Employment Dynamics in Montgomery

As the state capital, Montgomery is not only the seat of government but also a hub for various industries, contributing to the overall employment picture.

One significant contributor to employment in Montgomery is the government sector, with a notable presence of federal, state, and local government offices. The military also plays a pivotal role, with Maxwell Air Force Base being a prominent institution in the city, providing jobs and economic stability. Montgomery has seen growth in industries such as healthcare, education, and manufacturing providing a diverse range of job opportunities. Retail and hospitality contribute significantly to Montgomery's employment landscape as the city's vibrant downtown and various commercial districts host a multitude of businesses. 

Montgomery's employment statistics reflect a multifaceted economy driven by government, healthcare, education, manufacturing, and hospitality. Understanding these dynamics is essential for both policymakers and residents seeking to contribute to the city's continued economic development and prosperity.

The Statistics: 

Montgomery, Alabama, is anchored by several prominent employers that significantly contribute to the city's economic vitality. Topping the list is Maxwell-Gunter Air Force Base, the largest employer, providing jobs for 12,280 individuals. Following closely is the State of Alabama, employing 10,315 people, showcasing the importance of government employment in the region. The third spot is claimed by Montgomery Public Schools, providing opportunities for 4,524 employees in the education sector. Baptist Health stands as the fourth-largest employer, with a workforce of 4,300 individuals contributing to the healthcare industry. Rounding out the top five is Hyundai Motor Manufacturing Alabama, employing 3,530 people and playing a crucial role in the city's manufacturing sector. These key employers not only offer diverse job opportunities but also play a pivotal role in shaping Montgomery's economic landscape.

More Information: Montgomery chamber 

There are 157,550 total employment in all occupations, with an employment RSE of 0.0%. The location quotient is 1.00, indicating an even distribution of employment compared to the national average. The median hourly wage is $18.33, the mean hourly wage is $23.69, and the annual mean wage is $49,270, with a mean wage RSE of 0.3%.

More Information: Bureau of Labor  

As of July 1, 2022, Montgomery, Alabama, comprises a total of 106,195 housing units, with a homeownership rate of 57.2%. The median value of owner-occupied housing units stands at $134,700. For those with a mortgage, the median selected monthly owner cost is $1,187, while those without a mortgage face a monthly cost of $391. The gross rent for housing units in the area is estimated at $942. In terms of new construction and development, the city has seen 500 building permits issued. 

Accommodating these housing units are 89,134 households, with an average of 2.49 persons per household. These statistics offer insights into the housing landscape of Montgomery, providing key indicators of homeownership, housing costs, and demographic trends in the city.

More Information: Census