Wealthiest Cities in Alabama 2023: Alabama is a stunning state that has a rich history, and if you enjoy spending time outdoors and in nature, it is the perfect destination for you to visit.
Cave exploring, hiking, kayaking, swimming, fishing, and camping are just some of the activities that can be enjoyed in the state’s incredible collection of national parks and monuments.
There are also a great number of unique attractions that celebrate the rich history and culture that are distinctive to this state.
It is in your best interest to be familiar with the cities in Alabama that provide the highest quality of life, regardless of whether you plan to go there for a vacation in the near future or to move there permanently.
According to data provided by the United States Census, many of the wealthiest cities in the United States are located in the state of Alabama. Even though it is not the most populous state in the United States, it is home to a significant number of wealthy people who make their homes in cities that have a high median household income.
It is also a place where you can find some fantastic bargains on real estate, which indicates that you do not need to be wealthy in order to live there. The state of Alabama is a desirable location to call home for a variety of reasons.
As a result of the state’s breathtaking landscape, which includes both mountains and beaches, as well as its pleasant year-round temperature, many people choose to spend their vacations there.
On the other hand, if you want to move to a state that will allow you to live a life of opulent comfort without the stress of having to constantly worry about your financial situation, then this is one of the best options for you.
The following is a list of the top five wealthiest cities in Alabama based on the median household incomes as reported by the Census Bureau.
10 Wealthiest Cities in Alabama 2023
1. Mountain Brook — $152,646
According to the data provided by the United States Census Bureau, Mountain Brook is one of the cities in Alabama that has the highest median household income, coming in at $152,646 annually.
Additionally, it has been ranked as the safest city in the state of Alabama.
This affluent suburban community is known for its beautiful neighborhoods, gorgeous scenery, and good schools. It is located a few miles from Birmingham and is known for its proximity to the city.
There are four distinct municipalities that make up Mountain Brook. These municipalities are referred to as English Village, Mountain Brook Village, Crestline Village, and Cahaba Village.
You’ll find a variety of luxurious apartments, high-rise condominiums, and spacious single-family homes in this area, despite the fact that the local real estate market is extremely competitive.
The city is home to a large number of retirees, many of whom have been a part of the community for many generations. It is also home to some of the most successful professionals and business owners in the state.
Mountain Brook is an excellent choice for those looking to settle down in an area that is both peaceful and secure. The city is home to a school district that has been recognized for its excellence and provides an abundance of activities that are appropriate for both young families and senior citizens.
In point of fact, there is very little that can be said about Mountain Brook that is unfavorable.
2. Vestavia Hills — $109,485 (Wealthiest Cities in Alabama)
Vestavia Hills, which has a population of more than 34,000 people and is situated in the middle of Jefferson County, is known for being one of the wealthiest cities in the state of Alabama.
In the neighborhood of Vestavia Hills, the median income for a household is $109,485. The poverty rate in the city is only 4.3 percent, which is significantly lower than the average rate of 11.4 percent found nationwide.
Additionally, over 66.7% of residents have earned at least a bachelor’s degree, and over 23% of residents have earned a graduate or professional degree.
This city outperforms most other locations in the United States when it comes to the percentage of its population that possesses a high level of education. Because there are so many high-end stores located there, it is commonly referred to as “The City of Fashion and Shopping.”
It provides a wealth of opportunities for leisure activities, such as walking and biking trails, parks, and other open spaces. In addition to this, it features a diverse selection of restaurants serving a range of cuisines.
3. Pike Road — $102,734
Pike Road is one of the wealthiest towns in Alabama, with a median income of more than $102,734 and an average home price of $35,000, making it one of the towns with the highest per capita income in the state.
But there’s a little-known fact about Pike Road: it has its own independent school system.
In addition to that, the city’s educational system is very good. Pike Road School has received an A+ rating from Niche and was recently recognized as the best public elementary school in the state.
Due to the town’s close proximity to Montgomery, it is home to a large number of working professionals who must travel to Montgomery for their jobs.
If there is one thing that can be said about Pike Road, it is that you do not want to find yourself on the opposite side of the law when dealing with its officers.
Its crime rate is a negligible ten per one thousand residents, which places it among the top fifteen percent safest cities in the entire state.
This is a very impressive feat for any city of its size, and it is largely attributable to the highly proactive policing that has taken place in the area.
4. Madison — $99,188 (Wealthiest Cities in Alabama)
With a household income of $98,188 on average, Madison is one of the cities in Alabama that can rightfully call itself one of the state’s wealthiest. Additionally, it is regarded as one of the top residential areas in the state of Alabama.
The county seat of Madison County and the second-largest city in the region, Madison is the most populous community in the county. Both the Huntsville Metropolitan Area and the newly formed Huntsville-Decatur Combined Statistical Area include the city of Huntsville as one of their constituents.
The population of Madison was counted at 49,327 during the census that was taken in 2019. In addition, Madison is known for its excellent public schools. The city is also home to a number of public parks, stately homes, and scenic lakes, all of which contribute to the city’s attractiveness as a place to live.
5. Chelsea — $97,727
In addition to being one of the wealthiest cities in Alabama, Chelsea is also widely regarded as one of the most desirable residential communities in the greater Birmingham area. Nearly 15,908 people make their home in this city, which can be found 19.4 miles south of Birmingham.
The medical field and educational institutions each contribute significantly to Chelsea’s economy. The city is home to a number of hospitals and medical centers, including two locations of St. Vincent’s Health System and Shelby Baptist Medical Center.
The city features a school system that is among the best in the country, a thriving economy, and new housing developments springing up all over the place.
In addition, the city of Chelsea is home to the University of Montevallo, which is a public liberal arts college with a total enrollment of over 2,200 undergraduate students for the 2018-19 academic year.
6. Trussville — $97,226 (Wealthiest Cities in Alabama)
.Trussville is widely considered to be one of the most prosperous cities in Alabama. Because of the high quality of the schools and the generally low rate of criminal activity, it is an ideal location for raising a family. The average income of a household in Trussville is $97,226 more than the average income across the state.
The unemployment rate in Trussville is consistently around 3.8 percent, which is the same as the average unemployment rate in the United States, which is 3.6 percent. It is a Birmingham suburb that can be found on the opposite side of Red Mountain and directly south of the city’s central business district.
It had a population of 24,027 people as of the most recent census in 2019.
Trussville is one of the cities in Alabama and the South that is experiencing the most rapid population growth, and it has been recognized nationally for having an exceptional quality of life.
In addition to being an excellent community for raising a family, Trussville is widely regarded as having a culture that is welcoming to commercial enterprises.
The city holds a variety of events throughout the course of the year, including a celebration of Independence Day and a Fall Festival, and there are many excellent schools from which residents can select.
7. Hoover — $92,984
Its prosperity is due not only to its close proximity to Birmingham but also to the local manufacturing and business headquarters that can be found there. Over the past few decades, the city has expanded at a consistent pace, and residents now enjoy a high quality of life as a result of this growth.
The city is home to a number of lovely parks and other outdoor areas. On the site of a former nursery sits what is now known as Aldridge Gardens, which encompasses thirty acres and includes a lake, walking trails, and a variety of plants and flowers.
Another place frequented by people who appreciate nature is the Moss Rock Preserve, also referred to simply as The Preserve. It is a park that spans over 350 acres and features natural rock formations as well as hiking trails.
The Hoover Metropolitan Complex, which was constructed in 1988 as part of an urban renewal project, is the most notable of the numerous shopping centers and retail outlets that can be found in Hoover.
8. Helena — $89,982 (Wealthiest Cities in Alabama)
The cities of Jefferson and Shelby counties are where you’ll find Helena, Alabama. With an average household income of more than $89,982, it is one of the cities in the state of Alabama that can lay claim to the title of “wealthiest.””
The population of Helena was estimated to be 18,463 by the United States Census Bureau in the year 2019. Helena is located in Jefferson County and is considered a suburb of Birmingham. It is also included in the Birmingham-Hoover Metropolitan Statistical Area.
The city is tucked away on the banks of Buck Creek and provides its residents with the feeling of living in a small town while still providing them with all of the amenities that one would expect from a larger city.
It is only a few minutes’ drive to Birmingham, which is the largest city in Alabama.
The discovery of natural gas deposits in the Buck Creek area in the early 20th century fueled further growth in Helena. During this time period, a large number of new homes as well as commercial buildings were constructed to support the population of the town.
9. Spanish Fort — $86,505
Spanish Fort is recognized as one of the most prosperous cities in the state of Alabama.
The average income of a household is $86,505, which is significantly higher than the average income in the state, which is $52,035.
Spanish Fort is the most populous city in Baldwin County; it was established in 1712 and is a suburb of Mobile Bay. Spanish Fort is also the county seat. During the first century of Louisiana’s existence, it was actually a part of French Louisiana; however, after the Battle of New Orleans, it was ceded to the British.
Residents of Spanish Fort work predominantly in the military or for defense contracting companies, and a significant portion of the population calls Brookley Air Force Base home.
This indicates that the majority of residents enjoy generous benefit packages and are secure in their employment.
The fact that the median value of a home in Spanish Fort is $353,234 indicates that real estate prices there are significantly higher than the average when compared to the costs of real estate in the other cities on this list.
10. Homewood — $84,418 (Wealthiest Cities in Alabama)
With a population of almost 25,110 people, Homewood Fort is one of the most populous cities in Alabama and is also one of the wealthiest cities in the state. The city is well-known for the quality of its public schools as well as its suburban lifestyle that maintains a small-town atmosphere.
Because there are more than 3,500 businesses in the region, prospective business owners have an abundance of opportunities to be successful. Both Jefferson County and the Birmingham-Hoover Metropolitan Statistical Area include the city. Jefferson County is the county in which the city is located.
Homewood has a median household income of $84,418 and a median home value of $486,303, according to the American Community Survey. These astounding figures are evidence of the level of prosperity enjoyed by the locals.
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