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Elmore County, Alabama, has an annual GDP of approximately 2.47 billion dollars, with a GDP per capita of about 28,158 dollars, which is significantly lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county's GDP growth rate over the last year was 1.3%, slightly below Alabama's growth rate of 1.7% and the national rate of 1.9%. Elmore's economy is characterized by a 20.4% contribution from goods-producing sectors and 63% from service-providing sectors, indicating a reliance on services similar to the state average. However, compared to other counties in Alabama, Elmore's economic performance is modest, with higher GDP per capita figures seen in counties like Jefferson and Madison, highlighting a potential area for economic development and growth.
Elmore County, AL exhibits an employment rate of 68% for individuals aged 20-64, which is slightly below the state average of 68.7% and significantly lower than the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 82.7%, aligning closely with Alabama's 82.6% but trailing the national figure of 84.3%. Notably, the employment rate for high school graduates in Elmore County is 65.2%, which is higher than Alabama's average of 63.3%. The county's employment rate for Black individuals is 48.5%, lower than both the state (52.5%) and national (57.2%) averages. Overall, while Elmore County shows some strengths in educational attainment, it faces challenges in overall employment rates compared to both state and national benchmarks.
Elmore County, AL, exhibits a mean household income of $73,258 and a median household income of $90,524, positioning it favorably compared to the state average of $59,609 and the national average of $75,149. The county's income per capita stands at $34,152, which is higher than Alabama's average of $33,344, indicating a relatively robust economic environment. Notably, 10.2% of households earn over $200,000, surpassing the state average of 8.7%, while only 10% of households earn less than $20,000, which is significantly lower than Alabama's 16.6%. Elmore County's Gini index of 0.4189 suggests a more equitable income distribution compared to many neighboring counties, reflecting a healthier economic landscape that may attract new residents and businesses.