Montgomery County · Alabama · South · 197k residents
Montgomery, AL: economy, jobs & business costs
The site-selection read on Montgomery: labor costs, talent, corporate tax, energy, and business activity, with the Alabama median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,226/wk. Alabama's corporate income tax rate is 6.5%. Commercial electricity averages 13.6¢/kWh.
Compare Montgomery side by side
Avg. weekly wage
$1,226/wk
Corporate income tax
6.5%
Bachelor's degree or higher
33.8%
Commercial electricity
13.6¢/kWh
Economic momentum
How fast Montgomery's economy is moving, ranked against the US cities we track.
54/100
Steady
Ranks Montgomery's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $161,900 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.4% |
| 1-bedroom rent | $884/mo |
| 2-bedroom rent | $1,031/mo |
| State & local income tax | 4.41% |
| Sales tax | 9.3% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,226/wk |
| Bachelor's degree or higher | 33.8% |
| Commercial electricity | 13.6¢/kWh |
| Businesses per 1k residents | 33.1/1k |
| Wage: Software developer | $110,620 |
| Wage: Registered nurse | $79,570 |
| Wage: General manager | $107,980 |
| Wage: Customer service | $36,960 |
| Wage: Warehouse worker | $34,370 |
| Wage: Heavy truck driver | $54,860 |
| Wage: Electrician | $49,910 |
| Wage: Retail salesperson | $29,650 |
| Cost of living index | 78 |
| Groceries index | 97 |
| Utilities | $190/mo |
| Transit pass | $45/mo |
| Gas price | $2.95/gal |
| Healthcare index | 92 |
| Childcare (per child) | $750/mo |
| Median household income | $56,811 |
| Unemployment rate | 2.9% |
| Population | 197k |
| Crime index | 55/100 |
| School rating | 4.3/10 |
| Walkability | 38/100 |
| Disaster risk | 92/100 |
| Avg. commute | 25 min |
| Sunny days / year | 215 days |
| July high | 94°F |
| January low | 37°F |
| Annual snowfall | — |
| Home price YoY | +2.4% |
| Home price MoM | +0.1% |
| Rent YoY | +3.4% |
| Rent MoM | -0.1% |
| Employment (jobs) YoY | -0.4% |
| Building permits YoY | +100.4% |
| Ocean coast | 138 mi |
| Big lake | 38 mi |
| Mountains | 82 mi |
| Major airport | 86 mi |
| Ski resort | 280 mi |
Popular comparisons
Nearby
- Millbrook, AL · 17k
- Prattville, AL · 39k
- Selma, AL · 17k
- Troy, AL · 18k
- Auburn, AL · 81k
Similar size
- Birmingham, AL · 198k
- Mobile, AL · 203k
- Huntsville, AL · 223k
- Tuscaloosa, AL · 111k
- Hoover, AL · 93k
Real listings in Montgomery
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Montgomery a good place to run a business?
- Alabama's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,226/wk; commercial electricity averages 13.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Montgomery, AL?
- Montgomery indexes at 78 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,031/mo and a acs median home value of $161,900.
- How much does a house cost in Montgomery?
- The acs median home value in Montgomery is $161,900 (Census ACS estimate; individual listings vary).
- How much is rent in Montgomery?
- A two-bedroom in Montgomery rents for about $1,031/mo.