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Economy Profile

Coosa County

  • Alabama State
  • October, 2024
TSAC-CFD-01037

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 239328
AVG Real Growth (2017-2022)
1.42 %
Unemployment Rate (May, 2024)
3.7 %
Labor Force Size
4546
Number of Businesses
158
Average Annual Wage
$ 48078

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 239328
GDP Per Capita
$ 23170
GDP Growth Rate (2022)
11.1 %
Average Growth Rate (2017-2022)
1.42 %
Goods Producing Contribution (%)
31.7%
Service Providing Contribution (%)
55.1%
Goverment Contribution
13.3%
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
4546
Labor Force Growth
-0.35%
Unemployment
169
Unemployment Rate
3.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
59.5%
Employment Rate (with Bachelor's Degree)
72%
Employment Rate (75+ y.o.)
4.6%
Employment Rate (Black)
38.1%
Employment Rate (Female)
59%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
158
Number of Employment
1526
Annual Average Wages
$ 48078
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 56394
Service-providing (avg pay)
$ 44952
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 52279
Household Income (Median)
$ 69810
Per Capita Income
$ 28998
Per Capita Income Growth (2010-2022)
51 %
Gini Index
0.4216*
Poverty Rate
11.1 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov