Morgan County, Alabama Income Statistics
Morgan 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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C
Morgan County Below averageWealthier than 86% of counties in Alabama
Source: Map AI Methodology
Income Statistics Overview
| Metric | Morgan County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,699 | $64,544 | $80,455 |
| Median Personal Income | $50,836 | $52,756 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.7% | 4.8% |
| Six-Figure Earners | 10.3% | 9.6% | 13.9% |
| $200k+ Households | 8.1% | 7.8% | 13.2% |
The median household income in Morgan County is about 6% higher than in Alabama. Income has been growing faster in Morgan County (4.9%/yr) than in Alabama (4.7%/yr).
About 10% of adults in Morgan 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 Morgan County, Alabama grew by 59.9% from 2009 to 2024, reaching $68,699 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Morgan County
| Metric | Morgan County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.560 | 0.552 |
| Male Median Income | $62,329 | $62,840 | $69,667 |
| Female Median Income | $46,303 | $47,036 | $56,850 |
| Gender Pay Gap | 25.7% | 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 Morgan County, it is 0.550, 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 35% more than women's income in Morgan County, Alabama. Over a 35-year career, a 35% wage gap accumulates to roughly $560,910 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morgan County, Alabama has narrowed from about 32% to 26% in 2024. Over that period the gap was widest at 34% in 2010, and was narrowest at 25% in 2018. In dollar terms, the gap has widened by $1,872 since 2009.
Employment
| Metric | Morgan County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.7% | 5.2% |
| Working from Home | 7.2% | 8.8% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 2,094 people are unemployed in Morgan County, Alabama.
The average commute time in Morgan County is 22 minutes, about the same as in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morgan County, Alabama has fallen from 9.4% to 3.7% in 2024. Over that period the rate peaked at 11.8% in 2013.
Morgan County, AL Wealth Compared With Nearby Counties
Morgan County, AL is the 2nd largest of the 6 counties compared here, 124,471 residents against a local median of 90,566. Morgan County, AL sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is income growth, 14% below the local median at 4.9%/yr against 5.7%/yr. Morgan County, AL has the 4th highest income growth 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. |
|---|---|---|---|---|---|
| Morgan County, AL | 124,471 | $68,699 #3/6 | 4.9%/yr #4/6 | 3.7% #4/6 | 0.550 #4/6 |
| Cullman County, AL | 90,566 | $62,709 | 6.0%/yr | 3.8% | 0.547 |
| Limestone County, AL | 111,233 | $82,554 | 6.2%/yr | 3.3% | 0.567 |
| Madison County, AL | 405,488 | $86,187 | 4.6%/yr | 3.6% | 0.553 |
| Lawrence County, AL | 33,276 | $66,085 | 5.7%/yr | 2.0% | 0.536 |
| Blount County, AL | 59,518 | $64,592 | 4.4%/yr | 5.0% | 0.537 |
Conclusion
Considering all these factors, Morgan 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 Morgan County, Alabama.
How Rich Is Morgan County, Alabama?
Morgan 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 $68,699, about 6% higher than the Alabama average of $64,544.
How fast is household income rising in Morgan County, Alabama?
Between 2009 and 2024, the median household income in Morgan County, Alabama rose 60%, from $42,961 to $68,699. Over the same years, income here outpaced Alabama as a whole: +60% against +56%.
What was the median household income in Morgan County in 2023?
In 2023, the median household income in Morgan County, Alabama was $64,873, up 5% from $61,783 in 2022. The Alabama median that year was $62,326.
What was the median household income in Morgan County in 2020?
In 2020, the median household income in Morgan County, Alabama was $52,604. By 2024 it had risen 31% to $68,699.
How strong is the job market in Morgan County, Alabama?
Unemployment in Morgan County, Alabama is only 3.7%, 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 Morgan County, Alabama?
The Gini coefficient in Morgan County is 0.550. 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 Morgan County, Alabama?
Since 2009, the income gap between men and women in Morgan County, Alabama has narrowed from about 32% to 26% in 2024. Over that period the gap was widest at 34% in 2010, and was narrowest at 25% in 2018. In dollar terms, the gap has widened by $1,872 since 2009.
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