LotsCap

Economy Profile

Madison County

  • Kentucky State
  • October, 2024
TSAC-CFD-21151

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 3617556
AVG Real Growth (2017-2022)
0.72 %
Unemployment Rate (May, 2024)
5 %
Labor Force Size
47675
Number of Businesses
2854
Average Annual Wage
$ 51011

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 3617556
GDP Per Capita
$ 38917
GDP Growth Rate (2022)
2.4 %
Average Growth Rate (2017-2022)
0.72 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
17.6%
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
47675
Labor Force Growth
3.43%
Unemployment
2366
Unemployment Rate
5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
72.4%
Employment Rate (with Bachelor's Degree)
84.1%
Employment Rate (75+ y.o.)
10.4%
Employment Rate (Black)
62.3%
Employment Rate (Female)
69.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
2854
Number of Employment
35614
Annual Average Wages
$ 51011
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 67831
Service-providing (avg pay)
$ 44802
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 59797
Household Income (Median)
$ 79635
Per Capita Income
$ 31290
Per Capita Income Growth (2010-2022)
45.3 %
Gini Index
0.4484*
Poverty Rate
16.1 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov