Mountain Brook, Pike Road, Helena: These cities aren’t just some of the best places to live in Alabama. They are also home to some of the richest people in the Heart Of Dixie.
Mountain Brook in particular houses the richest residents in the state thanks, in part, to a median household income of $129,777 and a ridiculously low poverty rate of 3.2%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Alabama share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 105 places in Alabama with more than 5,000 people.
At the end of the day, here’s the set of the 10 richest places in Alabama for 2018:
- Mountain Brook (Photos | Homes For Sale)
- Pike Road (Photos | Homes For Sale)
- Helena (Photos | Homes For Sale)
- Vestavia Hills (Photos | Homes For Sale)
- Trussville (Photos | Homes For Sale)
- Southside (Photos | Homes For Sale)
- Chelsea (Photos | Homes For Sale)
- Spanish Fort (Photos | Homes For Sale)
- Clay (Photos | Homes For Sale)
- Calera (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Alabama.
How We Determined The Richest Places In Alabama For 2018
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 105 places with more than 5,000 people in Alabama, we ranked each place from 1 to 105 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Mountain Brook, crowned the “Richest Place In Alabama For 2018”.
You can learn more about the top ten below or skip to the end to see the rankings for all 105 places.
1. Mountain Brook
Population: 20,532Median Income: $129,777
Unemployment Rate: 1.9%
Poverty Rate: 3.2%
More on Mountain Brook: Homes For Sale | Data
Mountain Brook is a town in southeastern Jefferson County, Alabama, United States and an upper-middle-class suburb of Birmingham. Its estimated 2015 population is 20,691. It is one of the state’s most affluent places.
2. Pike Road
Population: 17,630Median Income: $84,888
Unemployment Rate: 2.9%
Poverty Rate: 3.1%
More on Helena: Homes For Sale | Data
Helena (pronunciation hel-LE-nah) is a city in Jefferson and Shelby Counties in the state of Alabama. Helena is considered a suburb of Birmingham and part of the Birmingham-Hoover Metropolitan Area. As of the 2010 census, the population was 16,793. Helena is highly regarded as a place to live and raise children; Business Week named Helena the 13th “Best Place to Raise Your Kids” in 2007. It has the eighth-lowest crime rate per population in the U.S., and the city was ranked in Money magazine’s 2007 list of “Best Places to Live: Top 100” in the U.S., placing at number 91. The Alabama League of Municipalities awarded Helena the 2008 Municipal Achievement Award (population 10,001 to 20,000).
4. Vestavia Hills
Population: 34,243Median Income: $93,178
Unemployment Rate: 2.5%
Poverty Rate: 4.9%
More on Vestavia Hills: Homes For Sale | Data
Vestavia Hills is a city in Jefferson and Shelby counties in the State of Alabama. It is a suburb of the city of Birmingham. As of the 2010 census, its population was 34,033, up from 24,476 in 2000. It moved up from the fifth largest city in Jefferson County in 2000 to the third largest in 2010, behind Birmingham and Hoover.
Population: 20,872Median Income: $84,198
Unemployment Rate: 3.2%
Poverty Rate: 4.2%
More on Trussville: Homes For Sale | Data
Trussville is a city in Jefferson and St. Clair counties in the State of Alabama. It is a suburb of Birmingham and part of the Birmingham-Hoover Metropolitan Statistical Area. Its estimated 2015 population was 21,023.
Population: 8,563Median Income: $65,561
Unemployment Rate: 2.6%
Poverty Rate: 4.1%
More on Southside: Homes For Sale | Data
Southside is a city in Etowah and Calhoun counties in the U.S. state of Alabama. It is included in the Gadsden Metropolitan Statistical Area. It incorporated in 1957. The population was 8,412 at the time of the 2010 United States Census. Located 8 to 12 miles (13 to 19 km) south of downtown Gadsden, Southside is one of the fastest growing cities in northeast Alabama.
8. Spanish Fort
Population: 7,825Median Income: $70,448
Unemployment Rate: 2.2%
Poverty Rate: 6.5%
More on Spanish Fort: Homes For Sale | Data
Spanish Fort is a city in Baldwin County, Alabama, United States, located on the eastern shore of Mobile Bay. The 2010 census lists the population of the city as 6,798. It is a suburb of Mobile and is part of the Daphne-Fairhope-Foley micropolitan area.
Population: 12,839Median Income: $63,396
Unemployment Rate: 3.5%
Poverty Rate: 4.6%
More on Calera: Homes For Sale | Data
Calera is a city in Shelby and Chilton counties in the U.S. state of Alabama. It is the location of the Shelby County Airport. Calera’s population was 3,158 at the 2000 census.
There You Have It – The Wealthiest Places In Alabama For 2018
Like we said earlier, when we set out to identify the richest places in Alabama, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Alabama.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Alabama, according to data:
2nd Poorest: Prichard
3rd Poorest: Monroeville
For more Alabama reading , check out:
Detailed List Of The Richest Cities In Alabama