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Macon County, Alabama, has an annual GDP of approximately 638 million dollars, with a GDP per capita of about 33,219 dollars, which is significantly lower than the state average of 55,999 dollars and the national average of 77,754 dollars. The county's GDP growth rate for the last year stands at 3.6%, which is a positive trend compared to its 0.3% compound annual growth rate over the past 13 years. Notably, government contributions to the GDP are substantial at 48.6%, indicating a reliance on public sector employment and services. In comparison to other counties in Alabama, such as Jefferson County with a GDP of 57.9 billion dollars and a per capita GDP of 86,076 dollars, Macon County's economic performance highlights a stark disparity, emphasizing the need for economic diversification and growth strategies to enhance its economic standing.
Macon County, AL, exhibits significant challenges in employment compared to both state and national averages. With an employment rate of 56.5% for individuals aged 20-64, it falls notably below Alabama's average of 68.7% and the national rate of 73.8%. While the county boasts a relatively high employment rate of 85% for those with a Bachelor's degree, the overall employment for high school graduates is concerning at just 49.3%, significantly lower than Alabama's 63.3%. Additionally, the employment rate for Black residents in Macon County is 44.3%, which is below the state average of 52.5%. This data suggests that while educational attainment may be high, broader economic factors are limiting job opportunities, highlighting a need for targeted economic development initiatives in the region.
Macon County, AL, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $41,206 and a median household income of $57,338, it falls well below Alabama's state averages of $59,609 and $82,992, respectively. The county's income per capita of $22,449 is notably lower than the state’s $33,344 and the national average of $41,261, indicating a lower standard of living. Additionally, 27.1% of households earn less than $20,000, a stark contrast to the national figure of 12.1%. The income inequality, reflected in a Gini index of 0.4853, suggests a moderate level of income disparity. Overall, Macon County's economic indicators highlight a pressing need for development and support compared to its peers in Alabama.