1st Advantage MortgageThe median Pike County household earns $48,677, and 23% of residents live below the poverty line. Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Alabama before sharing details.
On this page
- Pike County at a glance
- Household income in Pike County
- Rent, home values and ownership in Pike County
- Jobs and commutes in Pike County
- Places inside Pike County
- The counties around Pike County
- Pike County residents: age, schooling, coverage
- Before borrowing in Pike County
- What a median Pike County budget can carry
- Lender oversight for Pike County
- Before you sign
- More guides for Pike County
- Frequently asked questions
Pike County at a glance
Roughly 32,987 residents live in Pike County, Alabama, 36th by population among the state's 67 counties and county equivalents. Land area is 672 square miles (2024 Gazetteer), so density runs near 49 per square mile. No metropolitan area includes Pike County in the 2023 federal delineation, so its numbers stand on their own rather than as part of a metro. Troy is the biggest of its 4 Census places, at roughly 17,716 people (54% of the county total).
Household income in Pike County
At $48,677, the typical Pike County household income is 26% below the median U.S. county ($65,681). In the state ranking that is 49th of 67.
| Income band | Share in Pike County | Difference from Alabama |
|---|---|---|
| Under $35,000 | 35.0% | +6.8 pts |
| $35,000 to $99,999 | 42.0% | +0.9 pts |
| $100,000 to $199,999 | 19.2% | -3.7 pts |
| $200,000 or more | 3.7% | -4.0 pts |
Some 35% of households here live on less than $35,000 a year; 23% have six-figure incomes. Census counts 23.3% of Pike County residents in poverty, against 15.6% across Alabama. Income inequality, measured by the Gini index, comes to 0.494 here. Income from any regular source can count, including Social Security, pensions and disability benefits, as long as you can document it.
Rent, home values and ownership in Pike County
Median gross rent, utilities included, comes to $856 in Pike County versus $1,007 statewide. Rent takes 30% or more of income for 55% of renter households here. Home values center on $157,600, or 3.2 years of median income. 61% of Pike County households own their home and 39% rent. The median year built is 1986.
| Pike County | Alabama | U.S. county median | |
|---|---|---|---|
| Median gross rent | $856/mo | $1,007/mo | $877/mo |
| Median home value | $157,600 | $209,900 | $185,300 |
| Owners | 61% | 70% | 75% |
| Rent-burdened renters | 55% | 49% | 45% |
| Burdened owners | 27% | 24% | n/a |
| Vacant units | 23% | 15% | n/a |
Rent pressure is real here, so run any payment through the debt-to-income calculator before you apply.
Jobs and commutes in Pike County
Education and health care employs 23% of working residents, the largest share; manufacturing is next with 17%. Manufacturing stands out: 17% of workers here, versus 14% statewide. Averaged over the five survey years, 3.7% of the labor force was out of work and looking. Long commutes are the exception here: 13% of workers spend 45 minutes or longer getting to work.
| Industry (employed residents 16+) | Pike County | Gap to Alabama |
|---|---|---|
| Education and health care | 22.6% | -0.1 pts |
| Manufacturing | 17.3% | +3.2 pts |
| Retail trade | 14.0% | +2.4 pts |
| Transportation, warehousing and utilities | 8.6% | +2.7 pts |
| Arts, lodging and food service | 8.4% | +0.3 pts |
| Professional and administrative services | 7.4% | -2.6 pts |
If your hours swing with the season or with overtime, size a loan payment against your base pay, not your best month.
Places inside Pike County
Here are the 4 most populous of the county's 4 Census places, with income and rent from the same 2020 to 2024 survey. About 63% of Pike County residents live in one of the 4. This guide covers each of the 4 places and the rural areas around them.
| Place in county | Status | Population (ACS) | Median HH income | Monthly rent | Distance from center |
|---|---|---|---|---|---|
| Troy | city | 17,716 | $50,717 | $922 | 2 mi |
| Brundidge | city | 2,392 | $38,188 | $542 | 9 mi |
| Goshen | town | 355 | $56,750 | $894 | 12 mi |
| Banks | town | 320 | $50,000 | $1,080 | 6 mi |
The counties around Pike County
Distances run center to center, from Crenshaw County at 23 miles out to Dale County at 32. Coffee County leads the group on income ($68,353), Bullock County trails ($31,310), and Pike County out-earns 3 of the six.
| Nearby county | Center to center | Household income | Gross rent | Owner-occupied |
|---|---|---|---|---|
| Pike County | - | $48,677 | $856/mo | 61% |
| Crenshaw County, AL | 23 mi | $48,560 | $661/mo | 73% |
| Bullock County, AL | 25 mi | $31,310 | $556/mo | 67% |
| Coffee County, AL | 28 mi | $68,353 | $1,018/mo | 72% |
| Barbour County, AL | 32 mi | $46,042 | $688/mo | 68% |
| Montgomery County, AL | 32 mi | $59,386 | $1,092/mo | 58% |
| Dale County, AL | 32 mi | $54,963 | $889/mo | 62% |
Pike County residents: age, schooling, coverage
28% of Pike County adults 25 and older hold a bachelor's degree or more. About 8% go without health insurance.
| Pike County | Alabama | U.S. county median | |
|---|---|---|---|
| Median age | 31.6 | 39.3 | 41.5 |
| Bachelor's or higher | 28.0% | 28.4% | 22.2% |
| No high school diploma | 13.4% | 11.4% | n/a |
| No health insurance | 8.4% | 9.2% | 7.8% |
| No vehicle | 5.7% | 5.4% | 5.4% |
| Work from home | 5.3% | 8.8% | 8.7% |
| Poverty rate | 23.3% | 15.6% | 13.2% |
| Unemployment (ACS) | 3.7% | 4.7% | 4.4% |
| Minutes to work | Pike County workers |
|---|---|
| Under 15 min | 44.1% |
| 15 to 29 min | 34.3% |
| 30 to 44 min | 8.4% |
| 45 to 59 min | 6.0% |
| 60+ min | 7.1% |
Before borrowing in Pike County
A few patterns in the Pike County data, and the practical point behind each:
- Repairs on manufactured housing. With 22% of homes here, compare a personal loan with any dealer or park repair program.
- Lower-cost alternatives. In a county with 23% in poverty, nonprofit credit counseling may beat a loan (options).
- Tight rental budgets. With 55% of Pike County renters cost-burdened, test a new payment against a lean month.
What a median Pike County budget can carry
The debt-to-income ratio is the main affordability test lenders use. Applied to Pike County's medians:
- $48,677 a year is $4,056 of gross monthly income
- Less median rent of $856, which is 21% of it
- At 43%, room after rent is $888 a month
If your rent is above $856, the room shrinks dollar for dollar.
Lender oversight for Pike County
Licensing happens at the state level, so a lender working with Pike County borrowers answers to the Alabama State Banking Department. Problems with a lender can also go to the CFPB. Statewide data and rules: Alabama guide.
Before you sign
Before you apply, wherever you live in Pike County:
- Size the loan to the bill, not to the most a lender offers.
- Line up offers side by side: APR, fees in dollars, total cost.
- Look the lender up with the state regulator first.
- Read the final agreement; it must match the offer.
More guides for Pike County
The Alabama guide covers the whole state.
Frequently asked questions
How much do households in Pike County earn?
The median is $48,677; 23% earn $100,000 or more and 35% under $35,000. A lender uses your own documented income, not this figure.
How does Pike County rent compare with Alabama?
$856 locally versus $1,007 for the state, 15% below.
What are the biggest places in Pike County?
By population: Troy, Brundidge, Goshen, Banks. The county has 4 Census places in all.
Does my county matter to the questionnaire?
Only your state does. Whether you live in Pike County or elsewhere in Alabama, the same rules apply.
Is there a Pike County office that licenses lenders?
No, licensing is statewide. In Alabama it is the Alabama State Banking Department.