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EconPulse

Local economy signal dashboard

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PLACEStable

Nectar, AL

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

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Overall score57out of 100
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100
44
0
61
84

Population

460

Data freshness

Unknown

GDP / Output

+10.4% YoY

100

$1.5B

Output changed +10.4% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

44

5.5%

Unemployment is 5.5% for Latest available.

Vintage date unknown

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

Population

-23.1% 5-year

0

460

Population moved -23.1% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

61

27.6%

Median rent consumes 27.6% 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

$6.1K per resident

84

$362.9M

$362.9M 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

$362.9M

$6.1K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$313.1M
2. Department of Veterans Affairs$27.3M
3. Department of Transportation$8.1M

Top recipients

Dollars
1. ALABAMA DEPARTMENT OF TRANSPORTATION$7.3M
2. REDACTED DUE TO PII$2.0M
3. LOUIS ALLIS LLC$1.9M

Affordable

Housing Affordability

27.6%

of median income

1BR estimate$981
2BR estimate$1,292
Median income$51,979
Median home value$168,300

ACS context

Quick Facts

Population

460

Median age

33.1

Bachelor's degree+

4.9%

Poverty rate

12.4%

Labor force participation

59.2%

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

-5.1%

GDP CAGR

+9.5%

Federal flow

5 years

Population (5 years)
2020598
2021454
2022476
2023474
2024460
GDP (5 years)
2020$974.1M
2021$1.2B
2022$1.3B
2023$1.4B
2024$1.5B

2-year linear forecast

Predictive Outlook

Population forecast

2024460
2025416 *
2026390 *

R² = 45.9% · * projected

GDP forecast

2024$1.5B
2025$1.7B *
2026$1.8B *

R² = 99.1% · * 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$51,979/yr
Median rent$1,196/mo
Rent share of income27.6%
Est. mortgage (30yr, 6.5%)$10,212/yr
Mortgage share of income19.6%

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

employment snapshot

Job Market

Unemployment rate5.5%
State avg3.2%
U.S. avg5.2%
Labor force participation59.2%
Poverty rate12.4%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$168,300
Median monthly rent$1,196
Price-to-rent ratio11.7x

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

composite score

Investment Climate

Investment climateModerate
Composite score55/100
Economic growth100/100
Labor market44/100
Population momentum0/100
Overall stability57/100

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

Location Context

Nectar town, Alabama

City/Town

Part of

Birmingham, AL

Nearby locations

Cleveland, ALRosa, ALBlountsville, ALLocust Fork, ALGarden City, AL