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Cherokee County, Alabama, has an annual GDP of approximately 735 million dollars, with a GDP per capita of about 29,322 dollars, which is significantly lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county's GDP growth rate for the last year stands at 2%, slightly above Alabama's growth rate of 1.7% but below the national rate of 1.9%. Notably, Cherokee County has a strong goods-producing sector, contributing 28.1% to its GDP, which is higher than the state average of 22.2%. However, its overall economic output remains modest compared to larger counties like Jefferson and Madison, indicating potential for growth and development in the region. The county's economic structure, with a significant service-providing contribution of 56.9%, aligns with broader trends seen across Alabama and the nation.
Cherokee County, AL, exhibits an employment rate of 66.7% for individuals aged 20-64, which is below both the state average of 68.7% and the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 77.9%, significantly lower than Alabama's 82.6% and the national figure of 84.3%. Additionally, the employment rate for high school graduates in Cherokee County is 62%, trailing behind the state average of 63.3%. Notably, the county has a low employment rate of 1.8% for those aged 75 and older, indicating a potential lack of opportunities for older workers. Compared to nearby counties, Cherokee County's employment metrics suggest challenges in workforce engagement and educational attainment, highlighting areas for potential economic development initiatives.
Cherokee County, AL, exhibits a mean household income of $46,621 and a median household income of $65,664, both significantly lower than the state averages of $59,609 and $82,992, respectively. The county's income per capita stands at $28,422, which is also below the state average of $33,344. Notably, only 5.9% of households earn over $200,000, compared to Alabama's 8.7%, indicating a lower concentration of high-income earners. Additionally, 17.9% of households earn less than $20,000, higher than the state average of 16.6%. This data suggests that Cherokee County faces economic challenges relative to both state and national benchmarks, highlighting a need for economic development initiatives to improve income levels and reduce poverty.