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Economy Profile

Coffee County

  • Alabama State
  • October, 2024
TSAC-CFD-01031

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1942192
AVG Real Growth (2017-2022)
3.02 %
Unemployment Rate (May, 2024)
3.2 %
Labor Force Size
22649
Number of Businesses
1331
Average Annual Wage
$ 44451

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1942192
GDP Per Capita
$ 36263
GDP Growth Rate (2022)
2.1 %
Average Growth Rate (2017-2022)
3.02 %
Goods Producing Contribution (%)
27%
Service Providing Contribution (%)
59.7%
Goverment Contribution
13.3%
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
22649
Labor Force Growth
2.93%
Unemployment
732
Unemployment Rate
3.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
64.7%
Employment Rate (with Bachelor's Degree)
72.7%
Employment Rate (75+ y.o.)
4.8%
Employment Rate (Black)
50.5%
Employment Rate (Female)
61.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1331
Number of Employment
16894
Annual Average Wages
$ 44451
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 48452
Service-providing (avg pay)
$ 40932
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 62199
Household Income (Median)
$ 78477
Per Capita Income
$ 31227
Per Capita Income Growth (2010-2022)
37 %
Gini Index
0.4354*
Poverty Rate
16.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov