama has an overall wealth index grade of B, making it somewhat better than Alabama, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Madison County, Alabama.
How Rich Is Madison County, Alabama?
Madison County 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 $86,187, about 34% higher than the Alabama average of $64,544.
How fast is household income rising in Madison County, Alabama?
Between 2009 and 2024, the median household income in Madison County, Alabama rose 55%, from $55,488 to $86,187. Over the same years, income here lagged behind Alabama as a whole: +55% against +56%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Alabama was $83,281, up 6% from $78,420 in 2022. The Alabama median that year was $62,326.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Alabama was $67,629. By 2024 it had risen 27% to $86,187.
How many people earn six figures in Madison County, Alabama?
Yes. 18% of adults in Madison County, Alabama earn $100,000 or more a year (about 1 in 6), against 10% (about 1 in 10) in Alabama. 14% of households have a combined income of $200,000 or more, compared with 8% in Alabama.
Is it hard to find a job in Madison County, Alabama?
Unemployment in Madison County, Alabama is only 3.6%, 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 Madison County, Alabama?
The Gini coefficient in Madison County is 0.553. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Madison County, Alabama?
Since 2009, the income gap between men and women in Madison County, Alabama has widened from about 30% to 35% in 2024. Over that period the gap was narrowest at 30% in 2012. In dollar terms, the gap has widened by $13,280 since 2009.
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