Monroe County, Alabama
Income Data
At a Glance
How Monroe County Compares
Detailed Income Statistics
Data Story
About Household Income in Monroe County, Alabama
Monroe trails the nation significantly
Monroe County's median household income of $40,225 falls 46% below the U.S. median of $74,755, a gap of nearly $35,000 per year. This places Monroe among the lowest-income counties nationally, reflecting economic challenges common to rural Alabama.
Ranking in Alabama's lower tier
Monroe County earns 26% below Alabama's state median of $54,196, placing it in the bottom third of Alabama counties by household income. Per capita income of $23,470 also lags the state average of $29,701, indicating limited earning opportunities across the workforce.
Monroe is the region's lowest earner
Monroe's $40,225 median income is substantially lower than every comparable county in the group, with nearby Pike County at $47,961 and Pickens County at $47,014 both earning 18%+ more. Even Perry County, the second-lowest in this cohort, earns $34,368—still above Monroe's baseline.
Housing costs strain budgets
Monroe's rent-to-income ratio of 21.5% means the typical renter dedicates over one-fifth of limited income to housing. With median home values at $114,900, homeownership requires significant financial discipline given the median income of just $40,225.
Prioritize emergency savings first
Given tight household budgets, Monroe residents should focus on building a small emergency fund before other investments. Even modest monthly contributions to savings—automated from paychecks—create financial resilience and reduce reliance on costly debt.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Monroe County median
County median: $40,225 per year
vs. County Median
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vs. State Average
-26%
vs. National Median
-46%
Income Adequacy
Your monthly income ($3,352) vs. median rent ($721/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.