Cost of Living in Hoover, AL
Population: 92,401 • 2026 Data
$107,822
Median Household Income
+39% vs national
$1,404
Median Monthly Rent
+4% vs national
$391,300
Median Home Value
+15% vs national
4.0%
Unemployment Rate
Housing in Hoover
The median home value in Hoover, AL is $391,300. Monthly rent for a typical unit averages $1,404, while total monthly housing costs (including utilities and insurance) average $1,569.
Rent-to-income ratio: 15.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Hoover, AL is $107,822. The unemployment rate stands at 4.0%, with a labor force of 50,001 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.