What Is A Comfortable Salary In Alabama?

Comfortable Salary in Alabama

What is a good salary for Alabama?

Most salaries in Alabama range between $36,058 (25th percentile) to $64,071 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.

What is middle class in Alabama?

The household range for middle class earners in Alabama is $17,807 to $91,778 with a median family income of $66,171, the sixth lowest in the country. The middle class share of Alabama income is 46.5%, the 22nd lowest; the richest 5% of Alabama income is 21.8%, the 23rd lowest.

What salary is considered comfortable?

The average salary needed to live comfortably across the 25 largest U.S. metro areas is $57,013. It takes at least $2,193 in biweekly paychecks after taxes ($57,013 in annual after-tax income) to live comfortably across the 25 largest metro areas in the U.S.

What is considered low income in Alabama?

The federal poverty thresholds range from $13,171 for one person to $26,496 for a family of four. At a county level, seven of Alabama’s 67 counties have a poverty rate higher than 25%. Two counties have a poverty rate higher than 30%. Only Baldwin and Shelby Counties have a poverty rate of less than 10%.

What is considered upper class in Alabama?

Alabama’s wealth threshold is $88,984. The state is tied with Arkansas for the fourth-lowest cost of living of all states and it’s also one of the places where you can get a larger home for less than $300,000 – the median price of a top-tier home in Alabama is $246,400. You can see the complete list here.

What is a living wage in Alabama?

Living Wage Calculation for Alabama

What is the richest town in Alabama?

Mountain Brook
Mountain Brook is being credited as the richest town in the state of Alabama.
Here is Stacker’s full list of the richest town in every state:

• Virginia- Vienna.
• Washington- Clyde Hill.
• West Virginia- Bridgeport.
• Wisconsin- River Hills Village.
• Wyoming- Bar Nunn.

What is the cost of living in Alabama?

Average Cost of Living in Alabama: $35,859 per year
The Bureau of Economic Analysis cites that the average cost of living in Alabama is around $35,859 per year for a typical single individual.

What salary can you live off of?

The median annual living wage — defined as the minimum amount you need to cover expenses while saving for retirement — is $61,617 per household in the U.S., according to calculations by personal finance website GOBankingRates.

What is considered a good salary in 2022?

As this is often based on multiple incomes in the one household, a single person earning at least $67,521 can be considered a good salary. What is this? This is especially the case when you consider the current median income levels in the US. For men, this is $61,417 and for women, it’s $50,982.

What is a decent base salary?

While ZipRecruiter is seeing annual salaries as high as $91,000 and as low as $19,500, the majority of salaries within the Decent jobs category currently range between $23,500 (25th percentile) to $77,000 (75th percentile) with top earners (90th percentile) making $88,500 annually across the United States.

What is the poorest town in Alabama?

The smallest unincorporated census-designated place in the state is also located in Wilcox County, that of Catherine, which had 22 residents as of 2010. With a median household income of $9,286 (compared to $44,758 for the state), Oak Hill is the poorest community in Alabama.

What is considered high income in Alabama?

Median Household Income: $52,035. Average Household Income: $71,964. Per Capita Income: $28,934. 4.4% of Households in Alabama are High Income Households that make over $200,000 a year.
Median Household Income in Alabama by Age of Householder.

What state is the poorest state in the US?

Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).

What salary is middle class in Alabama?

Table

What percentage of America makes over 100k?

around 15.5% of Americans earned between $100,000 and $149,999. about 8.3% of the population earned between $150,000 and $199,999. about 10.3% of the population earned over $200,000.

What should your net worth be at 40?

The average net worth for people between the ages of 35 and 44 is $436,200, while the median is $91,300. By the time you turn 40, you should try to have at least three times your income in net worth, according to fidelity.com. So if you make $80,000 a year, you should have $160,000 in assets.

Can you live on 36k a year?

If you want to have a minimalist lifestyle, 36k/year is more then enough. If you want a home, family, car, insurance and some “toys”, it’s not going to be enough, at least in a majority of places in the U.S. But again, the term “decent” is pretty objective. Can you be content? Depends on your expectations.

Is Alabama cost of living high?

The cost of living in Alabama is 12% lower than the national average. Housing is 30% lower than the national average, while utilities are 1% higher. When it comes to basic necessities such as food and clothing, groceries are around 5% lower than in the rest of the country, while clothing costs 5% lower.

What are the best paying jobs in Alabama?

Detailed List Of Highest Paying Jobs In Alabama