Huntsville ranked 4th most prosperous city in America

The Downtown Area Of Huntsville
Downtown Huntsville. (Nathan Watson / The Bama Buzz)

In a survey by real estate news site MyEListing.com, Huntsville was named the 4th most prosperous city in America in 2023.

In 2022, Huntsville also dethroned Colorado Springs as the #1 Best Place to Live in the U.S., according to U.S. News & World Report.

So what makes the Rocket City so great? Keep reading for all the details on one of the South’s most rapidly growing cities.

Why Huntsville?

Downtown Huntsville
View from up high. (Nathan Watson/ The Bama Buzz)

To find America’s most prosperous cities, MyEListing.com analysts reviewed six different metrics using data from 2017 to 2021. Here’s how Huntsville fared in their analysis:

  • Population growth: 9%
  • Home value increase: 20%
  • Income increase: 25%
  • 2022 unemployment: 2%
  • Poverty: 10%
  • Population with Bachelor’s degree or higher: 43%

Huntsville’s growing fast

The Black Keys
The Black Keys rocking the Orion Amphitheater. (The Orion Amphitheater on Facebook)

If you live around Huntsville, it’s impossible to ignore its exponential growth within the past few years. Last year the city celebrated huge progress on new projects and developments including:

Midcity
Rendering of MidCity in Huntsville. (MidCity District)

Not only are a ton of new businesses calling Huntsville home, but the Rocket City’s population is booming with a reported 450 new residents per month in 2022. That’s what we call prosperous!

“Our population growth is fueling unprecedented construction in commercial, residential and industrial sectors to the tune of $1.5 billion over last year and more than $7 billion over the last five years. From MidCity to downtown and up North Memorial Parkway, orange construction barrels are a regular sight.”

Mayor Tommy Battle

Other cities ranked

City Of Huntsville
View of the Rocket City. (City of Huntsville/ Facebook)

So what other cities were ranked the 2023’s most prosperous by MyEListing.com?

Here’s the top 10:

  • Provo-Orem, UT
  • Boise City, ID
  • Fayetteville-Springdale, AR
  • Huntsville, AL
  • Austin-Round Rock, TX
  • Sarasota, FL
  • Sioux Falls, SD
  • Burlington, VT
  • Seattle-Tacoma, WA
  • Salt Lake City, UT

According to their rankings, the South dominates as the region with 10 out of 25 of the most prosperous metro areas.

However, the site also ranked America’s least prosperous cities, placing Mobile, AL at #8.

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Grace Howard
Grace Howard
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