LotsCap

Economy Profile

Cleburne County

  • Alabama State
  • October, 2024
TSAC-CFD-01029

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 420383
AVG Real Growth (2017-2022)
2.14 %
Unemployment Rate (May, 2024)
3 %
Labor Force Size
6372
Number of Businesses
286
Average Annual Wage
$ 55180

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 420383
GDP Per Capita
$ 27759
GDP Growth Rate (2022)
5.1 %
Average Growth Rate (2017-2022)
2.14 %
Goods Producing Contribution (%)
43.8%
Service Providing Contribution (%)
39.6%
Goverment Contribution
16.7%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
6372
Labor Force Growth
1.68%
Unemployment
191
Unemployment Rate
3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
63.1%
Employment Rate (with Bachelor's Degree)
72.5%
Employment Rate (75+ y.o.)
2.3%
Employment Rate (Black)
47.5%
Employment Rate (Female)
55%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
286
Number of Employment
2566
Annual Average Wages
$ 55180
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 76281
Service-providing (avg pay)
$ 42302
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 51553
Household Income (Median)
$ 71645
Per Capita Income
$ 28598
Per Capita Income Growth (2010-2022)
63.5 %
Gini Index
0.4724*
Poverty Rate
12.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov