LotsCap

Economy Profile

Lauderdale County

  • Alabama State
  • October, 2024
TSAC-CFD-01077

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 3381368
AVG Real Growth (2017-2022)
0.9 %
Unemployment Rate (May, 2024)
3.5 %
Labor Force Size
44228
Number of Businesses
2474
Average Annual Wage
$ 45075

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 3381368
GDP Per Capita
$ 35847
GDP Growth Rate (2022)
0.7 %
Average Growth Rate (2017-2022)
0.9 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
15.3%
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
44228
Labor Force Growth
1.84%
Unemployment
1554
Unemployment Rate
3.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
71.5%
Employment Rate (with Bachelor's Degree)
81.2%
Employment Rate (75+ y.o.)
5.9%
Employment Rate (Black)
51.9%
Employment Rate (Female)
63.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
2474
Number of Employment
30696
Annual Average Wages
$ 45075
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 54525
Service-providing (avg pay)
$ 41184
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 56081
Household Income (Median)
$ 76624
Per Capita Income
$ 32678
Per Capita Income Growth (2010-2022)
46.3 %
Gini Index
0.4618*
Poverty Rate
13.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov