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Economy Profile

Calhoun County

  • Alabama State
  • October, 2024
TSAC-CFD-01015

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 5466368
AVG Real Growth (2017-2022)
1.68 %
Unemployment Rate (May, 2024)
3.6 %
Labor Force Size
46396
Number of Businesses
2800
Average Annual Wage
$ 49930

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 5466368
GDP Per Capita
$ 47058
GDP Growth Rate (2022)
-0.4 %
Average Growth Rate (2017-2022)
1.68 %
Goods Producing Contribution (%)
25.4%
Service Providing Contribution (%)
51.8%
Goverment Contribution
22.8%
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
46396
Labor Force Growth
1.97%
Unemployment
1659
Unemployment Rate
3.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
66.5%
Employment Rate (with Bachelor's Degree)
80.9%
Employment Rate (75+ y.o.)
6.4%
Employment Rate (Black)
52.9%
Employment Rate (Female)
60.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
2800
Number of Employment
43640
Annual Average Wages
$ 49930
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 66693
Service-providing (avg pay)
$ 39899
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 54339
Household Income (Median)
$ 69213
Per Capita Income
$ 28227
Per Capita Income Growth (2010-2022)
37.2 %
Gini Index
0.4519*
Poverty Rate
18.0 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov