GDP / Output
+4.3% YoY
69
$65.5B
Output changed +4.3% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
0
8.1%
Unemployment is 8.1% for Latest available.
Vintage date unknown
State avg4.7%
U.S. avg4.3%
Population
-0.4% 5-year
48
15,914
Population moved -0.4% over the latest ACS window.
Vintage date unknown
State population5,086,768
U.S. population334,922,499
Housing
Rent share of income
64
25.9%
Median rent consumes 25.9% of median household income: Affordable.
Vintage date unknown
State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$11.9K per resident
100
$8.1B
$8.1B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$71.5B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$8.1B
$11.9K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$3.3B
2. Department of Health and Human Services$3.1B
3. Department of Veterans Affairs$499.7M
Top recipients
Dollars1. UNIVERSITY OF ALABAMA AT BIRMINGHAM$306.7M
2. ALABAMA DEPARTMENT OF TRANSPORTATION$170.7M
3. BRASFIELD & GORRIE LLC$158.9M
Affordable
Housing Affordability
25.9%
of median income
1BR estimate$999
2BR estimate$1,315
Median income$56,417
Median home value$151,700
ACS context
Quick Facts
Population
15,914
Median age
37.1
Bachelor's degree+
17.0%
Poverty rate
14.3%
Labor force participation
64.0%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-10
HUD Fair Market Rent
Latest available
Data notes
- HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
5-year compound growth
Historical Trends
Population CAGR
-0.1%
GDP CAGR
+6.2%
Federal flow
5 years
Population (5 years)
202015,971
202116,422
202216,279
202316,125
202415,914
GDP (5 years)
2020$48.6B
2021$53.5B
2022$58.7B
2023$62.9B
2024$65.5B
2-year linear forecast
Predictive Outlook
Population forecast
202415,914
202516,019 *
202615,978 *
R² = 9.5% · * projected
GDP forecast
2024$65.5B
2025$70.8B *
2026$75.1B *
R² = 98.7% · * projected
Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.
housing affordability breakdown
Cost of Living
Median household income$56,417/yr
Median rent$1,218/mo
Rent share of income25.9%
Est. mortgage (30yr, 6.5%)$9,205/yr
Mortgage share of income16.3%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate8.1%
State avg4.7%
U.S. avg4.3%
Labor force participation64.0%
Poverty rate14.3%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$151,700
Median monthly rent$1,218
Price-to-rent ratio10.4x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score42/100
Economic growth69/100
Labor market0/100
Population momentum48/100
Overall stability47/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.