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Economy Profile

Crenshaw County

  • Alabama State
  • October, 2024
TSAC-CFD-01041

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 516679
AVG Real Growth (2017-2022)
0.7 %
Unemployment Rate (May, 2024)
3.4 %
Labor Force Size
6215
Number of Businesses
298
Average Annual Wage
$ 46293

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 516679
GDP Per Capita
$ 39128
GDP Growth Rate (2022)
6.4 %
Average Growth Rate (2017-2022)
0.7 %
Goods Producing Contribution (%)
48.9%
Service Providing Contribution (%)
40.5%
Goverment Contribution
10.6%
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
6215
Labor Force Growth
-0.38%
Unemployment
211
Unemployment Rate
3.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
63.6%
Employment Rate (with Bachelor's Degree)
76.2%
Employment Rate (75+ y.o.)
3%
Employment Rate (Black)
40.1%
Employment Rate (Female)
61.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
298
Number of Employment
3547
Annual Average Wages
$ 46293
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 60348
Service-providing (avg pay)
$ 39173
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 48557
Household Income (Median)
$ 78621
Per Capita Income
$ 32396
Per Capita Income Growth (2010-2022)
63.7 %
Gini Index
0.5581*
Poverty Rate
14.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov