LotsCap

Economy Profile

Limestone County

  • Alabama State
  • October, 2024
TSAC-CFD-01083

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 5787499
AVG Real Growth (2017-2022)
4.46 %
Unemployment Rate (May, 2024)
2.7 %
Labor Force Size
51037
Number of Businesses
1873
Average Annual Wage
$ 59061

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 5787499
GDP Per Capita
$ 55543
GDP Growth Rate (2022)
5.2 %
Average Growth Rate (2017-2022)
4.46 %
Goods Producing Contribution (%)
23%
Service Providing Contribution (%)
59%
Goverment Contribution
18%
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
51037
Labor Force Growth
1.89%
Unemployment
1368
Unemployment Rate
2.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.9%
Employment Rate (with Bachelor's Degree)
83.4%
Employment Rate (75+ y.o.)
6.5%
Employment Rate (Black)
54.8%
Employment Rate (Female)
61%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1873
Number of Employment
32474
Annual Average Wages
$ 59061
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 65566
Service-providing (avg pay)
$ 47763
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 80146
Household Income (Median)
$ 99315
Per Capita Income
$ 37504
Per Capita Income Growth (2010-2022)
56.2 %
Gini Index
0.4272*
Poverty Rate
11.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov