Best Places for Business and Careers 2019

Huntsville, AL

Huntsville, AL
the place image

Huntsville, AL

Huntsville, AL
gross metro product
$27B
population
462.7K
median household income
$62,856
median home price
$218,000
cost of living
5% below nat'l avg
college attainment
38.8%
net migration
870 (year: 2018)
unemployment
3.1%
major industries
Aerospace & Defense, Technology
job growth
2.3% (year: 2018)
As of October 2019
Huntsville is nicknamed The Rocket City for its close history with U.S. space missions. The city remains the center of rocket-propulsion research in the U.S. with many aerospace and defense contractors' facilities located in the area. The city is home to the U.S. Army Aviation and Missile Command and NASA's Marshall Space Flight Center, which is located at the nearby Redstone Arsenal. Huntsville is also the location of Alabama A&M University, Oakwood University, University of Alabama in Huntsville and the J.F. Drake State
Technical College. Some of the larger events that take place in the city include the Big Spring Jam, an annual three-day music festival held in the Big Spring International Park in downtown Huntsville and the Panoply Arts Festival. The city is also home to the U.S. Space & Rocket Center, which exhibits the only Saturn V rocket designated as a National Historical Landmark.
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On forbes lists
#93
Best Places for Business and Careers 2019
#142
In Cost of Doing Business
#80
In Job Growth
#35
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
2.3% (year: 2018)
Projected Annual Job Growth
1.5%
Unemployment
3.1%
Median Household Income
$62,856
Household Income Growth
2.5%
High-Tech Employment
5.5%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
Explore Trends
2018
2018
Key Connections
People
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Moss Crosby
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Shari Burnum
Companies
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COLSA
Graphic of Redstone Federal Credit Union (RFCU)
Redstone Federal Credit Union (RFCU)
Top Colleges
Graphic of University of Alabama in Huntsville
University of Alabama in Huntsville

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