Mitchell Rales, who ranks 154, with a worth of $4.2 billion. 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 2023. The homeownership rate in Montgomery, AL is 54.1%, which is approximately the same as the national average of 64.4%. Point Clear is a small, but wonderful, beach town in Alabama along the Gulf Coast in Baldwin County. Five Points South The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Alabama have changed over time starting in 2008. That's enough to land it as the 26th wealthiest place in the country,. Love Alabama? In 2020, Montgomery, AL had a population of 199k people with a median age of 35.3 and a median household income of $49,608. The manufacturing company is known for its decks, fences, and other similar wood products. Most people in Montgomery, AL drove alone to work, and the average commute time was 20 minutes. Of Potomac residents with a minimum 10-figure net worth, Mitchell Rales is the wealthiest, worth an estimated $1.4 billion. In 2020, universities in Montgomery, AL awarded 3,600 degrees. He completed a fellowship and received his certification in 1989, at Childrens Hospital in Cincinnati. Think Small, Watch: Growing Green: A Cannabis Industry Conversation With Al Harrington, Growing Green: A Cannabis Industry Conversation with Al Harrington. According to James T. Stephens, son of the founder and former chairman of EBSCO industries, all family assets are currently owned by the company. The Saudi Arabian forward scored twice as Al-Hilal defeated Flamengo to reach the Club World Cup final in Morocco. HomeSnacks is reader-supported. Cha-Ching! Five Montgomery County Residents Make Forbes World's Coronation of King Charles III puts fractious royal family on stage If you already live in one of the wealthiest cities in Alabama, then kudos on your success. In 2020, total outbound Alabama trade was $282B. Clark Christianson might not have a degree in medicine, but he still has ties to the healthcare industry. Public, 2-year ($1,800) is the sector with the highest average net price of books and supplies. Employment change between May 2020 and May 2021. The 5 largest ethnic groups in Montgomery, AL are Black or African American (Non-Hispanic) (60.6%), White (Non-Hispanic) (29.9%), Asian (Non-Hispanic) (3.24%), Two+ (Non-Hispanic) (2.26%), and White (Hispanic) (1.61%). Additionally, 1.45% of the workforce in Montgomery, AL have "super commutes" in excess of 90 minutes. Taking the sixth position is Jason Swanner, yet another person in the medical fields popular for clinical operations in Alabama, his name is an inspiration to various medical students all across the state. William Ferniany is one of the, After taking on the role of the president in 2009, Nix has reached a yearly compensation of more than $1.5 million. The names marked Asterix have no known information or net worth but are officially classified as shown here, more info on them would be updated as soon valuations are gotten. Alabama Famous People: History and Biographies - eReferenceDesk After all, rich people have really high salaries. His net worth is estimated at $1.42 million as of the latest valuation by Forbes. The most common racial or ethnic group living below the poverty line in Montgomery, AL is Black, followed by White and Hispanic. The chart underneath the paragraph shows the property taxes in Montgomery, AL compared to it's parent and neighbor geographies. 597 Mitchel Rales - $3.6 billion No. Who are the richest Alabamians now that billionaire Marguerite Harbert Yass did not only make his way onto the billionaires list for the first time, but also debuted as the wealthiest person in the region. Lowest-paying Jobs in Montgomery | Stacker and the rest of Alabama, James W. Rane is the founder and CEO of Great Southern Wood Preserving. Brindleyplace and today we would be looking at the 15 richest persons in Alabama and their source of wealth. Only Mountain Brook ranked better overall in a study of Alabama cities by job. Mountain Brook is a charming suburb of Birmingham and is known to be the state's most affluent place. Cookie Settings/Do Not Sell My Personal Information. The following map shows all of the places in Montgomery, AL colored by their Median Household Income (Total). [1], Data is from the 2020 United States census.[2]. He has hired over 50 people in his career, been hired five times, and wants to help you land your . In 2019, the percentage of foreign-born citizens in Montgomery, AL was 4.95%, meaning that the rate has been increasing. As of 2020, 96.7% of Montgomery, AL residents were US citizens, which is higher than the national average of 93.4%. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered. We analyzed 103 places in Alabama to determine where the 1% live. Sign Up for Our Daily Update. Listed below are the 10 cities considered to be the states most expensive places to live, based on a number of factors and criteria. Richest person in Alabama and every other state - al.com Read more about the Montgomery County billionaires in the Philadelphia Business Journal. In 2020, the median property value in Montgomery, AL was $121,100, and the homeownership rate was 54.1%. The most common job groups, by number of people living in Montgomery, AL, are Office & Administrative Support Occupations (11,790 people), Sales & Related Occupations (8,677 people), and Management Occupations (7,872 people). After receiving his degree from St. Georges School of Medicine, Richardson specialized in urology. We also use third-party cookies that help us analyze and understand how you use this website. The following chart shows how the percent of uninsured individuals in Montgomery, AL changed over time compared with the percent of individuals enrolled in various types of health insurance. Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census. If youre curious enough, here are the poorest cities in Alabama, according to data: Poorest: Tuskegee2nd Poorest: Selma3rd Poorest: Bessemer. 1008 with a net worth of $3 billion. David Rubenstein, who ranks 275, is co-chief executive officer and co-founder of the Carlyle Group. King Charles III lives in a palace, travels in a chauffeur-driven Bentley and is one of Britain's richest men, but he's similar to many of his subjects in one very basic way: His family life . Income inequality had a 0.32% decline from 2019 to 2020, which means that wage distribution grew somewhat more even. Two counties battle it out for the wealthiest county in Alabama. In 2020, the income inequality in Alabama was 0.458 according to the GINI calculation of the wage distribution. 59th place - With a fortune of 2.995 billion, House of Fraser and Sports Direct owner Mike Ashley is the wealthiest person in the East Midlands - and 59th place overall. The 10th richest person in Alabama is Brian Wiatrak head of the Pediatric Otolaryngology department at the Childrens of Alabama hospital, he is a man of value well known for the value he has given over the years in nonprofit organizations, although his net worth isnt clear, it is estimated at $1.1 according to Forbes. Average Cost of Police Departments in America, Nevertheless, James and his three siblings, Elton B. Stephens, Jr., Jane S. Comer, and Dell S. Brooke, are undeniably some of the. He is a physician at the Jackson Hospital and clinic. Rales, 64, is a board member of the Fortive Corporation, an industrial technology conglomerate company. Sweet home Alabama, Im coming home to you with bags full of cash. All Rights Reserved. List of Alabama locations by per capita income - Wikipedia In 2020, 54.1% of the housing units in Montgomery, AL were occupied by their owner. His net worth isnt available publicly but Forbes places him as the third richest in the state of Alabama, USA. The number of students enrolled in 2020 was 16,099 (36.6% men and 63.4% women). David Rubenstein, worth $3.4 billion, ranks 238, which is up 37 positions compared to last year. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. In 2020, there were 2.03 times more Black or African American (Non-Hispanic) residents (121k people) in Montgomery, AL than any other race or ethnicity. Lets take a look at some of these wealthy towns in Alabama. The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks. The 10 Richest Cities In Alabama For 2023 1. Earning almost $2 million on a yearly basis, John ONeil is the richest person in Alabama in the IT sector. Wealth-X said there are 410 people who fit that category in Alabama. Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data. Jewellery Quarter The greater Washington D.C. area is home to many things, including politicians, sports teams, and bad traffic. The great news about Alabamas 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. YouTubes privacy policy is available here and YouTubes terms of service is available here. After taking on the role of the president in 2009, Nix has reached a yearly compensation of more than $1.5 million. Wallmine has his total net worth at an estimated $990,000 but other sources have placed it above the million-dollar mark. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Highest level of educational attainment in Montgomery for adults over 25 < 9th Grade 4.0% (7,962) 9-12th Grade 9.0% (17,914) High School / GED 24.0% (47,772) Some College 22.0% (43,791) Associate's Degree 8.0% (15,924) Bachelor's Degree 19.0% (37,820) Master's Degree 11.0% (21,895) Professional Degree 2.0% (3,981) Doctorate Degree 1.0% (1,990) Trussville The cities also had to have a population of at least 5,000. The largest share of households have an income in the $75k - $100k range. None of the households in Montgomery, AL reported speaking a non-English language at home as their primary shared language. Homewood And, if you want to know who is really excited to see the president, check out the students at Oxmoor Valley Elementary, Jones Valley Middle School, and Wenonah High School. 365 Ted Lerner and family - $4.9 billion No. By gender, of the total number of insured persons, 44.9% were men and 55.1% were women. The per capita income for Birmingham is around $26,000, which puts it in the upper middle-income range for Alabama as a whole, but middle income relative to the rest of the US. New York has the second highest (5,087), followed by Florida (4,915). Warren Buffett, Nebraska, $66.9B (3). Whats the wealthiest city in Alabama? This page is not available in other languages. Primary care physicians in Montgomery County, AL see an average of 982 patients per year. So how did we come to a final tally on the states havens of wealth? This makes him the richest person from Russellville. Under the paragraphs, the average number of awarded degrees by university in each degree is shown. A fortune worth at least $30 million. Private not-for-profit, 4-year or above ($21,000) is the sector with the highest median state tuition in 2020. According to a recent valuation by the Forbes Magazine, he is worth $1.5 million with an annual salary of US $649,247. Are these cities as wonderful as they appear to be, or are they extremely overrated? Clayton Mathile is Ohio's . Fury 325 at Carowinds amusement park in Charlotte, North Carolina. His current position is the director of the University of Alabama Ophthalmology Services which is the leading hospital in that specialization in Alabama. List of people from Alabama - Wikipedia These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. When you click through real estate links on our site, we earn an affiliate commission. Showing data for Montgomery County, AL. Lawrence Ellison, California, $47.3B (4). This represents a 4.29% decrease from the previous year (1,026 patients). But opting out of some of these cookies may affect your browsing experience. This chart presents movement trends over time in the state of Alabama across different categories of places such as retail and recreation, groceries and pharmacies, parks, transit stations, workplaces, and residential. 3.79% of the people in Montgomery, AL are hispanic (7.55k people). This chart shows the number of workers in Alabama across various wage buckets compared to the national average. Median household income in Montgomery, AL is $49,608. A fortune worth at least $30 million. Warren Buffett Nebraska Net worth: $92.1 billion Business: Chairman, CEO of Berkshire Hathaway The Washington. Our guides, vetted by experts, ensure you are paying a fair price for whatever it is you are looking for. This visualization shows the gender distribution of the population according to the academic level reached. The graph shows the average net price by sector and year. Southside Al Jaffee's quick wit, deft pen and personal warmth shaped generations of American humor. He has a net worth of $1.25 million and a $546,369 per year salary. Real Time Billionaires B ILLIONAIRE S Today's Winners and Losers Reflects changes since 5pm EST of prior trading day $2.1 B Jeff Bezos $1.9 B Bernard Arnault $572 M MacKenzie Scott $546 M Lui Che. Rales, 63 of Potomac, made his fortune in manufacturing and investments. Compare this to dentists who see 1324 patients per year, and mental health providers who see 622 patients per year. Montgomery became Alabama's state capital in 1846. The richest person in Alabama is James T. Stephens with an estimated net worth of $4 billion. bought a Big Money scratch-off ticket in Marietta, Ga. recently. 8. He is followed by Jeffrey Lurie, owner of the Philadelphia Eagles, at No. African-American Civil Rights Movement, including the Montgomery Bus Boycott and the Selma to Montgomery marches. As of 2020, 5.05% of Montgomery, AL residents (10.1k people) were born outside of the United States, which is lower than the national average of 13.5%. Rich people not your cup of tea? 272 Steven Rales - $6 billion No. As EBSCOs chairman from 2002 to 2017 and head of the family, James is also known for its charity and philanthropy work, donating plenty to universities and science centers. 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. He is also chairman of Danahers executive committee, a company he and his brother founded. Hear how the one-man Y Combinator for cannabis is working to help Black and Brown entrepreneurs build equity in one of Americas fastest-growing economies. Using averages, employees in Montgomery, AL have a shorter commute time (20 minutes) than the normal US worker (26.9 minutes). 1. Montgomery Community Media. If Garry Drummond truly is a billionaire, he would likely be the richest Alabamian, but he has not been identified as such by Forbes, and his personal finances, like those of other Alabama. What we do know is that this is one of the. Use Forbes logos and quotes in your marketing. Patient to Primary Care Physician Ratio in Montgomery County, AL, General Business Administration & Management. Get more stories delivered right to your email. Known as the nature Emirate, it features a wide choice of luxury hotels, beautiful beaches, and stunning scenery. List of Alabama locations by per capita income, Alabama counties ranked by per capita income, Last edited on 19 September 2022, at 00:15, "List of Alabama locations by per capita income", Learn how and when to remove this template message, United States counties by per capita income, https://en.wikipedia.org/w/index.php?title=List_of_Alabama_locations_by_per_capita_income&oldid=1111035046, This page was last edited on 19 September 2022, at 00:15. This chart shows the share breakdown of the primary industries for residents of Montgomery, AL, though some of these residents may live in Montgomery, AL and work somewhere else. The student population of Montgomery, AL in 2020 is skewed towards women, with 5,891 male students and 10,208 female students. Why is he not on your list when his yearly salary dwarfs the net worth of #4-10? Founder and CEO of Great Southern Wood Preserving. The following map shows the amount of trade that Alabama shares with each state (excluding itself). The PUMS dataset is not available at the Place level, so we are showing data for Alabama. The best way to go big is to start small. That concludes the list of the 15 richest persons in Alabama and as you can see when compared to other states, it does not contain most rich people. Richard Shelby and Tommy Tuberville are the senators currently representing Alabama. This chart shows weekly unemployment insurance claims in Alabama (not-seasonally adjusted) compared with the four states with the most similar impact. The cookie is used to store the user consent for the cookies in the category "Other. The list is rounded out by the founder of Universal Health Services Alan Miller and his family at No. The youthful Mariners and the improved Angels and Rangers are lying in wait should the World Champions falter. DC area's 11 billionaires (12 counting the one at 1600 - WTOP From 2019 to 2020, employment in Montgomery, AL declined at a rate of 1.55%, from 88k employees to 86.7k employees. Of course, Fairhope Ala. is in Baldwin, another nice county. You've got Jefferson County which contains Mountain Brook, which usually takes the top spot for the most affluent city. Lerner, 94, lives in Chevy Chase. [2] References [ edit] ^ a b "QuickFacts: Alabama". ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true});So how exactly did we determine which places in Alabama have the most going on monetarily? 96.7% of the residents in Montgomery, AL are U.S. citizens. This visualization illustrates the percentage distribution of the population according to the highest educational level reached. The median property value in Montgomery, AL was $121,100 in 2020, which is 0.527 times smaller than the national average of $229,800. The household range for middle class earners in Alabama is $17,807 to $91,778 with a median family income of $66,171, the sixth lowest in the country. Car ownership in Montgomery, AL is approximately the same as the national average, with an average of 2 cars per household. In 2019, the percentage of US citizens in Montgomery, AL was 96.8%, meaning that the rate of citizenship has been decreasing. Here Are The 10 Richest Cities In Alabama - OnlyInYourState Montgomery, AL - Annual mean salary: $22,260 - #367 highest pay among all metros - Employment: 1,450 . The following chart shows US citizenship percentages in Montgomery, AL compared to that of it's neighboring and parent geographies.