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The total population of Lipscomb is estimated to be 2,390 with 1,211 males (50.67%) and 1,179 females (49.33%). There are 32 less females than males in Lipscomb.
The median household income in Lipscomb was $44,491 in 2021, which marked an an increase of 4,359(10.86%) from $40,132 in 2020. This income is 59.63% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lipscomb sees its highest median household income among householders in the age group of 45 to 64 years old, at $46,334. Overall, the median household income for the city of Lipscomb stands at $44,491.
In Lipscomb, the median income for all workers aged 15 years and older, regardless of work hours, was $23,992 for males and $22,488 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,677 for males and $33,585 for females.
In Lipscomb, there are just three different racial groups among households. Among these, Some Other Race households report a median household income of $93,229, followed by White households at $69,922, and Black or African American households with a median household income of $37,352.
In 2022, the population of Lipscomb was 2,027, a 1.27% decrease year-by-year from 2021. Previously, in 2021, Lipscomb's population was 2,053, a decline of 1.30% compared to a population of 2,080 in 2020.
The median age in Lipscomb, AL is 35.8, as per 2021 ACS 5-Year Estimates. Of the total population, 22.20% were under the age of 15, 23.19% aged 15 to 29, 43.26% aged 30 to 64, 10.27% aged 65 to 84, and 1.09% were 85 years of age and older.
Racial distribution of Lipscomb population: 12.73% are White, 69.14% are Black or African American, 2.93% are American Indian and Alaska Native, 12.54% are some other race and 2.65% are multiracial.