BEA.GOV | Economic Profile for Madison County Alabama
Per Capita Personal Income
In 2023, Madison had a per capita personal income (PCPI) of $66,005. This PCPI ranked 3rd in the state and was 121.8 percent of the state average, $54,209, and 94.5 percent of the national average, $69,810. The 2023 PCPI reflected an increase of 5.6 percent from 2022. The 2022–2023 state change was 4.9 percent and the national change was 5.4 percent. In 2013, the PCPI of Madison was $43,560 and ranked 3rd in the state. The 2013–2023 compound annual growth rate of PCPI was 4.2 percent. The compound annual growth rate for the state was 4.3 percent and for the nation was 4.6 percent.
Note: Per capita personal income is total personal income divided by total midyear population.
Reference: bea.gov