What’s the Poorest Town in Alabama?

Low-income households are experiencing the most significant impact from increasing prices that are affecting everyone, said 24/7 Wall Street.

While the Federal Reserve kept the funds rate unchanged in September, there is a high probability that they will raise the rates during November, potentially reaching a range of 5.5% to 5.75%. The U.S. inflation rate, as indicated by the consumer price index (CPI), is anticipated to hover around 2.7% in the latter half of the year, resulting in an annualized rate of 4.1% for the year 2023, said The University of Alabama College of Business.

By analyzing the latest five-year data from the U.S. Census Bureau's 2021 American Community Survey, 24/7 Wall St. has determined the most economically disadvantaged town in each state.

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Their study encompassed cities, towns, and unincorporated communities with populations ranging from 1,000 to 25,000 residents, and ranked them based on their median household income.

24/7 Wall St ‘Poorest Town’ in Alabama

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