Allgood, AL
Population 788 · Alabama
About Allgood, AL
Allgood is a small community located in Alabama with a population of 788 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,125 per year, which is 3% below the national median of $75,149. The median age of 30.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Allgood features a median home value of $102,000, which is 58% below the national median of $244,900. This makes Allgood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $773, 34% below the national average of $1,163/month. Of the 205 total housing units, 66% are owner-occupied (120 units) and 34% are renter-occupied (61 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Allgood shows an unemployment rate of 27.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 31.6%, above the national average of 12.4%. Workers in Allgood have an average one-way commute time of 39.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
8.1% of Allgood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 59.6% White, 5.3% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 29.3% of the population being foreign-born.
Cost of Living in Allgood, AL
Compared to national averages, Allgood has a median household income of $73,125 (3% below the national median of $75,149). Home values average $102,000, which is 58% below the national median. Monthly rent at $773 is 34% below the US average of $1,163. Within Alabama, Allgood's income is 26% above the state average of $57,952, and home values are 36% below the state median of $159,358.
Why Live in Allgood, AL?
Allgood offers affordable housing with a median home value of $102,000, below the US average of $244,900, and rent that’s lower than the national average at $773/month.
Potential considerations include median household income ($73,125) that falls below the national average. However, Allgood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Allgood has a population of 788 with a median age of 30.4 years. Compare Allgood with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Allgood
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Reece City | 795 | $73,472 | $155,100 | Compare |
| Courtland | 777 | $41,406 | $0 | Compare |
| Pickensville | 776 | $46,667 | $140,400 | Compare |
| Rockford | 776 | $54,000 | $95,000 | Compare |
| Gilbertown | 772 | $66,300 | $178,400 | Compare |
| Columbia | 769 | $55,417 | $151,300 | Compare |
| Pea Ridge | 808 | $57,273 | $93,600 | Compare |
| Leesburg | 813 | $53,472 | $169,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Allgood With Other Cities
Frequently Asked Questions about Allgood
What is the population of Allgood, AL?
The population of Allgood, AL is 788 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alabama.
What is the median household income in Allgood?
The median household income in Allgood, AL is $73,125 per year, which is 3% below the national median of $75,149.
What is the median home value in Allgood?
The median home value in Allgood, AL is $102,000, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Allgood?
The median monthly rent in Allgood, AL is $773, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Allgood?
The unemployment rate in Allgood, AL is 27.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Allgood, AL a good place to live?
Allgood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 788 and a median age of 30.4, the city appeals to young professionals and families.
How educated is Allgood, AL?
8.1% of residents in Allgood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Allgood?
Key cost-of-living indicators for Allgood, AL: median home value is $102,000 (58% below national), median rent is $773/month, and median household income is $73,125. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Allgood?
The poverty rate in Allgood, AL is 31.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Allgood, AL?
Allgood's population is 59.6% White, 5.3% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 29.3% of residents are foreign-born.