The 10 Richest Cities In Alabama For 2023

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 104 Alabama cities with 5,000. After cutting the numbers down to the more populous locales, we then looked at various statistics like unemployment, poverty rates, and median income and assigned weights and values for each of these factors. Unsurprisingly, there was a good amount of overlap between Alabama’s richest cities and its best and safest cities, especially in the upper echelon.

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. You’ll need a private jet to get to the Crimson Tide home game if you’re coming from Spanish Fort, but you may just be able to afford it if you’re living there. The great news about Alabama’s hotspots of wealth is that 8/10 of these cities have a median household income under $100,000/year, so living in the rarefied air of the 1% might be a much more achievable goal than it is in many other states.

So want to know where the richest of the rich reside in Alabama? Grab some grits and gravy with a side of caviar and champagne and read on.

So how exactly did we determine which places in Alabama have the most going on monetarily? In order to narrow down the richest cities in Alabama, we looked at a number of factors: poverty rate, median household income, and unemployment rate. The cities also had to have a population of at least 5,000.

That left us with 104 cities to score. What’s the wealthiest city in Alabama? According to the data, Mountain Brook is the winner of this title for 2023.

So 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:

• Best Places To Live In Alabama
• Safest Cities In Alabama
• Richest Cities In America
• Richest States In America

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Summary: The Wealthiest Places In Alabama For 2023

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:

Poorest: Tuskegee
2nd Poorest: Selma
3rd Poorest: Bessemer

For more Alabama reading, check out:

• Best Places To Live In Alabama
• Most Dangerous Cities In Alabama
• Best Places To Raise A Family In Alabama