Socio-Economic Overview

According to Claritas, Inc., the population of the Birmingham MSA experienced a 4.87 percent increase in growth from 2000 to 2007. The 2007 population estimate of the area is approximately 1,103,474, representing 24 percent of the population of Alabama.

There are 453,778 households in the Birmingham area, an increase of 5.56 percent since 2000. According to Claritas, Inc., average household income for 2007 is $63,343. The median age of the Birmingham area population is 37 years. The Birmingham area consistently has a lower cost of living than much of the rest of the nation, and the average selling price for a home in the metro area is $187,715.