Wealth Index
Among the 5 least wealthy 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 | Wilcox County | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $41,296 | $62,318 | $78,145 |
| Median Personal Income | $46,309 | $53,379 | $61,726 |
| Average income growth | 7.7% | 4.8% | 5.1% |
| Six-Figure Earners | 3.3% | 9.0% | 13.2% |
The median household income in Wilcox County is about 34% lower than in Alabama. Income has been growing faster in Wilcox County (7.7%/yr) than in Alabama (4.8%/yr).
About 3% of adults in Wilcox 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 Wilcox County, Alabama grew by 71.1% from 2009 to 2023, reaching $41,296 in 2023. That's an average of about 7.7% per year.
Economic Inequality in Wilcox County | Gender Pay Gap | Gini Coefficient
| Metric | Wilcox County | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.571 | 0.572 | 0.570 |
| Male Median Income | $53,969 | $61,248 | $67,746 |
| Female Median Income | $39,129 | $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 Wilcox County, it is 0.571, about the same as Alabama's 0.572, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 38% more than women's income in Wilcox County, Alabama. Over a 35-year career, a 38% wage gap accumulates to roughly $519,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wilcox County, Alabama has narrowed from about 36% to 27% in 2023. In dollar terms, the gap has widened by $2,857 since 2009.
Employment
| Metric | Wilcox County | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 12.1% | 4.8% | 5.2% |
| Working from Home | 1.7% | 7.8% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 465 people are unemployed in Wilcox County, Alabama.
The average commute time in Wilcox County is 30 minutes, longer than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wilcox County, Alabama has fallen from 20.0% to 12.1% in 2023.
Conclusion
Considering all these factors, Wilcox County, Alabama has an overall wealth index grade of F, making it somewhat worse than Alabama, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wilcox County, Alabama.
How Rich Is Wilcox County, Alabama?
Wilcox County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $41,296, about 34% lower than the Alabama average of $62,318.
What is the current median household income in Wilcox County, Alabama?
As of 2023, the median household income in Wilcox County, Alabama is $41,296.
What was the median household income in Wilcox County in 2023?
In 2023, the median household income in Wilcox County, Alabama was $41,296.
What was the median household income in Wilcox County in 2020?
In 2020, the median household income in Wilcox County, Alabama was $35,105.
What is the Gini coefficient in Wilcox County, Alabama?
The Gini coefficient in Wilcox County is 0.571. 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 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Wilcox County, Alabama?
Since 2009, the income gap between men and women in Wilcox County, Alabama has narrowed from about 36% to 27% in 2023. In dollar terms, the gap has widened by $2,857 since 2009.