Hoover is a small town in Alabama, located in the north-central part of the state. It is divided between Jefferson and Shelby counties, and it is also the biggest suburban area near Birmingham. In 2018, Hoover, Alabama had around 85,110 residents, so it ranks as the 6th largest city in Alabama.
Hoover’s tax revenue relies on the Riverchase Galleria center, which includes retail, tourism, and business industries. Along with the Riverchase Office Park, it hosts a number of big corporations. Some of the largest employers in Hoover, Alabama are Walmart, Blue Cross Blue Shield of Alabama, T-Mobile, City of Hoover, and Hoover Board of Education.
If you are looking to settle down in Hoover, renting an apartment could cost you around $1,000 per month. This is slightly above the national average. The median cost of an average home in Hoover, Alabama is around $271,600, also above the U.S. average. Still, the percentage of homeowners in this city is fairly high – around 69% of residents live in their own home.
Hoover’s unemployment rate is, on the other hand, fairly low – only 2.8% compared to the national average of 3.7%. Future job growth is predicted to be around 32.5%, which will affect the overall prosperity of this city. The average income per capita has been around $44,000, while the average household income is close to $84,100. The median selected monthly costs for a homeowner (mortgage included) are around $1,785.
If you are a Hoover resident and some unpredicted events have made it hard for you to make ends meet, online personal loans in Hoover may help you. There are a number of options to choose from including cash advance loans, installment loans, and more. Read on to learn more about your options in Hoover.