Economic Intel Numbers reflect October 2016 over October 2015. (Latest data available.)
HOUSING
LABOR FORCE
+ 2.5% + 2.5%
- .1%
EMPLOYED
UNEMPLOYMENT RATE
+ 8.6% AVERAGE SALES PRICE
= $161K
CIVILIAN LABOR FORCE Source: Alabama Department of Labor, MGM Metro Area
- 10.2% - 17.8% TOTAL HOMES LISTED FOR SALE
AVERAGE DAYS ON MARKET
= 97 days
= 2,430
Source: Alabama Center for Real Estate MGM Area
TOP FOUR SECTORS
EMPLOYMENT BY SECTOR
PROFESSIONAL & BUSINESS SERVICES
+ 3.4%
TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES
+ 3.4%
EDUCATION & HEALTH SERVICES
TOURISM
+ 4.0%
FINANCIAL ACTIVITIES
+ 3.2%
.9%
+ 3.9%
DEMAND FOR HOTEL ROOMS
TRANSPORTATION CHECK OUT THE COST CALCULATOR ON FLYMGM.COM TO COMPARE FLIGHT COSTS.
SUPPLYROOMS AVAILABLE
+
3.88%
15,271 TOTAL PASSENGERS
+ 1.87%
MONTGOMERY’S OCCUPANCY %
INCREASED
+ 2.50%
Source: Alabama Department of Labor, MGM Metro Area
JAN-OCT 2016
LODGINGS TAX COLLECTIONS
Source: Smith Travel Research Report, City of Montgomery
Source: MGM-Montgomery Regional Airport
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MONTGOMERY BUSINESS JOURNAL