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Economy Profile

Macon County

  • Alabama State
  • October, 2024
TSAC-CFD-01087

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 637744
AVG Real Growth (2017-2022)
0.3 %
Unemployment Rate (May, 2024)
4.6 %
Labor Force Size
8422
Number of Businesses
303
Average Annual Wage
$ 53288

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 637744
GDP Per Capita
$ 33219
GDP Growth Rate (2022)
3.6 %
Average Growth Rate (2017-2022)
0.3 %
Goods Producing Contribution (%)
12.5%
Service Providing Contribution (%)
38.9%
Goverment Contribution
48.6%
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
8422
Labor Force Growth
4.7%
Unemployment
388
Unemployment Rate
4.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
56.5%
Employment Rate (with Bachelor's Degree)
85%
Employment Rate (75+ y.o.)
4.5%
Employment Rate (Black)
44.3%
Employment Rate (Female)
58.3%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
303
Number of Employment
4654
Annual Average Wages
$ 53288
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 63346
Service-providing (avg pay)
$ 32638
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 41206
Household Income (Median)
$ 57338
Per Capita Income
$ 22449
Per Capita Income Growth (2010-2022)
37.1 %
Gini Index
0.4853*
Poverty Rate
25.0 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov