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Economy Profile

Tuscaloosa County

  • Alabama State
  • October, 2024
TSAC-CFD-01125

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 12693193
AVG Real Growth (2017-2022)
0.04 %
Unemployment Rate (May, 2024)
3.3 %
Labor Force Size
108108
Number of Businesses
5241
Average Annual Wage
$ 57672

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 12693193
GDP Per Capita
$ 54816
GDP Growth Rate (2022)
-1.8 %
Average Growth Rate (2017-2022)
0.04 %
Goods Producing Contribution (%)
33.4%
Service Providing Contribution (%)
46.9%
Goverment Contribution
19.7%
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
108108
Labor Force Growth
2.39%
Unemployment
3527
Unemployment Rate
3.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
71.9%
Employment Rate (with Bachelor's Degree)
86.5%
Employment Rate (75+ y.o.)
6.7%
Employment Rate (Black)
59.5%
Employment Rate (Female)
67.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
5241
Number of Employment
97726
Annual Average Wages
$ 57672
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 76767
Service-providing (avg pay)
$ 44865
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 61645
Household Income (Median)
$ 82543
Per Capita Income
$ 32141
Per Capita Income Growth (2010-2022)
42.6 %
Gini Index
0.4713*
Poverty Rate
16.7 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov