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Coosa County, Alabama, exhibits a unique economic profile compared to both state and national averages. With an annual GDP of approximately 239 million dollars and a GDP per capita of about 23,170 dollars, it significantly lags behind Alabama's state GDP per capita of 55,999 dollars and the national average of 77,754 dollars. However, Coosa County's GDP growth rate of 11.1% over the last year is notably higher than Alabama's 1.7% and the national rate of 1.9%, indicating a robust short-term economic expansion. The county's goods-producing sector contributes 31.7% to its GDP, which is higher than the state average of 22.2%, suggesting a strong manufacturing or agricultural base. In contrast, the service sector's contribution of 55.1% aligns closely with state trends, reflecting a balanced economic structure. Overall, while Coosa County faces challenges in per capita income, its recent growth signals potential for future development.
Coosa County, AL exhibits a notably low employment rate of 59.5% for individuals aged 20-64, significantly trailing behind 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 (72%) is also below the state (82.6%) and national (84.3%) figures, indicating potential challenges in higher education attainment or job availability for degree holders. Additionally, the employment rate for Black residents in Coosa County is particularly concerning at 38.1%, well below the state average of 52.5%. Comparatively, counties like Shelby (78.3%) and Madison (74.4%) demonstrate much stronger employment rates, highlighting disparities within Alabama. These trends suggest that Coosa County may need targeted economic development strategies to improve employment opportunities and educational outcomes.
Coosa County, AL, exhibits a mean household income of $52,279 and a median household income of $69,810, which are notably lower than both the state averages ($59,609 mean, $82,992 median) and national figures ($75,149 mean, $105,833 median). The county's income per capita stands at $28,998, reflecting economic challenges compared to the state ($33,344) and national levels ($41,261). However, Coosa County has a relatively low income inequality, with a Gini index of 0.4216, indicating a more equitable income distribution than many neighboring counties, such as Jefferson County (0.5049) and Madison County (0.4695). Additionally, 10.2% of households earn over $200K, which is higher than the state average of 8.7%, suggesting pockets of affluence amidst broader economic struggles.