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
3
8.2%
Unemployment is 8.2% for Latest available.
Vintage date unknown
State avg3.2%
U.S. avg5.2%
Population
-7.0% 5-year
8
493
Population moved -7.0% over the latest ACS window.
Vintage date unknown
State population5,086,768
U.S. population334,922,499
Housing
Rent share of income
66
24.4%
Median rent consumes 24.4% 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$71.6B
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$500.3M
Top recipients
Dollars1. UNIVERSITY OF ALABAMA AT BIRMINGHAM$308.2M
2. ALABAMA DEPARTMENT OF TRANSPORTATION$170.7M
3. BRASFIELD & GORRIE LLC$158.9M
Affordable
Housing Affordability
24.4%
of median income
1BR estimate$390
2BR estimate$513
Median income$23,333
Median home value$116,500
ACS context
Quick Facts
Population
493
Median age
38.8
Bachelor's degree+
10.4%
Poverty rate
41.2%
Labor force participation
41.3%
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
-1.4%
GDP CAGR
+6.2%
Federal flow
5 years
Population (5 years)
2020530
2021446
2022511
2023560
2024493
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
2024493
2025520 *
2026524 *
R² = 2.2% · * 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$23,333/yr
Median rent$475/mo
Rent share of income24.4%
Est. mortgage (30yr, 6.5%)$7,069/yr
Mortgage share of income30.3%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate8.2%
State avg3.2%
U.S. avg5.2%
Labor force participation41.3%
Poverty rate41.2%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$116,500
Median monthly rent$475
Price-to-rent ratio20.4x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateWeak
Composite score34/100
Economic growth69/100
Labor market3/100
Population momentum8/100
Overall stability42/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.