Huntsville, AL
| Data Series | Nov 2021 | Dec 2021 |
|---|---|---|
| Unemployment Rate(3) | (2)2.1 | (2)2.0 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(4) | 254.7 | 254.5 |
| 12-month % change | 2.6 | 2.2 |
How is the job market in Huntsville AL?
Huntsville’s strong job market
Alabama, in general, has a strong job market, with 2.7% unemployment — well below the national average and a record low for the state. Impressively, Huntsville is doing even better, with just 2.1% unemployment thanks to the influx of well-paying jobs.
What is the current unemployment rate for Madison County Alabama?
2.5%
Madison County has an unemployment rate of 2.5%.
Is Huntsville Alabama booming?
Overall, Huntsville added nearly 35,000 people between 2010 and 2020, according to official 2020 Census data. It’s now home to more than 215,000 residents.
What is the economy like in Huntsville?
Huntsville’s 2.2% unemployment rate, strong employment growth and steady home sales and building permits landed the community at the top of list. The study showed that communities with strong employment growth and home sales are driving economic recovery.
Is Huntsville AL still growing?
Published: Mar. 01, 2022, 7:30 a.m. Madison County – home to Huntsville, now Alabama’s most populous city – continues to pave cotton fields and deer runs, as new homes and subdivisions proliferate across the county, driven by sudden population growth over the last decade. And much of that growth is due to new arrivals.
What is the major industry in Huntsville Alabama?
Huntsville/Madison County is home to a diverse economy with several key industry sectors. The area’s strengths include technology development, integration and value-added manufacturing. Primary industry sectors are: aerospace/defense, information technology, advanced manufacturing and bioscience.
How many jobs are in Huntsville Alabama?
There were 255,000 jobs in Huntsville, Alabama in February 2022 according to the CES survey of employers. The CPS survey of households showed 232,975 employed persons for the month.
What is the current unemployment rate in the United States right now?
3.6 percent
Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
Is Huntsville a buyers or sellers market?
Huntsville, AL is a buyer’s market in April 2022, which means that the supply of homes is greater than the demand for homes.
How is the housing market in Huntsville AL?
Home values in Huntsville increased by 22.2% over the past year. The median listing price of a house in Huntsville is $285,000, according to Realtor.com (as of October 2021). Square foot listing price of a home in Huntsville is $137.
Is Huntsville a growing city?
Huntsville is currently growing at a rate of 1.19% annually and its population has increased by 14.91% since the most recent census, which recorded a population of 180,941 in 2010.
What is the cost of living in Huntsville Alabama?
Huntsville cost of living is 86.0
| COST OF LIVING | Huntsville | Alabama |
|---|---|---|
| Grocery | 96 | 94.4 |
| Health | 105.1 | 102.2 |
| Housing | 66.3 | 55.9 |
| Median Home Cost | $223,500 | $165,200 |
What is the average household income in Huntsville AL?
In 2019, Huntsville, AL had a population of 196k people with a median age of 36.9 and a median household income of $55,305. Between 2018 and 2019 the population of Huntsville, AL grew from 193,663 to 196,219, a 1.32% increase and its median household income grew from $53,840 to $55,305, a 2.72% increase.
How many engineers live in Huntsville AL?
20,000
HUNTSVILLE, Alabama — Huntsville’s nickname could easily be changed from the Rocket City to the City of Engineers, with nearly 20,000 of its residents holding engineering degrees.
What is a good salary in Huntsville Alabama?
A good salary in Huntsville, AL is anything over $51,000. That’s because the median income in Huntsville is $51,000, which means if you earn more than that you’re earning more than 50% of the people living in Huntsville. The average salary in Huntsville is $61,001. A good hourly wage in Huntsville is $24.52 per hour.
What is the fastest growing city in Al?
#1. Huntsville
- 2010 to 2020 population change: +39,590.
- #75 among all cities nationwide.
- 2010 to 2020 percent population change: 22.6%
- #99 among cities in Alabama, #5,054 among all cities nationwide.
- 2020 population: 215,006.
- #1 largest city in Alabama, #108 largest city nationwide.
What is it like to live in Huntsville Alabama?
Living in Huntsville offers residents a dense suburban feel and most residents own their homes. In Huntsville there are a lot of coffee shops and parks. Many families and young professionals live in Huntsville and residents tend to have moderate political views. The public schools in Huntsville are highly rated.
Who is the largest employer in Huntsville AL?
Qualitest Pharmaceuticals
Best Companies In Huntsville, AL
| Rank | Company | Zippia Score |
|---|---|---|
| 1 | Qualitest Pharmaceuticals | 4.0 |
| 2 | Huntsville Hospital | 4.7 |
| 3 | Sequel Youth and Family Services | 3.7 |
| 4 | Huntsville City Schools | 4.2 |
Why are so many people moving to Huntsville Alabama?
Claire Aiello with the Huntsville Madison County Chamber said the reason behind people moving to the Rocket City is simple. “This is a market that’s very resilient to the pandemic,” she said. “A lot of people who are able to work from home here. Many of our companies have positions where you can telework.”
Who is the largest employer in Alabama?
Largest Employers
| Rank | Business name | Local employees |
|---|---|---|
| 1 | University of Alabama at Birmingham | 21,000 |
| 2 | Regions Financial Corp. | 5,967 |
| 3 | Honda Manufacturing of Alabama | 4,500 |
| View This List |
