Economy, jobs and prices in Alabama, United States: official figures
The economy of Alabama (gross domestic product) was worth $339.0 billion in 2025 at current prices, 1.1% of the US total of $30.86 trillion; 25th smallest of 51. In current dollars it was up 4.8% on 2024.
How fast is the economy of Alabama growing?
After adjusting for inflation, real GDP in Alabama grew 2.0% in 2025, against 2.3% for the United States; 25th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Alabama?
Dividing 2025 GDP by the Census Bureau's population estimate gives $65,286 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 4th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Alabama growing or shrinking?
In the second quarter of 2026, real GDP in Alabama grew at an annual rate of 2.6% (United States: 2.2%); 13th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Alabama?
In 2025 the largest private industry in Alabama's economy was manufacturing (14.6% of GDP), followed by real estate, rental and leasing (12.2%) and health care and social assistance (7.0%). Government accounted for 15.5%; the manufacturing share was 9th highest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Alabama spend?
Consumer spending (personal consumption expenditures) in Alabama came to $48,725 per person in 2025 (United States: $61,062); 4th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Alabama expensive to live in?
Prices in Alabama were 11.2% below the national average in 2024, by BEA's regional price parity of 88.8 (US = 100), which covers goods, services and housing; 7th least expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Alabama?
Prices in Alabama rose 2.3% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Alabama?
Personal income per person in Alabama was $59,754 in 2025, against $77,028 for the United States; 3rd lowest of 51. It was up 4.5% on 2024 and up 30.3% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Alabama?
After taxes, disposable personal income per person was $53,729 in 2025 (United States: $67,251); 3rd lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Alabama?
Adjusted for local price levels, real personal income per person in Alabama was $52,216 in 2024 in 2017 dollars (United States: $59,195); 4th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Alabama?
Median household income in Alabama was $66,659 in 2024 (margin of error ±$780), against $81,604 for the United States; 7th lowest of 51 by the point estimate. It was up 4.1% on 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Alabama?
The Gini index of household income inequality in Alabama was 0.475 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 12th most unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Alabama?
The unemployment rate in Alabama was 3.5% in September 2026 (seasonally adjusted, preliminary), up from 2.8% a year earlier; tied for 18th lowest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Alabama?
In September 2026, 82,075 people in Alabama were unemployed and 2,279,937 employed, out of a labor force of 2,362,012.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Alabama in 2025?
Over 2025 the unemployment rate in Alabama averaged 2.9% (an 11-month average: October 2025 was not collected during the federal shutdown), against 3.0% in 2024; 5th lowest of 51. The lowest annual rate since 1976 was 2.5% in 2022.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Alabama?
Workers covered by unemployment insurance in Alabama were paid $64,479 on average in 2025 ($1,240 a week), up 3.9% on 2024; the US average was $78,720. That is 16th lowest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Alabama?
Employers in Alabama had an average of 2,118,878 jobs on their payrolls in 2025 across 164,183 establishments, up 0.6% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Alabama?
The median annual wage across all occupations in Alabama was $45,670 in May 2025 (mean $57,500); 6th lowest of 51. One in ten workers earned less than $26,090 and one in ten more than $101,250.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Alabama?
The most common occupation in Alabama in May 2025 was retail salespersons, with 60,880 workers and a median annual wage of $30,040.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Alabama?
Median household income in Alabama was $66,704 in 2024, 7th lowest among the 50 states and DC (U.S.: $81,604). In 2019 it was $51,771, so it has risen 28.8% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Alabama?
The median gross rent in Alabama, including utilities, was $1,077 a month in 2024, up 9.7% on 2023 ($982); 12th lowest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Alabama?
Homeowners in Alabama valued their homes at a median of $233,300 in 2024, up 7.7% on 2023 ($216,600); 8th lowest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Alabama?
The median home value in Alabama was 3.5 times the median household income in 2024 ($233,300 against $66,704); 12th lowest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Alabama?
A household on the median income in Alabama would spend 19.4% of its income on the median rent of $1,077 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Alabama compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Alabama ranks 27 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 24 | South Carolina | $378.4 billion |
| 25 | Oregon | $343.2 billion |
| 26 | Louisiana | $342.3 billion |
| 27 | Alabama | $339.0 billion |
| 28 | Utah | $319.2 billion |
| 29 | Kentucky | $313.6 billion |
| 30 | Nevada | $281.4 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Alabama ranks 48 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 45 | South Carolina | $67,929 |
| 46 | Idaho | $67,695 |
| 47 | Oklahoma | $66,523 |
| 48 | Alabama | $65,286 |
| 49 | West Virginia | $63,020 |
| 50 | Arkansas | $62,922 |
| 51 | Mississippi | $55,117 |
Real GDP growth, 2025 (2025)
Alabama ranks 25 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 22 | New Jersey | 2.0% |
| 23 | Nevada | 2.0% |
| 24 | Montana | 2.0% |
| 25 | Alabama | 2.0% |
| 26 | Vermont | 1.9% |
| 27 | Colorado | 1.9% |
| 28 | Indiana | 1.9% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Alabama ranks 13 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 10 | Massachusetts | 2.7% |
| 11 | South Dakota | 2.7% |
| 12 | Vermont | 2.7% |
| 13 | Alabama | 2.6% |
| 14 | California | 2.5% |
| 15 | Pennsylvania | 2.5% |
| 16 | Arizona | 2.5% |
Personal income per person, 2025 (2025)
Alabama ranks 49 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 45 | South Carolina | $63,435 |
| 46 | New Mexico | $62,089 |
| 47 | Arkansas | $61,697 |
| 48 | Kentucky | $60,835 |
| 49 | Alabama | $59,754 |
| 50 | West Virginia | $58,217 |
| 51 | Mississippi | $54,433 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Alabama ranks 48 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 45 | South Carolina | $52,463 |
| 46 | Kentucky | $52,290 |
| 47 | Hawaii | $52,272 |
| 48 | Alabama | $52,216 |
| 49 | New Mexico | $51,121 |
| 50 | West Virginia | $50,051 |
| 51 | Mississippi | $48,465 |
Median household income, 2024 (ACS) (2024)
Alabama ranks 45 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 42 | Indiana | $71,959 |
| 43 | Missouri | $71,589 |
| 44 | New Mexico | $67,816 |
| 45 | Alabama | $66,659 |
| 46 | Oklahoma | $66,148 |
| 47 | Kentucky | $64,526 |
| 48 | Arkansas | $62,106 |
Regional price parity, 2024 (US = 100) (2024)
Alabama ranks 45 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 42 | Kansas | 90.1 |
| 43 | West Virginia | 89.5 |
| 44 | North Dakota | 89.0 |
| 45 | Alabama | 88.8 |
| 46 | South Dakota | 88.6 |
| 47 | Louisiana | 88.2 |
| 48 | Oklahoma | 87.8 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Alabama ranks 33 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 30 | Missouri | 3.6% |
| 31 | Idaho | 3.6% |
| 32 | Rhode Island | 3.6% |
| 33 | Alabama | 3.5% |
| 34 | Utah | 3.5% |
| 35 | Ohio | 3.4% |
| 36 | North Carolina | 3.4% |
Unemployment rate, 2025 annual average (2025)
Alabama ranks 47 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 44 | Wisconsin | 3.2% |
| 45 | New Hampshire | 3.2% |
| 46 | Nebraska | 3.0% |
| 47 | Alabama | 2.9% |
| 48 | Vermont | 2.7% |
| 49 | North Dakota | 2.6% |
| 50 | Hawaii | 2.4% |
Labor force participation rate, September 2026 (September 2026)
Alabama ranks 48 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 45 | North Carolina | 57.8% |
| 46 | Delaware | 57.8% |
| 47 | Florida | 57.3% |
| 48 | Alabama | 56.8% |
| 49 | New Mexico | 56.6% |
| 50 | Mississippi | 54.5% |
| 51 | West Virginia | 53.8% |
Average annual pay, 2025 (QCEW) (2025)
Alabama ranks 36 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 33 | Wisconsin | $66,160 |
| 34 | Maine | $65,787 |
| 35 | Indiana | $65,067 |
| 36 | Alabama | $64,479 |
| 37 | South Carolina | $63,728 |
| 38 | Wyoming | $63,535 |
| 39 | Iowa | $63,469 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Alabama ranks 46 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 43 | South Dakota | $47,080 |
| 44 | Kentucky | $46,920 |
| 45 | South Carolina | $46,490 |
| 46 | Alabama | $45,670 |
| 47 | Oklahoma | $45,600 |
| 48 | Louisiana | $45,520 |
| 49 | West Virginia | $45,300 |
Median household income (2024)
Alabama ranks 45 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 42 | Indiana | $71,958 |
| 43 | Missouri | $71,583 |
| 44 | New Mexico | $67,838 |
| 45 | Alabama | $66,704 |
| 46 | Oklahoma | $66,124 |
| 47 | Kentucky | $64,481 |
| 48 | Arkansas | $62,146 |
Median gross rent (monthly) (2024)
Alabama ranks 40 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 37 | Nebraska | $1,102 |
| 38 | Ohio | $1,090 |
| 39 | Kansas | $1,079 |
| 40 | Alabama | $1,077 |
| 41 | Missouri | $1,067 |
| 42 | Louisiana | $1,064 |
| 43 | Oklahoma | $1,044 |
Median value of owner-occupied homes (2024)
Alabama ranks 44 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 41 | Indiana | $243,500 |
| 42 | Ohio | $239,800 |
| 43 | Kansas | $238,700 |
| 44 | Alabama | $233,300 |
| 45 | Iowa | $227,300 |
| 46 | Kentucky | $226,000 |
| 47 | Louisiana | $223,200 |
More on Alabama: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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