Alabama Economic Overview
Key economic indicators for Alabama (AL). Population: 5,024,279.
Unemployment Rate
2.7%
Below national avg (~4.2%)
Median Annual Wage
$45,000
Source: Census ACS / BLS
Wage Growth (YoY)
+3.5%
Year-over-year change
Population
5.0M
Source: 2020 Census
About the Alabama Economy
Alabama has an unemployment rate of 2.7%, which is below the national average. The median annual wage is $45,000, with wages growing at 3.5% year-over-year. With a population of 5,024,279, Alabama is the a mid-size state economy in the U.S.