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
8.6%
Unemployment is 8.6% for Latest available.
Vintage date unknown
State avg4.7%
U.S. avg4.3%
Population
+6.3% 5-year
88
16,414
Population moved +6.3% over the latest ACS window.
Vintage date unknown
State population5,086,768
U.S. population334,922,499
Housing
Rent share of income
65
24.9%
Median rent consumes 24.9% 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
24.9%
of median income
1BR estimate$1,069
2BR estimate$1,408
Median income$62,784
Median home value$155,300
ACS context
Quick Facts
Population
16,414
Median age
38.2
Bachelor's degree+
21.0%
Poverty rate
16.2%
Labor force participation
59.7%
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
+1.2%
GDP CAGR
+6.2%
Federal flow
5 years
Population (5 years)
202015,446
202116,694
202216,655
202316,541
202416,414
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
202416,414
202516,885 *
202617,063 *
R² = 29.7% · * 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$62,784/yr
Median rent$1,304/mo
Rent share of income24.9%
Est. mortgage (30yr, 6.5%)$9,423/yr
Mortgage share of income15.0%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate8.6%
State avg4.7%
U.S. avg4.3%
Labor force participation59.7%
Poverty rate16.2%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$155,300
Median monthly rent$1,304
Price-to-rent ratio9.9x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score52/100
Economic growth69/100
Labor market0/100
Population momentum88/100
Overall stability53/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.