Sweet home Alabama, I’m coming home to you — with bags full of cash.
That is if I live in one of the ten richest places in the Heart of Dixie.
If you already live in one of the wealthiest cities in Alabama, then kudos on your success. But if you’re looking to break into the big league in this southern gem, look no further than our list of top ten richest places in Alabama.
So how did we come to a final tally on the state’s havens of wealth? We poured over the Census data from the American Community Survey for 142 Alabama cities with 3,000 people. We then looked at home prices according to Zillow and median incomes from the Census. There was a good amount of overlap between Alabama’s richest cities and its best and safest cities.
If you want to live in a spot that ticks all the boxes, then you’ll want to check out the Birmingham ‘burbs of Mountain Brook or Vestavia Hills.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Richest Places In Alabama For 2024
What’s the wealthiest city in Alabama? According to the data, Mountain Brook is the wealthiest city in Alabama for 2024.
If you care about living in a place with low poverty, great job opportunities, and rich residents, look no further than the list below. The Heart of Dixie is calling.
Rich people not your cup of tea? Feel free to check out some more reading about Alabama:
The 10 Richest Cities In Alabama For 2024
1. Mountain Brook
/10
Population: 22,259
Median Income: $167,007
Median Home Values: $887,856
More on Mountain Brook: Data | Crime | Cost Of Living | Real Estate
2. Vestavia Hills
/10
Population: 38,600
Median Income: $127,582
Median Home Values: $517,867
More on Vestavia Hills: Data | Crime | Cost Of Living | Real Estate
3. Pike Road
/10
Population: 9,651
Median Income: $119,928
Median Home Values: $391,577
More on Pike Road: Data | Cost Of Living | Real Estate
4. Homewood
/10
Population: 27,557
Median Income: $97,366
Median Home Values: $496,963
More on Homewood: Data | Cost Of Living | Real Estate
5. Trussville
/10
Population: 25,621
Median Income: $118,028
Median Home Values: $376,558
More on Trussville: Data | Crime | Cost Of Living | Real Estate
6. Orange Beach
/10
Population: 8,048
Median Income: $90,402
Median Home Values: $701,196
More on Orange Beach: Data | Crime | Cost Of Living | Real Estate
7. Madison
/10
Population: 56,967
Median Income: $118,132
Median Home Values: $371,983
More on Madison: Data | Cost Of Living | Real Estate
8. Hoover
/10
Population: 91,995
Median Income: $101,765
Median Home Values: $423,088
More on Hoover: Data | Crime | Cost Of Living | Real Estate
9. Spanish Fort
/10
Population: 10,083
Median Income: $98,350
Median Home Values: $386,694
More on Spanish Fort: Data | Cost Of Living | Real Estate
10. Chelsea
/10
Population: 15,201
Median Income: $102,344
Median Home Values: $372,677
More on Chelsea: Data | Cost Of Living | Real Estate
Methodology: How We Determined The Richest Places In Alabama For 2024
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying 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 2018-2022 American Community Survey and applied Saturday Night Science:
- Median Home Values
- Median Household Income
Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”
After we collected the data for all 142 places with more than 3,000 people in Alabama, we ranked each place from 1 to 142 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 City In Alabama For 2024.”
The data has been updated for 2024. This is our tenth time ranking the wealthiest cities in Alabama.
You can skip to the end to see the rankings for all 142 places.
Summary: The Wealthiest Places In Alabama For 2024
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.
The richest cities in Alabama are Mountain Brook, Vestavia Hills, Pike Road, Homewood, Trussville, Orange Beach, Madison, Hoover, Spanish Fort, and Chelsea.
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:
Poorest: Selma
2nd Poorest: Tuskegee
3rd Poorest: Prichard
For more Alabama reading, check out:
Detailed List Of The Richest Cities In Alabama
| Rank | City | RichScore | Median Income | Average Home Price |
|---|---|---|---|---|
| 1 | Mountain Brook | 1.0 | $167,007 | $887,856 |
| 2 | Vestavia Hills | 2.5 | $127,582 | $517,867 |
| 3 | Pike Road | 6.0 | $119,928 | $391,577 |
| 4 | Homewood | 8.0 | $97,366 | $496,963 |
| 5 | Trussville | 8.0 | $118,028 | $376,558 |
| 6 | Orange Beach | 8.0 | $90,402 | $701,196 |
| 7 | Madison | 8.5 | $118,132 | $371,983 |
| 8 | Hoover | 9.0 | $101,765 | $423,088 |
| 9 | Spanish Fort | 10.5 | $98,350 | $386,694 |
| 10 | Chelsea | 10.5 | $102,344 | $372,677 |
| 11 | Helena | 11.0 | $107,360 | $344,616 |
| 12 | Priceville | 13.0 | $105,362 | $302,412 |
| 13 | Fairhope | 14.0 | $85,456 | $462,465 |
| 14 | Kimberly | 14.5 | $107,670 | $285,863 |
| 15 | Pelham | 16.0 | $94,108 | $300,946 |
| 16 | Alabaster | 19.5 | $89,423 | $288,633 |
| 17 | Loxley | 20.0 | $89,435 | $284,805 |
| 18 | Daphne | 21.5 | $80,657 | $317,169 |
| 19 | Lake View | 24.5 | $86,552 | $269,961 |
| 20 | Argo | 26.5 | $87,134 | $259,408 |
| 21 | Margaret | 27.5 | $83,814 | $259,656 |
| 22 | Triana | 28.5 | $89,531 | $247,539 |
| 23 | Gulf Shores | 30.0 | $62,021 | $468,361 |
| 24 | Gardendale | 31.5 | $78,719 | $257,779 |
| 25 | Moody | 33.0 | $77,680 | $257,342 |
| 26 | Huntsville | 33.5 | $67,874 | $276,878 |
| 27 | Pell City | 33.5 | $71,027 | $266,567 |
| 28 | Springville | 35.0 | $62,386 | $319,368 |
| 29 | Northport | 35.5 | $72,286 | $257,877 |
| 30 | Satsuma | 35.5 | $87,974 | $228,979 |
| 31 | Irondale | 36.0 | $68,869 | $266,185 |
| 32 | Clay | 36.5 | $74,198 | $244,802 |
| 33 | Calera | 36.5 | $73,775 | $248,784 |
| 34 | Prattville | 38.5 | $76,176 | $233,140 |
| 35 | Southside | 39.0 | $70,843 | $254,667 |
| 36 | Foley | 40.0 | $60,090 | $296,222 |
| 37 | Guntersville | 41.0 | $61,453 | $275,377 |
| 38 | Muscle Shoals | 41.5 | $70,493 | $239,988 |
| 39 | Auburn | 41.5 | $55,509 | $350,820 |
| 40 | Athens | 42.5 | $57,444 | $292,471 |
| 41 | Pinson | 43.5 | $83,673 | $206,702 |
| 42 | Leeds | 44.0 | $67,159 | $237,534 |
| 43 | Pleasant Grove | 44.0 | $72,917 | $224,499 |
| 44 | Columbiana | 45.0 | $58,214 | $270,933 |
| 45 | Fultondale | 45.5 | $72,741 | $220,246 |
| 46 | Lincoln | 46.0 | $65,042 | $234,743 |
| 47 | Headland | 47.5 | $80,811 | $202,247 |
| 48 | Hartselle | 48.0 | $64,876 | $231,775 |
| 49 | Opelika | 49.5 | $55,218 | $270,539 |
| 50 | Robertsdale | 51.0 | $55,345 | $263,043 |
| 51 | Dadeville | 51.5 | $46,477 | $467,154 |
| 52 | Moundville | 53.5 | $64,643 | $215,605 |
| 53 | Cullman | 53.5 | $59,982 | $235,534 |
| 54 | Smiths Station | 53.5 | $55,676 | $256,069 |
| 55 | Semmes | 54.0 | $61,433 | $230,822 |
| 56 | Hokes Bluff | 54.0 | $72,333 | $198,995 |
| 57 | Rainbow City | 54.5 | $60,260 | $231,569 |
| 58 | Saraland | 54.5 | $62,802 | $222,397 |
| 59 | Wetumpka | 55.5 | $54,477 | $257,347 |
| 60 | Glencoe | 57.5 | $68,893 | $194,932 |
| 61 | Enterprise | 58.5 | $64,888 | $200,569 |
| 62 | Jasper | 59.5 | $62,850 | $202,953 |
| 63 | Montevallo | 59.5 | $56,500 | $225,034 |
| 64 | Weaver | 60.5 | $81,250 | $156,118 |
| 65 | Rainsville | 62.0 | $60,339 | $203,975 |
| 66 | Arab | 62.0 | $56,471 | $218,349 |
| 67 | Millbrook | 62.5 | $63,521 | $196,171 |
| 68 | Winfield | 64.5 | $73,810 | $155,168 |
| 69 | Warrior | 65.0 | $53,258 | $229,502 |
| 70 | Oxford | 66.0 | $66,031 | $177,057 |
| 71 | Decatur | 68.5 | $55,164 | $206,372 |
| 72 | Valley Grande | 70.0 | $64,258 | $163,248 |
| 73 | Hueytown | 71.0 | $64,176 | $162,864 |
| 74 | Clanton | 74.0 | $48,566 | $209,433 |
| 75 | Albertville | 74.0 | $55,933 | $185,432 |
| 76 | Tuscaloosa | 78.5 | $47,257 | $207,537 |
| 77 | Dothan | 79.5 | $53,704 | $184,646 |
| 78 | Scottsboro | 81.5 | $49,287 | $192,512 |
| 79 | Heflin | 83.5 | $45,288 | $208,891 |
| 80 | Citronelle | 83.5 | $54,892 | $159,078 |
| 81 | Mobile | 86.5 | $48,524 | $183,563 |
| 82 | Jacksonville | 87.0 | $46,451 | $192,734 |
| 83 | Florence | 87.0 | $47,048 | $190,715 |
| 84 | Adamsville | 88.5 | $58,631 | $133,754 |
| 85 | Tallassee | 89.0 | $48,531 | $164,771 |
| 86 | Tuscumbia | 89.5 | $47,530 | $177,073 |
| 87 | Phenix City | 89.5 | $46,944 | $184,141 |
| 88 | Valley | 90.0 | $54,237 | $146,407 |
| 89 | Demopolis | 90.5 | $51,364 | $153,312 |
| 90 | Oneonta | 91.0 | $44,167 | $199,742 |
| 91 | Hamilton | 93.0 | $50,882 | $150,860 |
| 92 | Center Point | 93.0 | $49,886 | $152,646 |
| 93 | Centre | 93.0 | $41,924 | $202,284 |
| 94 | Russellville | 93.0 | $50,411 | $152,015 |
| 95 | Montgomery | 94.0 | $54,166 | $137,269 |
| 96 | Bay Minette | 95.0 | $36,899 | $210,089 |
| 97 | Boaz | 96.0 | $43,276 | $185,474 |
| 98 | Fort Payne | 96.5 | $44,549 | $181,111 |
| 99 | Jackson | 96.5 | $52,530 | $136,032 |
| 100 | Sylacauga | 97.0 | $46,137 | $157,852 |