Income

Household Income (HHI)

Median HHI - $65,821

With a Median Household Income of $65,821 the Birmingham, AL Market ranks 109th across STI Markets.

Average HHI - $90,478

The Average Household Income is $90,478 for which this market ranks 95th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Birmingham, AL market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - High

The distribution of Household Income in the Birmingham, AL market can be considered High with a Gini coefficient of 0.457. This market ranks 22nd in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $61,856 and $95,544, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $57,242

With an Average Household Income for those head of householders aged under 25 of $57,242 the Birmingham, AL market ranks 73rd across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $95,652

With an Average Household Income for those head of householders aged 25 to 45 of $95,652 the Birmingham, AL market ranks 96th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $103,049

With an Average Household Income for those head of householders aged 45 to 65 of $103,049 the Birmingham, AL market ranks 95th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $72,788

With an Average Household Income for those head of householders aged 65 and over of $72,788 the Birmingham, AL market ranks 106th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $97,996

With an Average Household Income for those head of householders Non-Hispanic White of $97,996 the Birmingham, AL market ranks 84th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $70,441

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $70,441 the Birmingham, AL market ranks 79th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $108,699

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $108,699 the Birmingham, AL market ranks 80th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $85,326

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $85,326 the Birmingham, AL market ranks 80th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $80,886

With an Average Household Income for those head of householders identifying as Hispanic of $80,886 the Birmingham, AL market ranks 98th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $72,208

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $72,208 which ranks 92nd across STI Markets.

This is a drop of $18,269, or 20.19%, overall this percentage drop ranks 109th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $52,654

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $52,654 which ranks 89th across STI Markets.

This is a drop of $37,824, or 41.8%, overall this percentage drop ranks 123rd across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing