Economy in Homewood
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Homewood, Alabama
Homewood's economy is robust, with a diverse job market primarily driven by key sectors such as Health Care & Social Assistance, Professional, Scientific, & Technical Services, and Educational Services. In 2024, these industries were the largest employers in the city, reflecting a strong presence of healthcare facilities, professional firms, and educational institutions like Samford University. The city experienced a job growth rate of 1.38% between 2023 and 2024, indicating a healthy and expanding employment landscape. While specific data on remote work is limited for Homewood, the prevalence of professional and technical services suggests a segment of the workforce likely engages in flexible work arrangements, aligning with broader national trends.
Economy & Jobs
Top Industries
About Homewood, Alabama
Homewood, Alabama, is a vibrant and desirable suburb located just south of downtown Birmingham, known for its tree-lined streets, strong community feel, and excellent amenities. The city prides itself on a blend of historic charm and modern conveniences, attracting a diverse population of families and young professionals. Its appeal stems from highly-rated public schools, a thriving local business scene, and abundant green spaces, making it a sought-after residential area in the greater Birmingham metropolitan area. Many residents are drawn to Homewood for its quality of life, convenient location, and active community engagement.
About Alabama
Alabama, a Southeastern U.S. state, is characterized by its rich history, diverse landscapes ranging from the Appalachian foothills to the Gulf Coast, and a strong sense of Southern hospitality. The state's economy is diverse, with major industries including automotive manufacturing, aerospace, advanced manufacturing, technology, bioscience, and agriculture. Living in Alabama generally offers an affordable lifestyle, with the cost of living, particularly housing, being significantly lower than the national average. The climate is humid subtropical, featuring long, hot summers and mild winters with ample precipitation throughout the year, allowing for year-round outdoor activities.