Alabama Economy

Alabama is an economically stable state and indulges in agriculture, manufacturing, mining, fishing along with other services to maintain its economic standing. Most of the agricultural revenue is generated by livestock products and a part of it is contributed by production, distribution and selling of crops.

Alabama Agriculture

Alabama has contributed significantly to the broiler requirements in the United States of America. It has been ranked third, after Georgia and Arkansas, in producing chicken for consumption for the country. The last official record states that Alabama met 12% of the nation’s chicken requirements.

Cattle and calves hold a major stake in livestock production and account for 11% of the total contribution in the agricultural economy. Cattle rearing is a popular occupation but is concentrated in the center of the state. Aquaculture and dairy farming are also profitable occupations that the people of Alabama engage in.

Crop production in Alabama accounts for only 4% of the total national produce but it is an important part of the economy of the state. Obstacles in farming in the early 1900’s forced the people to think of alternate means of raising finance. However, growing cotton remained an important aspect of agriculture in Alabama.

Amongst fruits, Alabama is known to produce superior quality peaches, apples, nectarines, grapes, strawberries and blueberries. Within the vegetables, the state produces potatoes, sweet potatoes, sweet corn and tomatoes.

Alabama Manufacturing

Alabama has a host of products that are taken as raw materials and are manufactured to add value to them. Besides that, the state also produces many products, from scratch, and contributes to the economy on the whole.

Value added manufacturing products include chemicals, paper, iron and steel. Chemicals make up an essential part of the state’s manufacturing regime and one can see a regular production of chemical fibers, industrial chemicals, fertilizers and insecticides. Besides that, the state produces finished good for the publishing and paper industry like cardboards, tissues and paper bags.

Alabama is also known to produce automobiles, trucks, aircraft engines and military equipments. Amongst others, the state produces clothing, computer and electronic equipment (communications), fabricated metal products (hardware, containers, architectural metals), machinery (heating and air conditioning equipment, metal working machinery), rubber (tires) and plastic products, textiles (fabrics, threads and yarns), and wood products (lumber, plywood, veneers).

Alabama Mining

Amongst the most important products that are mined in Alabama, natural gas, petroleum, coal, limestone and crushed stone rank the highest. Other products include clay, salt, sand, gravel, bauxite and marble. The state has abundant supply of these products all through its huge expanse but they are specifically found in the following areas:

  • Coal: North Central part of the state.
  • Natural gas & petroleum: Southwest part of the state.
  • Limestone: Birmingham and Huntsville.

Alabama Fishing

Alabama is home to a thriving fishing business. One can find a wide variety of fish in the state that includes but is not limited to buffalo fish, catfish, mussels etc. These are caught around the Gulf of Mexico and support the well flourished fishing industry.

Alabama Services

Services have recently started contributing significantly to the economy of the state of Alabama. Generally, a trend is noticed where service providing industries are based in urban areas. This is also the case with Alabama. Along with agriculture and other economically viable occupations, being employed in the service industry is contributing extravagantly to the economy of the state.

The most popular service providing industries in the state include business, personal health, law firms, software developers, engineering companies, whole sellers of grocery, machinery, mined products and retailers of auto dealerships, food stores etc.

The governmental agencies also help in contributing to the economy and public schools, hospitals, and military come in third for playing a significant part in the economy. Besides the industries mentioned above, Alabama has a strong back up of other industries that include the finance sector, insurance and real estate industries. Transportation, communication and other basic utilities fit in as the last few spokes that complete the wheel of economy.

Alabama Economy Statistics

Employment Status
Population 16 years and over 3,450,542 100.0
In labor force 2,061,169 59.7
Civilian labor force 2,047,100 59.3
Employed 1,920,189 55.6
Unemployed 126,911 3.7
Percent of civilian labor force 6.2 (X)
Armed Forces 14,069 0.4
Not in labor force 1,389,373 40.3
Females 16 years and over 1,816,176 100.0
In labor force 959,488 52.8
Civilian labor force 957,380 52.7
Employed 890,702 49.0
Own children under 6 years 336,150 100.0
All parents in family in labor force 196,160 58.4
Commuting To Work
Workers 16 years and over 1,900,089 100.0
Car, truck, or van -- drove alone 1,576,882 83.0
Car, truck, or van -- carpooled 234,020 12.3
Public transportation 9,496 0.5
Walked 25,360 1.3
Other means 15,028 0.8
Worked at home 39,303 2.1
Mean travel time to work (minutes) 24.8 (X)
Employed civilian population 16 years and over 1,920,189 100.0
Occupation
Management, professional, and related occupations 566,325 29.5
Service occupations 259,106 13.5
Sales and office occupations 497,262 25.9
Farming, fishing, and forestry occupations 14,855 0.8
Construction, extraction, and maintenance occupations 217,200 11.3
Production, transportation, and material moving occupations 365,441 19.0
Industry
Agriculture, forestry, fishing and hunting 37,310 1.9
Construction 145,809 7.6
Manufacturing 352,566 18.4
Wholesale trade 70,055 3.6
Retail trade 233,742 12.2
Transportation and warehousing 101,588 5.3
Information 42,754 2.2
Finance, insurance, real estate, rental and leasing 110,743 5.8
Professional, management, administrative 136,580 7.1
Educational, health and social services 370,274 19.3
entertainment, accommodation and food services 122,333 6.4
Other services 97,520 5.1
Public administration 98,915 5.2
Class of Worker
Private wage and salary workers 1,496,538 77.9
Government workers 298,434 15.5
Self-employed workers in own not incorporated business 119,345 6.2
Unpaid family workers 5,872 0.3
Income in 1999
Households 1,737,385 100.0
Less than $10,000 250,526 14.4
$10,000 to $14,999 140,880 8.1
$15,000 to $24,999 257,393 14.8
$25,000 to $34,999 236,732 13.6
$35,000 to $49,999 286,612 16.5
$50,000 to $74,999 298,347 17.2
$75,000 to $99,999 134,135 7.7
$100,000 to $149,999 85,987 4.9
$150,000 to $199,999 22,171 1.3
$200,000 or more 24,602 1.4
Median household income (dollars) 34,135 (X)
With earnings 1,337,097 77.0
Mean earnings (dollars) 46,719 (X)
With Social Security income 486,287 28.0
Mean Social Security income (dollars) 10,374 (X)
With Supplemental Security Income 104,173 6.0
Mean Supplemental Security Income (dollars) 5,686 (X)
With public assistance income 38,964 2.2
Mean public assistance income (dollars) 2,108 (X)
With retirement income 311,581 17.9
Mean retirement income (dollars) 17,110 (X)
Families 1,223,185 100.0
Less than $10,000 103,257 8.4
$10,000 to $14,999 72,749 5.9
$15,000 to $24,999 160,921 13.2
$25,000 to $34,999 166,800 13.6
$35,000 to $49,999 223,079 18.2
$50,000 to $74,999 256,566 21.0
$75,000 to $99,999 120,781 9.9
$100,000 to $149,999 78,002 6.4
$150,000 to $199,999 19,965 1.6
$200,000 or more 21,065 1.7
Median family income (dollars) 41,657 (X)
Per capita income (dollars) 18,189 (X)

Median earnings (dollars):

   
Male full-time, year-round workers 32,383 (X)
Female full-time, year-round workers 22,518 (X)
Poverty Status in 1999 (Below Poverty Level)
Families 153,113 (X)
Percent below poverty level (X) 12.5
With related children under 18 years 113,695 (X)
Percent below poverty level (X) 18.2
With related children under 5 years 51,692 (X)
Percent below poverty level (X) 21.9
Families with female householder, no husband present 85,644 (X)
Percent below poverty level (X) 35.6
With related children under 18 years 73,882 (X)
Percent below poverty level (X) 44.6
With related children under 5 years 33,426 (X)
Percent below poverty level (X) 56.6
Individuals 698,097 (X)
Percent below poverty level (X) 16.1
18 years and over 460,216 (X)
Percent below poverty level (X) 14.3
65 years and over 86,276 (X)
Percent below poverty level (X) 15.5
Related children under 18 years 233,961 (X)
Percent below poverty level (X) 21.2
Related children 5 to 17 years 164,899 (X)
Percent below poverty level (X) 20.3
Unrelated individuals 15 years and over 196,748 (X)
Percent below poverty level (X) 30.3

Alabama Cost of Living (2006)

Cost of Living Indexes Alabama USA
Overall 80.71 100
Food 96.08 100
Housing 53.17 100
Utilities 92.5 100
Health 91.00 100
Miscellaneous 99.08 100
Transportation 95.50 100

Top Highest-Paid States (2006 Year)

Rank State The mean hourly wage The mean annual wage
1 District of Columbia $30 $61,500
... ... ... ...
40 Kentucky $16 $33,490
41 Alabama $16 $33,440
42 South Carolina $16 $33,400
... ... ... ...
54 Puerto Rico $11 $23,190

Jobs / Salaries in Alabama (2006 Year)

Rank State Jobs Hourly Annualy
1 NV Real Estate Brokers 71 None
... ... ... ... ...
38 TN Real Estate Brokers None None
39 AL Real Estate Brokers None None
40 NY Real Estate Brokers None None
... ... ... ... ...
47 VI Real Estate Brokers None None