Nor shall Alabama and high-tech industry is flourishing, but you are wrong.
Here, the rising cost of living and wages data we recently analyzed more than 200 of the nation’s largest metropolitan area, to determine the best combination of high wages and low cost of living, have you can be found.
The first two on the list of upcoming Alabama Huntsville. Higher than the national average of nearly $ 2700 – average annual salary in the southern metropolitan area is $ 54,630. While this is certainly a good statistic, it’s really impressive when you consider the cost of living in Huntsville, nearly 10% of the lower than the US average.
With that said, there is a deeper dive into what makes Huntsville is such a good place to live and work
A strong job market in Huntsville
Alabama, in general, has a strong job market, the unemployment rate of 2.7% – far below the national average, and a record low for the state. Impressive, Huntsville has done even better, only 2.1% unemployment rate thanks to the influx of high-paying jobs.
North Alabama, where located, has experienced incredible growth in employment in recent years. When it comes to paying job in the technology sector, this is especially true. In fact, Huntsville has been one of the biggest beneficiaries of high-tech companies looking for a cheaper place to do business than in Silicon Valley, ZipRecruiter find tech jobs in Huntsville, over one billion already committed $ 4 growth projects in the Huntsville area. For example, Blue Origin, Amazon.com founder Jeff Bezos space to start, to build a $ 200 million facility in North Alabama. Facebook and Google have committed in the Huntsville area were $ 7.5 million, billion-$ 600 to build a data center. And Mazda / Toyota committed $ 1.6 billions on new production facility will add 4,000 jobs in the region.
Business Insider The number one place named Huntsville to find work outside the US technology sector in Silicon Valley. And with the continued influx of technology spending in the region, it is difficult to imagine any time once this changing.
Dig a bit deeper into the cost of living in Huntsville,
According to the Council for Community and Economic Research by the compiler, Huntsville has six main categories of expenditure based on living index, or COLI, 90.8 the cost of. To explain what this means for 100 COLI will be the national average, so some people can count on their lives in Huntsville is the average resident of the United States pays about 91% of what the total cost.
However, when we look a bit deeper, we find that there are actually Huntsville
Above average several types of costs. For example, utilities and transportation costs actually have more than 100 indexes, the same category “miscellaneous goods and services.” There are grocery stores and health Huntsville below average costs, but the index 94.2 and 94.7, respectively, by many not .
Why, then, Huntsville has such low CO ST life? The answer boils down to just one category – housing
Huntsville housing costs index was 64.7, which means that the average consumer Huntsville less than 35% of the rent or mortgage payments exceed the national average. Most other major sources show similar figures. For example, real estate site Zillow’s estimates, the average home value in Huntsville was $ one hundred sixty-nine thousand eight hundred and ninety – not the $ two hundred forty-three thousand two hundred twenty-five low US average of about 30%.
Want to pay the huge cost and cheap life? Huntsville is hiring
Recent data suggest that Huntsville is experiencing a labor shortage is expected to get worse. Simply put, many years of outstanding growth has exceeded the talent pool in the area. In fact, the Huntsville area will have about 25,000 working to fill 2023, accordin g to Deloitte, this may be a challenge to fill the view of the ultra-low 2.1 percent unemployment rate in the region.
In order to fill these positions, the influx of external personnel required. With excellent low cost of living and employment prospects, Huntsville might be 12Local 3 very
Who want high wages, job seekers and put some money into her savings account for the ability of the attractive thanks to the cost of living is low .