The median household income in Alabama is $54,943 -- nearly $14,000 less than the national average -- but in many communities across the state, the median income is far higher. Forbes recently compiled a list of the “richest” cities or communities in each state, pulling extensive data from the Census Bureau’s 2021 American Community Survey 5-Year Estimates, including median household income, mean (or average) household income, median home value and median property taxes paid. Analyzing that data, Forbes was able to list the top 50 riches cities in Alabama (although in some cases, the locations were not cities, but census-designated areas). In all, 20 communities in Alabama have median household incomes in excess of $100,000. Mountain Brook has a median household income of $150,268, a mean household income of $249,818, a median home value of $697,800, and median property taxes of $6,156.

Source: Forbes September 06, 2023 15:26 UTC