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Home » United States » How is Huntsville economy?

How is Huntsville economy?

December 14, 2021 by Bo Lang

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.

Contents

Is Huntsville poor?

The poverty rate in Huntsville is 18.3%. One out of every 5.5 residents of Huntsville lives in poverty. How many people in Huntsville, Alabama live in poverty? 33,458 of 182,630 Huntsville residents reported income levels below the poverty line in the last year.

Is Huntsville a good place to live?

Huntsville ranked third in the 25 best places to live in the U.S. for 2021-2022. The U.S. News and World Report said the 25 cities selected offer the best combination of jobs, desirability, cost of living and quality of life. The city of Huntsville jumped up 12 spots as it was ranked number 15 in 2020.

Is Huntsville a growing city?

Huntsville – now Alabama’s most populous city – has been growing fast over the last decade.

What is the unemployment rate in Huntsville AL?

Huntsville, AL

Data Series May 2021 Sept 2021
Unemployment Rate(2) 2.2 (p)2.3
Nonfarm Wage and Salary Employment
Total Nonfarm(3) 247.9 250.2
12-month % change 7.9 3.9

What is the racial makeup of Huntsville Alabama?

The 5 largest ethnic groups in Huntsville, AL are White (Non-Hispanic) (57.7%), Black or African American (Non-Hispanic) (30.4%), White (Hispanic) (3.66%), Asian (Non-Hispanic) (2.59%), and Two+ (Non-Hispanic) (2.46%).

What percentage of Huntsville is black?

Huntsville Demographics
White: 61.34% Black or African American: 30.74% Two or more races: 2.80%

See also  What is it like living in Huntsville Alabama?

What is a good salary in Huntsville AL?

Average Salary in Huntsville, AL

Annual Salary Weekly Pay
Top Earners $83,837 $1,612
75th Percentile $68,933 $1,325
Average $59,273 $1,139
25th Percentile $46,110 $886

Is Huntsville or Birmingham better?

Huntsville has overtaken Birmingham as Alabama’s largest city. Aug. 13, 2021, at 4:04 p.m.

How expensive is Huntsville Alabama?

Huntsville cost of living is 86.0

COST OF LIVING Huntsville Alabama
Housing 66.3 55.9
Median Home Cost $223,500 $165,200
Utilities 96.2 101.2
Transportation 80.6 85.9

Why is Huntsville growing so fast?

Huntsville’s population grew over 2% from 2019 to 2020, one of the highest growth rates in the country, fueled by companies adding new jobs and opportunities to the local community.

What is the fastest growing town in Alabama?

Huntsville added 34,901 people to reach 215,006 residents by April 1, 2020. That is a growth rate of 19.38 percent. Auburn used to be a sleepy college town, except on game days. Now it is one of the fastest-growing cities in the state.

What’s the fastest growing city in Alabama?

The largest city in Alabama is Birmingham, with a population of 207,235. Triana is the fastest growing city in Alabamaover the past 10 years, having grown 213.87% since 2010.

Does Huntsville Alabama have a city income tax?

Tax Rates for Huntsville
– The Sales Tax Rate for Huntsville is 8.3%. The US average is 7.3%. – The Income Tax Rate for Huntsville is 5.0%.

Is Huntsville Alabama Safe?

With a crime rate of 52 per one thousand residents, Huntsville has one of the highest crime rates in America compared to all communities of all sizes – from the smallest towns to the very largest cities. One’s chance of becoming a victim of either violent or property crime here is one in 19.

See also  Is Huntsville worth visiting?

What is the current unemployment rate in Madison County Alabama?

Alabama is a right-to-work state. Madison’s labor force draws on a highly-educated population with over 97% of adults holding at least a high school diploma, roughly 59% with a Bachelor’s Degree.
Regional Workforce.

Area Madison County
Labor Force 190,264
Employment 181,101
Unemployment 4,163
Unemployment Rate 2.2%

Is Madison Alabama in Tornado Alley?

The city has experienced 188 tornadoes since 1950. Madison is at very high risk for tornado activity, with an average of 3 tornadoes per year, typically resulting in 5 fatalities.

Why should I move to Huntsville AL?

Most affordable city to live
While low home prices, taxes and cost of living are great reasons to move here, Huntsville also host a variety of high tech jobs with many technological companies making the average pay scale much higher than the rest of Alabama and surpassing much of the Southeastern region of the US.

Is Huntsville diverse?

With a diversity score of 87 out of 100, Huntsville is much more diverse than other US cities. The most diverse area within Huntsville’s proper boundaries is to the southwest of the city.

What percent of Huntsville AL is white?

61.3%
Table

Population
Persons 65 years and over, percent  16.1%
Female persons, percent  51.7%
Race and Hispanic Origin
White alone, percent  61.3%

What is Huntsville Alabama known for?

Huntsville, Alabama, also known as Rocket City, is the site of the U.S. Space and Rocket Center, NASA’s Marshall Space Flight Center, and the United States Army Aviation and Missile Command.

Filed Under: United States Tagged With: Alabama, Huntsville

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About Bo Lang

Bo Lang loves exploring the world. A self-proclaimed "adventurer," Bo has spent his life traveling to new and exciting places. He's climbed mountains, explored jungles, and sailed across the ocean. He's even eaten the beating heart of a king cobra!

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