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24/7 Wall St.: America's Richest and Poorest States

America’s Poorest States

5. Alabama

Median household income: $41,415

Population: 4,802,740 (23rd highest)

Unemployment rate: 9% (18th highest)

Pct. below poverty line: 19% (7th highest)

In 2011, Alabama’s median income was more than $9,000 below the nation’s median income, while 6.4% of families lived off less than $10,000 a year — higher than in all but five states. For the second year in a row, Alabama’s poverty rate was 19%, remaining more than three percentage points above the national rate. Despite struggling with poverty, only 14.3% of Alabamians did not have health insurance last year — slightly better than the national figure of 15.1%. It is likely that Alabama’s cheap health care - the least expensive in the country for the fourth quarter of 2011 – resulted in more insured residents. According to Gallup, since August of 2011 almost 23% of state residents reported not having enough money to buy food at least once.

(iStock Photo)

More From 24/7 Wall St.:
America’s Worst Companies to Work for
States Losing the Most Jobs to China
The 10 Poorest Countries in the World

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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