LotsCap

Economy Profile

Walker County

  • Alabama State
  • October, 2024
TSAC-CFD-01127

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 2113117
AVG Real Growth (2017-2022)
-2.8 %
Unemployment Rate (May, 2024)
3.2 %
Labor Force Size
26285
Number of Businesses
1549
Average Annual Wage
$ 46941

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 2113117
GDP Per Capita
$ 32520
GDP Growth Rate (2022)
3.2 %
Average Growth Rate (2017-2022)
-2.8 %
Goods Producing Contribution (%)
23.8%
Service Providing Contribution (%)
63.2%
Goverment Contribution
13%
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
26285
Labor Force Growth
1.56%
Unemployment
851
Unemployment Rate
3.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
63.8%
Employment Rate (with Bachelor's Degree)
80.4%
Employment Rate (75+ y.o.)
5.9%
Employment Rate (Black)
50.9%
Employment Rate (Female)
58.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1549
Number of Employment
18468
Annual Average Wages
$ 46941
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 61394
Service-providing (avg pay)
$ 42512
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 52987
Household Income (Median)
$ 68336
Per Capita Income
$ 28204
Per Capita Income Growth (2010-2022)
37.5 %
Gini Index
0.4543*
Poverty Rate
16.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov