Wealth Index
Less wealthy than 73% 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 | Marengo County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,275 | $62,318 | $78,145 |
| Median Personal Income | $50,177 | $53,379 | $61,726 |
| Average income growth | 5.7% | 4.8% | 5.1% |
| Six-Figure Earners | 5.9% | 9.0% | 13.2% |
The median household income in Marengo County is about 29% lower than in Alabama. Income has been growing faster in Marengo County (5.7%/yr) than in Alabama (4.8%/yr).
About 6% of adults in Marengo 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 Marengo County, Alabama grew by 44.0% from 2009 to 2023, reaching $44,275 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Marengo County | Gender Pay Gap | Gini Coefficient
| Metric | Marengo County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.594 | 0.572 | 0.570 |
| Male Median Income | $59,886 | $61,248 | $67,746 |
| Female Median Income | $42,728 | $45,616 | $54,793 |
| Gender Pay Gap | 28.7% | 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 Marengo County, it is 0.594, 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 40% more than women's income in Marengo County, Alabama. Over a 35-year career, a 40% wage gap accumulates to roughly $600,530 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Marengo County, Alabama has narrowed from about 36% to 29% in 2023. In dollar terms, the gap has widened by $2,219 since 2009.
Employment
| Metric | Marengo County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.4% | 4.8% | 5.2% |
| Working from Home | 4.1% | 7.8% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 182 people are unemployed in Marengo County, Alabama.
The average commute time in Marengo County is 21 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Marengo County, Alabama has fallen from 10.5% to 2.4% in 2023.
Conclusion
Considering all these factors, Marengo 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 Marengo County, Alabama.
How Rich Is Marengo County, Alabama?
Marengo 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 $44,275, about 29% lower than the Alabama average of $62,318.
What is the current median household income in Marengo County, Alabama?
As of 2023, the median household income in Marengo County, Alabama is $44,275.
What was the median household income in Marengo County in 2023?
In 2023, the median household income in Marengo County, Alabama was $44,275.
What was the median household income in Marengo County in 2020?
In 2020, the median household income in Marengo County, Alabama was $32,547.
What is the Gini coefficient in Marengo County, Alabama?
The Gini coefficient in Marengo County is 0.594. 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 Marengo County, Alabama?
Since 2009, the income gap between men and women in Marengo County, Alabama has narrowed from about 36% to 29% in 2023. In dollar terms, the gap has widened by $2,219 since 2009.