Economy Profile

Autauga County

TSAC-CFD-01001

Snapshot

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GDP (2022, Thousands)
$ 2364891
AVG Real Growth (2017-2022)
1.94 %
Unemployment Rate (May, 2024)
2.8 %
Labor Force Size
27605
Number of Businesses
1073
Average Annual Wage
$ 49832

Economy Structure

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

GDP

Autauga County, Alabama, has demonstrated a remarkable economic performance with an annual GDP of approximately 2.36 billion dollars and a GDP per capita of 40,246 dollars. Notably, the county experienced an impressive GDP growth rate of 11.7% in the last year, significantly outpacing the state growth rate of 1.7% and the national rate of 1.9%. The county's economy is primarily service-oriented, with 71.1% of its GDP coming from service-providing sectors, which aligns closely with the state average of 62.3%. However, Autauga's GDP per capita remains lower than the state average of 55,999 dollars and significantly below Jefferson County's 86,076 dollars, indicating potential for growth in income levels. Overall, Autauga County's strong growth trajectory positions it favorably within Alabama's economic landscape.

GDP (2022, Thousands)
$ 2364891
GDP Per Capita
$ 40246
GDP Growth Rate (2022)
11.7 %
Average Growth Rate (2017-2022)
1.94 %
Goods Producing Contribution (%)
16.5%
Service Providing Contribution (%)
71.1%
Goverment Contribution
12.4%
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
27605
Labor Force Growth
1.68%
Unemployment
786
Unemployment Rate
2.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Autauga County, AL exhibits an employment rate of 70.5% for individuals aged 20-64, which is slightly above the state average of 68.7% but below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 75.6%, significantly lower than the national figure of 84.3% and also below Alabama's 82.6%. Notably, Autauga County's employment rate for high school graduates is relatively strong at 67.5%, surpassing the state average of 63.3%. The county's employment rates for Black individuals (58.3%) and females (65.9%) are also higher than the state averages of 52.5% and 64.3%, respectively. Overall, while Autauga County shows promising employment figures, particularly for high school graduates, it still faces challenges in higher education employment compared to both state and national benchmarks.

Employment Rate (20-64 y.o.)
70.5%
Employment Rate (with Bachelor's Degree)
75.6%
Employment Rate (75+ y.o.)
2.4%
Employment Rate (Black)
58.3%
Employment Rate (Female)
65.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1073
Number of Employment
11871
Annual Average Wages
$ 49832
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 70418
Service-providing (avg pay)
$ 41121
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Autauga County, AL exhibits a mean household income of $68,315 and a median household income of $90,372, positioning it favorably compared to the state averages of $59,609 and $82,992, respectively. The county's income per capita stands at $35,332, which is higher than Alabama's average but lower than the national figure of $41,261. Notably, 11.2% of households earn over $200,000, surpassing the state average of 8.7%. The income inequality, as indicated by the Gini index of 0.4541, is relatively low compared to both state (0.4797) and national (0.4829) levels, suggesting a more equitable income distribution. Overall, Autauga County demonstrates a robust economic profile within Alabama, reflecting a growing local economy that may attract further investment and development.

Household Income (Mean)
$ 68315
Household Income (Median)
$ 90372
Per Capita Income
$ 35332
Per Capita Income Growth (2010-2022)
43.8 %
Gini Index
0.4541*
Poverty Rate
11.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov