Economy Profile

Cleburne County

TSAC-CFD-01029

Snapshot

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GDP (2022, Thousands)
$ 420383
AVG Real Growth (2017-2022)
2.14 %
Unemployment Rate (May, 2024)
3 %
Labor Force Size
6372
Number of Businesses
286
Average Annual Wage
$ 55180

Economy Structure

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

GDP

Cleburne County, Alabama, exhibits a notable economic profile with an annual GDP of approximately 420 million dollars and a GDP per capita of 27,759 dollars. The county's GDP growth rate of 5.1% over the last year is significantly higher than Alabama's state growth rate of 1.7% and the national rate of 1.9%, indicating a robust local economy. Cleburne's economy is heavily reliant on goods production, contributing 43.8% to its GDP, which is markedly higher than the state average of 22.2% and the national average of 17.4%. This suggests a strong manufacturing or agricultural base. However, the GDP per capita remains lower than both the state average of 55,999 dollars and the national average of 77,754 dollars, highlighting potential challenges in income distribution or economic diversification compared to more prosperous counties like Jefferson and Madison.

GDP (2022, Thousands)
$ 420383
GDP Per Capita
$ 27759
GDP Growth Rate (2022)
5.1 %
Average Growth Rate (2017-2022)
2.14 %
Goods Producing Contribution (%)
43.8%
Service Providing Contribution (%)
39.6%
Goverment Contribution
16.7%
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
6372
Labor Force Growth
1.68%
Unemployment
191
Unemployment Rate
3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Cleburne County, AL, exhibits a notably lower employment rate for individuals aged 20-64 at 63.1%, compared to 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 is also below the state average (72.5% vs. 82.6%) and significantly lower than the national average (84.3%). Additionally, the employment rate for high school graduates stands at 59%, which is below both the state (63.3%) and national averages (67.9%). Cleburne County's employment rates for Black individuals (47.5%) and females (55%) are also lower than state averages (52.5% and 64.3%, respectively). These figures suggest that Cleburne County faces challenges in workforce participation and educational attainment compared to both state and national benchmarks, indicating potential areas for economic development and educational initiatives.

Employment Rate (20-64 y.o.)
63.1%
Employment Rate (with Bachelor's Degree)
72.5%
Employment Rate (75+ y.o.)
2.3%
Employment Rate (Black)
47.5%
Employment Rate (Female)
55%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
286
Number of Employment
2566
Annual Average Wages
$ 55180
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 76281
Service-providing (avg pay)
$ 42302
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Cleburne County, AL, exhibits a Mean Household Income of $51,553 and a Median Household Income of $71,645, which are notably lower than both the state averages of $59,609 and $82,992, respectively. The county's Income Per Capita stands at $28,598, significantly trailing behind the state average of $33,344. While Cleburne County has a relatively low income Gini index of 0.4724, indicating moderate income inequality, it still reflects a higher percentage of households earning less than $20K (15.8%) compared to the state average of 16.6%. In comparison to nearby counties, Cleburne's economic indicators suggest a need for growth and development strategies to enhance income levels and reduce poverty, particularly when juxtaposed with more prosperous counties like Madison and Shelby, which boast higher income metrics.

Household Income (Mean)
$ 51553
Household Income (Median)
$ 71645
Per Capita Income
$ 28598
Per Capita Income Growth (2010-2022)
63.5 %
Gini Index
0.4724*
Poverty Rate
12.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov