Living in Lipscomb, Alabama
Cost of living, income, home prices, rent and demographics of Lipscomb · Census data 2020–2024
Lipscomb has 2,214 residents with a median age of 29.4. The median household income is $41,875 (35% lower than the Alabama median), the median home value is $90,400, the median rent is $1,044/month.
Lipscomb at a glance
- Population
- 2,214
- Median age
- 29.4State: 39.3
- Median household income
- $41,875State: $63,999
- Median home value
- $90,400State: $209,900
- Median rent
- $1,044/moState: $1,007
- Homeowners
- 62.3%
- Bachelor's degree or higher
- 6.1%
- Average commute
- 25 min
Is Lipscomb a good place to live?
Pros: Home values 57% lower than the state median; an average commute of 25 minutes; unemployment of 4.3%.
Cons: Median household income 35% lower than the Alabama median; a poverty rate of 34.1%.
The weather is best in April–May and September–October.
Cost of living in Lipscomb
Housing is the biggest part of the cost of living. In Lipscomb the median home value is $90,400, 73% lower than the U.S. median. Renters pay a median of $1,044 per month, which is 34.1% of household income. Homeowners with a mortgage pay $984 a month in housing costs.
Lipscomb median household income
The median household income in Lipscomb is $41,875 and the income per person is $19,352. 34.1% of residents live below the poverty line (Alabama: 15.6%).
Housing in Lipscomb: homes for sale and rent
- Housing units
- 965
- Owner-occupied
- 62.3%
- Renter-occupied
- 37.7%
- Vacant
- 21.1%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.91
Lipscomb demographics
- Population
- 2,214
- Median age
- 29.4
- Under 18
- 30.7%
- 65 and older
- 11.8%
- Households
- 761
- Foreign-born
- 15.4%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lipscomb ›
Education in Lipscomb
6.1% of adults 25 and older in Lipscomb have a bachelor's degree or higher (Alabama: 28.4%), and 2.9% have a graduate or professional degree.
Jobs and commute in Lipscomb
- Unemployment rate
- 4.3%State: 4.7%
- Average commute
- 25 minState: 26 min
- Work from home
- 8.1%
- Drive alone
- 66.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.7%
Lipscomb vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lipscomb | 2,214 | $41,875 | $90,400 | $1,044 |
| Brighton | 3,079 | $38,221 | $70,800 | $656 |
| Midfield | 5,045 | $52,755 | $107,600 | $1,244 |
| Fairfield | 9,728 | $48,456 | $129,300 | $1,008 |
| Bessemer | 25,400 | $39,613 | $135,900 | $961 |
| Hueytown | 16,414 | $62,784 | $155,300 | $1,304 |
| Pleasant Grove | 9,442 | $70,317 | $226,400 | $1,400 |
| McDonald Chapel | 651 | $56,971 | $134,400 | $1,084 |
| Concord | 1,913 | $66,406 | $173,500 | $775 |
More for people moving to Lipscomb
Lipscomb ZIP code ›Weather and climate ›Living in Lipscomb: FAQ
What is the median household income in Lipscomb, AL?
The median household income in Lipscomb is $41,875, 35% 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 Lipscomb?
The median home value in Lipscomb is $90,400, compared with $209,900 in Alabama.
How much is rent in Lipscomb?
The median gross rent in Lipscomb is $1,044 per month, about 34.1% of household income.
Is Lipscomb, AL a good place to live?
Pluses: home values 57% lower than the state median; an average commute of 25 minutes; unemployment of 4.3%. Minuses: median household income 35% lower than the Alabama median; a poverty rate of 34.1%.
What is the median age in Lipscomb?
The median age in Lipscomb is 29.4 years (Alabama: 39.3).
How long is the commute in Lipscomb?
The average commute to work in Lipscomb is 25 minutes; 8.1% of workers work from home.
What is the unemployment rate in Lipscomb?
The unemployment rate in Lipscomb is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lipscomb?
6.1% of adults in Lipscomb 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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