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Chilton County, Alabama, has an annual GDP of approximately 1.32 billion dollars, with a GDP per capita of about 29,315 dollars, which is significantly lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county experienced a GDP growth rate of -0.8% in the last year, contrasting with Alabama's growth rate of 1.7% and the national rate of 1.9%. Despite this downturn, Chilton County's GDP growth rate over the past 13 years has been relatively stable at 1.96%. The county's economy is characterized by a strong goods-producing sector, contributing 31.3% to its GDP, which is higher than the state average of 22.2%. However, the service sector's contribution of 55.7% is below the national average of 71.2%, indicating potential for growth in service-oriented industries.
Chilton County, AL exhibits a mixed employment landscape compared to both state and national averages. With an employment rate of 67.9% for individuals aged 20-64, Chilton County falls below Alabama's average of 68.7% and significantly below the national average of 73.8%. However, it stands out with a high employment rate of 88.7% for those with a Bachelor's degree, surpassing Alabama's 82.6% and the national figure of 84.3%. The county's high school graduate employment rate is also competitive at 65.7%, slightly above Alabama's 63.3%. Notably, the employment rate for Black individuals in Chilton County is 53.3%, which is better than Alabama's 52.5%. Overall, while Chilton County shows strengths in educational attainment, it still faces challenges in broader employment participation compared to both state and national levels.
Chilton County, AL, exhibits a Mean Household Income of $62,471 and a Median Household Income of $73,650, positioning it slightly below the state averages of $59,609 and $82,992, respectively. The county's Income Per Capita stands at $28,497, which is notably lower than both the state ($33,344) and national averages ($41,261). Chilton County's income distribution reflects a moderate level of wealth concentration, with 9.6% of households earning over $200K, which is higher than the state average of 8.7%. However, 14.4% of households earn less than $20K, indicating a significant portion of the population facing economic challenges. Compared to neighboring counties, Chilton's income levels are competitive, particularly against Mobile County, but fall short of wealthier areas like Shelby County, highlighting a diverse economic landscape within Alabama.