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.
Income Statistics Overview
| Metric | Washington County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,165 | $62,318 | $78,145 |
| Median Personal Income | $59,118 | $53,379 | $61,726 |
| Average income growth | 6.4% | 4.8% | 5.1% |
| Six-Figure Earners | 8.9% | 9.0% | 13.2% |
The median household income in Washington County is about 2% lower than in Alabama. Income has been growing faster in Washington County (6.4%/yr) than in Alabama (4.8%/yr).
About 9% of adults in Washington County earn six figures ($100,000 or more) a year, about the same as the Alabama average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Washington County, Alabama grew by 76.5% from 2009 to 2023, reaching $61,165 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Washington County | Gender Pay Gap | Gini Coefficient
| Metric | Washington County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.572 | 0.570 |
| Male Median Income | $76,129 | $61,248 | $67,746 |
| Female Median Income | $45,544 | $45,616 | $54,793 |
| Gender Pay Gap | 40.2% | 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 Washington County, it is 0.590, 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 67% more than women's income in Washington County, Alabama. Over a 35-year career, a 67% wage gap accumulates to roughly $1,070,475 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Washington County, Alabama has narrowed from about 43% to 40% in 2023. In dollar terms, the gap has widened by $11,957 since 2009.
Employment
| Metric | Washington County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 4.8% | 5.2% |
| Working from Home | 5.2% | 7.8% | 13.4% |
| Commute time (minutes) | 31 | 22 | 22 |
Approximately 383 people are unemployed in Washington County, Alabama.
The average commute time in Washington County is 31 minutes, longer than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Washington County, Alabama has fallen from 15.6% to 6.2% in 2023.
Conclusion
Considering all these factors, Washington 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 Washington County, Alabama.
How Rich Is Washington County, Alabama?
Washington 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 $61,165, about 2% lower than the Alabama average of $62,318.
What is the current median household income in Washington County, Alabama?
As of 2023, the median household income in Washington County, Alabama is $61,165.
What was the median household income in Washington County in 2023?
In 2023, the median household income in Washington County, Alabama was $61,165.
What was the median household income in Washington County in 2020?
In 2020, the median household income in Washington County, Alabama was $43,273.
What is the Gini coefficient in Washington County, Alabama?
The Gini coefficient in Washington County is 0.590. 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 Washington County, Alabama?
Since 2009, the income gap between men and women in Washington County, Alabama has narrowed from about 43% to 40% in 2023. In dollar terms, the gap has widened by $11,957 since 2009.