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Economy Profile

Escambia County

  • Alabama State
  • October, 2024
TSAC-CFD-01053

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1479761
AVG Real Growth (2017-2022)
-1.28 %
Unemployment Rate (May, 2024)
3.8 %
Labor Force Size
14548
Number of Businesses
931
Average Annual Wage
$ 50109

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1479761
GDP Per Capita
$ 40260
GDP Growth Rate (2022)
-0.9 %
Average Growth Rate (2017-2022)
-1.28 %
Goods Producing Contribution (%)
32.2%
Service Providing Contribution (%)
44.7%
Goverment Contribution
23.1%
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
14548
Labor Force Growth
0.8%
Unemployment
552
Unemployment Rate
3.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
55%
Employment Rate (with Bachelor's Degree)
74.4%
Employment Rate (75+ y.o.)
6.9%
Employment Rate (Black)
38.5%
Employment Rate (Female)
57.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
931
Number of Employment
12859
Annual Average Wages
$ 50109
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 64228
Service-providing (avg pay)
$ 41457
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 41153
Household Income (Median)
$ 55542
Per Capita Income
$ 21758
Per Capita Income Growth (2010-2022)
33.8 %
Gini Index
0.4673*
Poverty Rate
21.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov