Huntsville, AL Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Huntsville, AL is a rapidly growing city with many unique opportunities for its residents. It is home to some of the world's leading technology companies such as Boeing, Google, and Facebook. The cost of living in Huntsville is very competitive compared to other cities and the US as a whole. For instance, the average rent for a two bedroom apartment is $1,110 in Huntsville versus $1,430 nationwide. Likewise, grocery prices in Huntsville are nearly 4% lower than the national average. These low costs make Huntsville an attractive place to live and work with many modern amenities available at an affordable price.

Huntsville has an unemployment rate of 3.1%. The US average is 6.0%.

Huntsville has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.

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%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Huntsville
- The average income of a Huntsville resident is $38,838 a year. The US average is $37,638 a year.
- The Median household income of a Huntsville resident is $60,959 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHuntsville, AlabamaUnited States
  3.16
  -0.9%-6.2%
  40.9%33.5%
  9.0%6.2%
  5.0%4.6%
  $38,838$37,638
  $60,959$69,021
  $84,059$85,028
  Population by Occupation
  0.3%1.2%
  0.2%0.5%
  4.7%6.8%
  11.5%10.0%
  1.4%2.5%
  11.4%11.0%
  2.8%4.8%
  0.6%0.8%
  1.8%1.9%
  2.6%4.7%
  1.1%1.9%
  14.2%7.6%
  0.1%0.1%
  4.2%4.2%
  8.7%9.3%
  13.5%14.0%
  1.5%2.1%
  7.6%7.0%
  3.7%4.8%
  8.1%4.7%
Reviews for Huntsville
    See all ()

Low cost of living, and all the amenities you need within a short distance. However, the city really hasn't gone through gentrification. There isn't a "nice" part of  More

   |    Reply

Over 3 years ago

Everyone is always like “Huntsville is so up and coming”, which it is, but it’s forcing people out of their homes. They’ve created more jobs and places to live but not  More

   |    Reply

Over 3 years ago

Everyone is always like “Huntsville is so up and coming”, which it is, but it’s forcing people out of their homes. They’ve created more jobs and places to live but not  More

   |    Reply

Start Your Review of Huntsville

Health
Compare Huntsville, AL
cost of living
Compare food, housing, utilities, and more in Huntsville, Alabama to any other city in the US.