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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Munford, AL

Stable overall. GDP / Output is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score60out of 100
Compare
100
8
68
69
100

Population

1,508

Data freshness

Unknown

GDP / Output

+12.7% YoY

100

$4.5B

Output changed +12.7% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

8

7.9%

Unemployment is 7.9% for Latest available.

Vintage date unknown

State avg3.2%
U.S. avg5.2%

Population

+2.9% 5-year

68

1,508

Population moved +2.9% over the latest ACS window.

Vintage date unknown

State population5,086,768
U.S. population334,922,499

Housing

Rent share of income

69

22.1%

Median rent consumes 22.1% 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

$8.4K per resident

100

$693.7M

$693.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$71.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$693.7M

$8.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$490.0M
2. Department of Defense$74.5M
3. Department of Veterans Affairs$62.5M

Top recipients

Dollars
1. ATAP INC$49.5M
2. ALABAMA DEPARTMENT OF TRANSPORTATION$19.0M
3. TALLADEGA COLLEGE$11.5M

Affordable

Housing Affordability

22.1%

of median income

1BR estimate$638
2BR estimate$840
Median income$42,284
Median home value$78,200

ACS context

Quick Facts

Population

1,508

Median age

46.7

Bachelor's degree+

11.2%

Poverty rate

19.8%

Labor force participation

53.4%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

+0.6%

GDP CAGR

+7.3%

Federal flow

5 years

Population (5 years)
20201,465
20211,582
20221,743
20231,694
20241,508
GDP (5 years)
2020$3.2B
2021$3.3B
2022$3.7B
2023$4.0B
2024$4.5B

2-year linear forecast

Predictive Outlook

Population forecast

20241,508
20251,658 *
20261,678 *

R² = 7.0% · * projected

GDP forecast

2024$4.5B
2025$4.7B *
2026$5.1B *

R² = 97.2% · * 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$42,284/yr
Median rent$778/mo
Rent share of income22.1%
Est. mortgage (30yr, 6.5%)$4,745/yr
Mortgage share of income11.2%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate7.9%
State avg3.2%
U.S. avg5.2%
Labor force participation53.4%
Poverty rate19.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$78,200
Median monthly rent$778
Price-to-rent ratio8.4x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score61/100
Economic growth100/100
Labor market8/100
Population momentum68/100
Overall stability60/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Munford town, Alabama

City/Town

Part of

Talladega-Sylacauga, AL

Nearby locations

Oxford, ALHobson City, ALWest End-Cobb Town, ALTalladega, ALLincoln, AL