Cost of Living in Alabama

According to 2021 data from the Bureau of Economic Analysis, the annual average cost of living in Alabama is $39,657.

• • • Housing and Utilities: $6,683
    • Healthcare: $6,545
    • Food and Beverage (non-restaurant): $3,261
    • Gas and Energy: $1,215
    • All Other Personal Expenses: $21,954

Average Base Salaries in Alabama

The average salary in Alabama is $50,620. Below are average salaries for medical professionals based on data from Indeed in 2024.

• • • Physicians: $190,055
    • Dentists: $241,081
    • Veterinarians: $130,332
    • Nurses: $70,453
    • Surgeons: $287,517
    • Cardiologists: $381,520
    • Psychiatrists: $357,158
    • Pediatricians: $212,635
    • Oncologists: $235,905
    • Urologists: $502,469
    • Gastroenterologists: $478,617
    • OB/GYN Physicians: $308,937
    • Emergency Medicine Physicians: $212,177

Disability Prevalence & Impact in Alabama

• • • Overall Rate: In 2020, approximately 16.9% of Alabama residents reported having a disability, which is higher than the national average of 13.4%.
    • Employment Rate: In 2020, 31% of individuals with disabilities aged 18-64 in Alabama were employed, compared to 72.6% of those without disabilities, resulting in a gap of about 42 percentage points.
    • Income Disparity: The annual median earnings for full-time, full-year workers aged 18-64 with a disability in Alabama was $36,082 in 2020, while their peers without a disability earned $43,986, indicating a gap of $7,904.
    • Poverty Rate: In 2020, 29.4% of individuals with disabilities aged 18-64 in Alabama lived in poverty, compared to 14% of their peers without disabilities, resulting in a gap of 15.4 percentage points.

The Best Disability Insurance Companies for Alabama Physicians

Doctors have unique job responsibilities, so seek insurers that offer specialized “own-occupation” disability insurance designed for medical professionals. Disability insurance provides income protection in case you become unable to perform your duties due to illness or injury. This coverage ensures financial stability for you, allowing you to focus on recovery without worrying about income loss.

When selecting a disability insurance provider, it’s essential to choose a reputable company with a strong financial standing, comprehensive coverage options, and a commitment to excellent customer service. The five companies highlighted offer the best policies to obtain “own-occupation” disability coverage.

• • • Guardian
    • Ameritas
    • The Standard
    • Principal
    • MassMutual