Lanett is a city in Alabama state in USA with a population of 6220 residents.. The poverty rate of Lanett is 22.6%, which is 61% higher than national average. The typical household in Lanett earns $34785 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 10 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 60.2% 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 Lanett, only 74% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lanett remained 4.2%, which is 11% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lanett, only 14% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Lanett is 81, which is 19% lower than national average. Median home value in Lanett is $88700 , which is 61% lower than national average. While median income in Lanett remained $34785, which is 48% lower than national average.