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Economy Profile

Tallapoosa County

  • Alabama State
  • October, 2024
TSAC-CFD-01123

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1703561
AVG Real Growth (2017-2022)
2.02 %
Unemployment Rate (May, 2024)
3.5 %
Labor Force Size
18004
Number of Businesses
1039
Average Annual Wage
$ 45401

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1703561
GDP Per Capita
$ 41297
GDP Growth Rate (2022)
3 %
Average Growth Rate (2017-2022)
2.02 %
Goods Producing Contribution (%)
19.3%
Service Providing Contribution (%)
68.4%
Goverment Contribution
12.3%
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
18004
Labor Force Growth
2.79%
Unemployment
632
Unemployment Rate
3.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
59.9%
Employment Rate (with Bachelor's Degree)
66.6%
Employment Rate (75+ y.o.)
4.5%
Employment Rate (Black)
46%
Employment Rate (Female)
52.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1039
Number of Employment
12705
Annual Average Wages
$ 45401
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 52855
Service-providing (avg pay)
$ 41822
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 53282
Household Income (Median)
$ 71359
Per Capita Income
$ 29682
Per Capita Income Growth (2010-2022)
31.7 %
Gini Index
0.4892*
Poverty Rate
16.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov