LotsCap

Economy Profile

St. Clair County

  • Alabama State
  • October, 2024
TSAC-CFD-01115

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 2530093
AVG Real Growth (2017-2022)
0.94 %
Unemployment Rate (May, 2024)
2.7 %
Labor Force Size
43380
Number of Businesses
1827
Average Annual Wage
$ 49762

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 2530093
GDP Per Capita
$ 27585
GDP Growth Rate (2022)
1.5 %
Average Growth Rate (2017-2022)
0.94 %
Goods Producing Contribution (%)
28%
Service Providing Contribution (%)
60%
Goverment Contribution
12%
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
43380
Labor Force Growth
1.5%
Unemployment
1189
Unemployment Rate
2.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
72%
Employment Rate (with Bachelor's Degree)
87.3%
Employment Rate (75+ y.o.)
1.7%
Employment Rate (Black)
54.9%
Employment Rate (Female)
68%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1827
Number of Employment
21121
Annual Average Wages
$ 49762
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 64052
Service-providing (avg pay)
$ 43021
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 73218
Household Income (Median)
$ 88263
Per Capita Income
$ 33571
Per Capita Income Growth (2010-2022)
51.3 %
Gini Index
0.4081*
Poverty Rate
10.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov