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Economy Profile

Talladega County

  • Alabama State
  • October, 2024
TSAC-CFD-01121

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 3654476
AVG Real Growth (2017-2022)
0.72 %
Unemployment Rate (May, 2024)
3.3 %
Labor Force Size
37017
Number of Businesses
1550
Average Annual Wage
$ 54105

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 3654476
GDP Per Capita
$ 45059
GDP Growth Rate (2022)
4.3 %
Average Growth Rate (2017-2022)
0.72 %
Goods Producing Contribution (%)
43.6%
Service Providing Contribution (%)
44.5%
Goverment Contribution
12%
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
37017
Labor Force Growth
0.67%
Unemployment
1210
Unemployment Rate
3.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
61.9%
Employment Rate (with Bachelor's Degree)
84%
Employment Rate (75+ y.o.)
4.2%
Employment Rate (Black)
48.8%
Employment Rate (Female)
61.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1550
Number of Employment
31636
Annual Average Wages
$ 54105
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 70164
Service-providing (avg pay)
$ 42847
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 52457
Household Income (Median)
$ 70872
Per Capita Income
$ 29236
Per Capita Income Growth (2010-2022)
56.2 %
Gini Index
0.4797*
Poverty Rate
18.7 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov