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Economy Profile

Marshall County

  • Alabama State
  • October, 2024
TSAC-CFD-01095

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 4564317
AVG Real Growth (2017-2022)
2.02 %
Unemployment Rate (May, 2024)
2.6 %
Labor Force Size
47436
Number of Businesses
2483
Average Annual Wage
$ 46365

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 4564317
GDP Per Capita
$ 46611
GDP Growth Rate (2022)
2.7 %
Average Growth Rate (2017-2022)
2.02 %
Goods Producing Contribution (%)
34.7%
Service Providing Contribution (%)
52.2%
Goverment Contribution
13.1%
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
47436
Labor Force Growth
2.2%
Unemployment
1246
Unemployment Rate
2.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.6%
Employment Rate (with Bachelor's Degree)
80.6%
Employment Rate (75+ y.o.)
5.5%
Employment Rate (Black)
55.8%
Employment Rate (Female)
62.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
2483
Number of Employment
40154
Annual Average Wages
$ 46365
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 51529
Service-providing (avg pay)
$ 40478
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 58272
Household Income (Median)
$ 77500
Per Capita Income
$ 29509
Per Capita Income Growth (2010-2022)
48.5 %
Gini Index
0.4567*
Poverty Rate
16.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov