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Economy Profile

Butler County

  • Alabama State
  • October, 2024
TSAC-CFD-01013

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 820976
AVG Real Growth (2017-2022)
0.78 %
Unemployment Rate (May, 2024)
3.9 %
Labor Force Size
8982
Number of Businesses
545
Average Annual Wage
$ 43681

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 820976
GDP Per Capita
$ 43253
GDP Growth Rate (2022)
2.9 %
Average Growth Rate (2017-2022)
0.78 %
Goods Producing Contribution (%)
40%
Service Providing Contribution (%)
50.6%
Goverment Contribution
9.4%
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
8982
Labor Force Growth
-1.86%
Unemployment
349
Unemployment Rate
3.9%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
66.2%
Employment Rate (with Bachelor's Degree)
92.8%
Employment Rate (75+ y.o.)
2.4%
Employment Rate (Black)
50%
Employment Rate (Female)
65.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
545
Number of Employment
6948
Annual Average Wages
$ 43681
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 57323
Service-providing (avg pay)
$ 37368
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 44429
Household Income (Median)
$ 65988
Per Capita Income
$ 26334
Per Capita Income Growth (2010-2022)
55.7 %
Gini Index
0.4837*
Poverty Rate
21.1 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov