The City of Hoover was incorporated in 1967, named for William H. Hoover (1890–1979), a local insurance company owner. On September 8, 1980, the city annexed the Riverchase business and residential community, gaining large office buildings, employers, and workers to increase the city's tax base.
Is Hoover Al wealthy?
Hoover scored high marks for its median home values ($262,500), low poverty rate (6.8 percent) and a median household income ($75,020) that is nearly $27,000 higher than its nearest competitor among large Alabama cities.Dec 1.