LotsCap

Economy Profile

Houston County

  • Alabama State
  • October, 2024
TSAC-CFD-01069

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 7115543
AVG Real Growth (2017-2022)
1.1 %
Unemployment Rate (May, 2024)
3.1 %
Labor Force Size
49399
Number of Businesses
3582
Average Annual Wage
$ 51814

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 7115543
GDP Per Capita
$ 66476
GDP Growth Rate (2022)
-1.6 %
Average Growth Rate (2017-2022)
1.1 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
12.7%
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
49399
Labor Force Growth
1.49%
Unemployment
1529
Unemployment Rate
3.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
67.4%
Employment Rate (with Bachelor's Degree)
81.8%
Employment Rate (75+ y.o.)
7.5%
Employment Rate (Black)
51.6%
Employment Rate (Female)
62%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
3582
Number of Employment
50597
Annual Average Wages
$ 51814
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 55094
Service-providing (avg pay)
$ 49741
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 55064
Household Income (Median)
$ 78415
Per Capita Income
$ 32126
Per Capita Income Growth (2010-2022)
41.4 %
Gini Index
0.4833*
Poverty Rate
17.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov