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Marshall County, Alabama, has an annual GDP of approximately 4.56 billion dollars, with a GDP per capita of about 46,611 dollars. The county's GDP growth rate over the last year stands at 2.7%, slightly above Alabama's overall growth rate of 1.7% and indicative of a stable economic environment. Notably, Marshall County has a significant goods-producing sector, contributing 34.7% to its GDP, which is higher than the state average of 22.2%. This suggests a robust manufacturing or agricultural base compared to other counties, such as Jefferson County, which has a lower goods-producing contribution at 12.8%. Overall, while Marshall County's economic indicators are modest compared to larger counties, its growth and sector contributions reflect a resilient local economy within Alabama.
Marshall County, AL exhibits an employment rate of 69.6% 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 80.6%, again surpassing the state figure of 82.6% but trailing the national average of 84.3%. Notably, the employment rate for high school graduates in Marshall County is 63.5%, which is higher than Alabama's average of 63.3%. Comparatively, Marshall County's employment rates for Black individuals (55.8%) and females (62.1%) are also above the state averages of 52.5% and 64.3%, respectively. This suggests that while Marshall County is performing reasonably well within Alabama, it still faces challenges in reaching national benchmarks, particularly for higher education employment.
Marshall County, AL exhibits a mean household income of $58,272 and a median household income of $77,500, which are below the state averages of $59,609 and $82,992, respectively. The county's income per capita stands at $29,509, indicating a lower economic output per individual compared to the state average of $33,344. Additionally, Marshall County has a Gini index of 0.4567, suggesting a moderate level of income inequality, slightly better than the state average of 0.4797. In comparison to neighboring counties, Marshall County's income levels are lower than those in Madison and Shelby Counties, which have significantly higher mean incomes. This data highlights the economic challenges faced by Marshall County, particularly in attracting higher-income households, as evidenced by 15.7% of households earning less than $20,000.