Boaz is a city in Alabama state in USA with a population of 9587 residents.. The poverty rate of Boaz is 22.6%, which is 61% higher than national average. The typical household in Boaz earns $41556 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 61.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Boaz, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Boaz remained 1.7%, which is 64% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Boaz, only 16% of adults have a bachelor's degree and 37% have some college but no degree.

Cost of living in Boaz is 82, which is 18% lower than national average. Median home value in Boaz is $108000 , which is 53% lower than national average. While median income in Boaz remained $41556, which is 38% lower than national average.