Living in Goodwater, Alabama
Cost of living, income, home prices, rent and demographics of Goodwater · Census data 2020–2024
Goodwater has 1,445 residents with a median age of 45.8. The median household income is $39,511 (38% lower than the Alabama median), the median home value is $58,900, the median rent is $650/month.
Goodwater is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Goodwater at a glance
- Population
- 1,445
- Median age
- 45.8State: 39.3
- Median household income
- $39,511State: $63,999
- Median home value
- $58,900State: $209,900
- Median rent
- $650/moState: $1,007
- Homeowners
- 56.6%
- Bachelor's degree or higher
- 4.9%
- Average commute
- 27 min
Is Goodwater a good place to live?
Pros: Home values 72% lower than the state median.
Cons: Median household income 38% lower than the Alabama median; an average commute of 27 minutes; unemployment of 6.8%; a poverty rate of 36.4%.
The weather is best in April–May and September–October.
Cost of living in Goodwater
Housing is the biggest part of the cost of living. In Goodwater the median home value is $58,900, 82% lower than the U.S. median. Renters pay a median of $650 per month, which is 37.9% of household income. Homeowners with a mortgage pay $998 a month in housing costs.
Goodwater median household income
The median household income in Goodwater is $39,511 and the income per person is $16,459. 36.4% of residents live below the poverty line (Alabama: 15.6%).
Housing in Goodwater: homes for sale and rent
- Housing units
- 846
- Owner-occupied
- 56.6%
- Renter-occupied
- 43.4%
- Vacant
- 25.2%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.18
Goodwater demographics
- Population
- 1,445
- Median age
- 45.8
- Under 18
- 25.8%
- 65 and older
- 28.2%
- Households
- 633
- Foreign-born
- 0.6%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Goodwater ›
Education in Goodwater
4.9% of adults 25 and older in Goodwater have a bachelor's degree or higher (Alabama: 28.4%), and 1.5% have a graduate or professional degree.
Jobs and commute in Goodwater
- Unemployment rate
- 6.8%State: 4.7%
- Average commute
- 27 minState: 26 min
- Work from home
- 0%
- Drive alone
- 90.4%
- Public transit
- 0%
- Walk to work
- 6.3%
- Homes with broadband
- 83.9%
Goodwater vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Goodwater | 1,445 | $39,511 | $58,900 | $650 |
| Kellyton | 106 | $60,625 | $108,900 | — |
| Hollins | 465 | $55,398 | $92,400 | — |
| Hanover | 248 | $108,929 | $9,999 | — |
| Millerville | 447 | $96,071 | — | — |
| Alexander City | 14,606 | $47,022 | $155,000 | $721 |
| Stewartville | 1,629 | $87,574 | $94,100 | — |
| Hissop | 206 | $65,592 | — | — |
| Ray | 548 | $77,951 | $137,500 | $1,066 |
More for people moving to Goodwater
Goodwater ZIP code ›Weather and climate ›Living in Goodwater: FAQ
What is the median household income in Goodwater, AL?
The median household income in Goodwater is $39,511, 38% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Goodwater?
The median home value in Goodwater is $58,900, compared with $209,900 in Alabama.
How much is rent in Goodwater?
The median gross rent in Goodwater is $650 per month, about 37.9% of household income.
Is Goodwater, AL a good place to live?
Pluses: home values 72% lower than the state median. Minuses: median household income 38% lower than the Alabama median; an average commute of 27 minutes; unemployment of 6.8%; a poverty rate of 36.4%.
What is the median age in Goodwater?
The median age in Goodwater is 45.8 years (Alabama: 39.3).
How long is the commute in Goodwater?
The average commute to work in Goodwater is 27 minutes; 0% of workers work from home.
What is the unemployment rate in Goodwater?
The unemployment rate in Goodwater is 6.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Goodwater?
4.9% of adults in Goodwater have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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