Lipscomb, AL
Population 2,407 · Alabama
About Lipscomb, AL
Lipscomb is a small community in Alabama with a population of 2,407 residents. The median household income is $45,792 per year, which is below the national average. The median age in Lipscomb is 33 years.
Housing in Lipscomb has a median home value of $93,900 and median monthly rent of $841. Of the 1,006 total housing units, the majority are owner-occupied, with 555 owner-occupied and 254 renter-occupied units.
The unemployment rate in Lipscomb is 5.8% and the poverty rate is 36.1%. 7.2% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
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.
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Frequently Asked Questions about Lipscomb
What is the population of Lipscomb, AL?
The population of Lipscomb, AL is 2,407 according to the latest Census data.
What is the median household income in Lipscomb?
The median household income in Lipscomb, AL is $45,792 per year.
What is the median home value in Lipscomb?
The median home value in Lipscomb, AL is $93,900.
What is the average rent in Lipscomb?
The median monthly rent in Lipscomb, AL is $841.
What is the unemployment rate in Lipscomb?
The unemployment rate in Lipscomb, AL is 5.8%.