Lipscomb, AL
Population 2,407 · Alabama
About Lipscomb, AL
Lipscomb is a small town located in Alabama with a population of 2,407 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,792 per year, which is 39% below the national median of $75,149. The median age of 33 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 Lipscomb features a median home value of $93,900, which is 62% below the national median of $244,900. This makes Lipscomb one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $841, 28% below the national average of $1,163/month. Of the 1,006 total housing units, 69% are owner-occupied (555 units) and 31% are renter-occupied (254 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lipscomb shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 36.1%, above the national average of 12.4%. Workers in Lipscomb have an average one-way commute time of 24 minutes.
Education & Demographics
7.2% of Lipscomb 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 18.2% White, 2.2% Hispanic or Latino, 0.4% Black or African American, and 0.0% Asian residents, with 12.9% of the population being foreign-born.
Cost of Living in Lipscomb, AL
Compared to national averages, Lipscomb has a median household income of $45,792 (39% below the national median of $75,149). Home values average $93,900, which is 62% below the national median. Monthly rent at $841 is 28% below the US average of $1,163. Within Alabama, Lipscomb's income is 21% below the state average of $57,952, and home values are 41% below the state median of $159,358.
Why Live in Lipscomb, AL?
Lipscomb offers affordable housing with a median home value of $93,900, below the US average of $244,900, and rent that’s lower than the national average at $841/month, and short commute times averaging just 24 minutes.
Potential considerations include median household income ($45,792) that falls below the national average. However, Lipscomb’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lipscomb has a population of 2,407 with a median age of 33 years. Compare Lipscomb with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Lipscomb
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Greensboro | 2,390 | $31,207 | $126,100 | Compare |
| Bridgeport | 2,377 | $31,723 | $86,400 | Compare |
| Ashford | 2,438 | $61,087 | $167,500 | Compare |
| Remlap | 2,369 | $67,475 | $171,900 | Compare |
| Guin | 2,469 | $47,358 | $111,400 | Compare |
| Abbeville | 2,470 | $32,778 | $98,000 | Compare |
| Aliceville | 2,338 | $33,125 | $104,300 | Compare |
| Brookwood | 2,489 | $79,297 | $181,900 | 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 Lipscomb With Other Cities
Frequently Asked Questions about Lipscomb
What is the population of Lipscomb, AL?
The population of Lipscomb, AL is 2,407 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Alabama.
What is the median household income in Lipscomb?
The median household income in Lipscomb, AL is $45,792 per year, which is 39% below the national median of $75,149.
What is the median home value in Lipscomb?
The median home value in Lipscomb, AL is $93,900, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lipscomb?
The median monthly rent in Lipscomb, AL is $841, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Lipscomb?
The unemployment rate in Lipscomb, AL is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lipscomb, AL a good place to live?
Lipscomb offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,407 and a median age of 33, the city appeals to young professionals and families.
How educated is Lipscomb, AL?
7.2% of residents in Lipscomb 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 Lipscomb?
Key cost-of-living indicators for Lipscomb, AL: median home value is $93,900 (62% below national), median rent is $841/month, and median household income is $45,792. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lipscomb?
The poverty rate in Lipscomb, AL is 36.1%, 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 Lipscomb, AL?
Lipscomb's population is 18.2% White, 2.2% Hispanic or Latino, 0.4% Black or African American, 0.0% Asian, and 68.1% two or more races. 12.9% of residents are foreign-born.