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Lee County, Alabama, with an annual GDP of approximately 8.26 billion dollars and a GDP per capita of 47,142 dollars, demonstrates a robust economic performance, particularly with a notable GDP growth rate of 4.6% in the last year, outpacing the state average of 1.7%. This growth is supported by a balanced economic structure, with 16.7% of its GDP coming from goods-producing sectors and 60.4% from service-providing sectors, alongside a significant government contribution of 22.8%. Compared to other counties in Alabama, Lee County's GDP per capita is lower than Jefferson and Madison Counties, which boast higher figures of 86,076 dollars and 82,902 dollars, respectively. However, its growth rate indicates a positive trend, suggesting potential for future economic expansion and competitiveness within the state.
Lee County, AL exhibits a 69.2% employment rate for individuals aged 20-64, which is slightly above the state average of 68.7% but below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 83.5%, aligning closely with Alabama's 82.6% and indicating a strong correlation between education and employment. However, Lee County's high school graduate employment rate of 65.3% is notably higher than Alabama's 63.3%, suggesting better job opportunities for this demographic. Comparatively, Lee County's employment rates for Black individuals (53.3%) and females (66.1%) are also above the state averages of 52.5% and 64.3%, respectively, highlighting a relatively inclusive labor market. Overall, while Lee County shows positive trends, it still faces challenges in matching national employment levels.
Lee County, AL exhibits a mean household income of $59,288 and a median household income of $84,719, which are below the state averages of $59,609 and $82,992, respectively. The county's income per capita stands at $33,083, slightly higher than the state average but significantly lower than the national average of $41,261. Notably, Lee County has a higher income inequality, as indicated by its Gini index of 0.5130, compared to Alabama's 0.4797. Additionally, 20.6% of households earn less than $20,000, which is notably higher than the state average of 16.6%. This suggests that while Lee County has some affluent households, it also faces challenges with lower-income residents, reflecting a diverse economic landscape that may require targeted policy interventions to address income disparities.