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Coffee County, Alabama, has an annual GDP of approximately 1.94 billion dollars, with a GDP per capita of about 36,263 dollars. The county's GDP growth rate for the last year stands at 2.1%, with a compound annual growth rate (CAGR) of 3.02% over the past 13 years, indicating a steady economic expansion. In comparison to Alabama's overall GDP per capita of 55,999 dollars, Coffee County lags significantly, reflecting a lower economic output per person. The county's goods-producing sector contributes 27% to its GDP, which is higher than the state average of 22.2%, while the service sector accounts for 59.7%, slightly below the state’s 62.3%. This suggests a balanced economic structure, but Coffee County's economic performance remains modest compared to larger counties like Jefferson and Madison, which have higher GDPs and per capita figures.
Coffee County, AL exhibits an employment rate of 64.7% for individuals aged 20-64, which is notably lower than the state average of 68.7% and significantly below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 72.7%, trailing behind Alabama's 82.6% and the national figure of 84.3%. Additionally, the employment rate for high school graduates in Coffee County is 64%, slightly above the state average of 63.3% but still lower than the national average of 67.9%. Comparatively, Coffee County's employment metrics reflect challenges in workforce engagement, particularly among younger and more educated demographics, indicating potential areas for economic development and educational initiatives to enhance employment opportunities.
Coffee County, AL exhibits a mean household income of $62,199 and a median household income of $78,477, positioning it slightly below the state averages of $59,609 and $82,992, respectively. Notably, Coffee County's income per capita of $31,227 is also lower than the state average of $33,344. However, it stands out with 10.8% of households earning over $200K, surpassing the state average of 8.7%. The county's Gini index of 0.4354 indicates a relatively lower income inequality compared to both the state (0.4797) and national levels (0.4829). This suggests that while Coffee County faces economic challenges, it also has a more equitable income distribution than many of its peers in Alabama, reflecting a unique economic landscape within the state.