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Limestone County, Alabama, has demonstrated a robust economic performance with an annual GDP of approximately 5.79 billion dollars and a GDP per capita of 55,543 dollars. The county's GDP growth rate over the last year stands at an impressive 5.2%, significantly outpacing the state growth rate of 1.7% and the national rate of 1.9%. Over the past 13 years, Limestone County has also maintained a compound annual growth rate (CAGR) of 4.46%, indicating a strong upward trend. The goods-producing sector contributes 23% to the GDP, while the service sector accounts for 59%, reflecting a balanced economic structure. Compared to other counties in Alabama, Limestone's economic indicators, particularly its growth rate, position it favorably, especially against counties like Tuscaloosa, which experienced a decline in GDP growth.
Limestone County, AL, exhibits an employment rate of 69.9% 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 83.4%, aligning closely with Alabama's 82.6% and the national figure of 84.3%. Notably, the high school graduate employment rate in Limestone County is 61.5%, which is higher than Alabama's 63.3% but lower than the national average of 67.9%. The employment rates for Black individuals (54.8%) and females (61%) also reflect a similar trend, being higher than the state averages of 52.5% and 64.3%, respectively. Overall, while Limestone County shows positive employment trends, it still faces challenges compared to national benchmarks, indicating room for improvement in workforce participation.
Limestone County, AL, exhibits a robust economic profile with a mean household income of $80,146 and a median household income of $99,315, both of which surpass state averages ($59,609 mean, $82,992 median) and are significantly higher than national figures ($75,149 mean, $105,833 median). The county's income per capita stands at $37,504, indicating a relatively strong economic position compared to other counties in Alabama, such as Mobile County ($55,352 mean) and Calhoun County ($54,339 mean). Additionally, Limestone County's income inequality, as measured by the Gini index (0.4272), is lower than both the state (0.4797) and national (0.4829) averages, suggesting a more equitable income distribution. The presence of 9.8% of households earning over $200K further highlights its economic vitality, positioning Limestone County favorably within Alabama's economic landscape.