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Blount County, Alabama, with an annual GDP of approximately 1.28 billion dollars and a GDP per capita of 21,701 dollars, exhibits a modest economic profile compared to both state and national averages. The county's GDP growth rate of 2% over the last year and a compound annual growth rate (CAGR) of 1.46% over the past 13 years indicate steady, albeit slow, economic progress. In contrast, Alabama's GDP per capita stands at 55,999 dollars, while the national average is significantly higher at 77,754 dollars. Blount County's goods-producing sector contributes 27.8% to its GDP, which is above the state average of 22.2%, suggesting a stronger emphasis on manufacturing or agriculture. However, its overall economic performance lags behind more prosperous counties like Jefferson and Madison, highlighting the need for targeted economic development strategies to enhance growth and living standards.
Blount County, AL exhibits an employment rate of 66.4% for individuals aged 20-64, which is notably lower than the state average of 68.7% and significantly below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 78%, also trailing behind Alabama's 82.6% and the national figure of 84.3%. Furthermore, Blount County's employment rate for high school graduates is 62%, which is slightly above the state average of 63.3% but still lags behind the national average of 67.9%. The county's employment rates for Black individuals (35%) and females (60.9%) are also lower than both state and national averages, indicating potential areas for economic development and workforce improvement. Overall, Blount County's employment metrics suggest challenges in labor market participation compared to both state and national benchmarks.
Blount County, AL exhibits a Mean Household Income of $57,440 and a Median Household Income of $75,954, which are below the state averages of $59,609 and $82,992, respectively. The county's Income Per Capita stands at $29,053, significantly lower than both the state ($33,344) and national averages ($41,261). However, Blount County has a relatively high percentage of households earning over $200K (11.2%) compared to the state average of 8.7%, indicating a presence of affluent households. The income inequality, as measured by the Gini index (0.4475), is lower than both the state (0.4797) and national (0.4829) levels, suggesting a more equitable income distribution. Overall, while Blount County lags in average income metrics, it shows a unique demographic mix with a notable proportion of high-income households.