LotsCap

Economy Profile

Chilton County

  • Alabama State
  • October, 2024
TSAC-CFD-01021

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1323268
AVG Real Growth (2017-2022)
1.96 %
Unemployment Rate (May, 2024)
2.9 %
Labor Force Size
20742
Number of Businesses
913
Average Annual Wage
$ 46665

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1323268
GDP Per Capita
$ 29315
GDP Growth Rate (2022)
-0.8 %
Average Growth Rate (2017-2022)
1.96 %
Goods Producing Contribution (%)
31.3%
Service Providing Contribution (%)
55.7%
Goverment Contribution
13%
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
20742
Labor Force Growth
1.37%
Unemployment
609
Unemployment Rate
2.9%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
67.9%
Employment Rate (with Bachelor's Degree)
88.7%
Employment Rate (75+ y.o.)
5.1%
Employment Rate (Black)
53.3%
Employment Rate (Female)
59.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
913
Number of Employment
9227
Annual Average Wages
$ 46665
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 60213
Service-providing (avg pay)
$ 40775
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 62471
Household Income (Median)
$ 73650
Per Capita Income
$ 28497
Per Capita Income Growth (2010-2022)
38.9 %
Gini Index
0.4211*
Poverty Rate
14.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov