County profile
Morgan County, AL
United States · GDP 2024
#508 of 3,127 US counties by GDP56th-percentile growthmore diversified than 63% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$8.4B
BEA · 2024
GDP growth (YoY)
+4.9%
BEA · 2024
Jobs tracked
47,947
Census CBP · 2023
Employers
2,684
Census CBP · 2023
Avg. wage
$58.4k
BLS QCEW · 2023
Population
126,483
Census PEP · 2025
Labor, income & education
Unemployment
3.3%
Median HH income
$68.8k±$3.2k
Bachelor's degree+
23.3%±1.3%
Poverty rate
13.5%±1.5%
Business applications
1,409 · 2025
Retail establishments
464
36.8/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Manufacturing35%
Retail trade16%
Health care16%
Construction13%
Food & accommodation12%
Professional services8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
126,483
residents · 2025 · +2.6% since 2020
Income per capita $52.3k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+2,105
International migration+1,619
Natural change−629
GDP trend
2019–2024 · nominal
$5.9B2019
$6.1B2020
$6.7B2021
$7.6B2022
$8.0B2023
$8.4B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$212.0k±$6.6k
Median gross rent
$864/mo±$26/mo
Vacancy rate
9.0%±1.0%
Affordability
3.6× wages
Residential permits
$79.1M
400 units · 3.2/1k pop
FEMA risk score
88.8
HUD Fair Market Rent (2BR):$961/mo · 2026
TOP PERILS · FEMA NRI
Tornado 98Lightning 93Earthquake 92
FHFA HOUSE PRICE INDEX · 2016–2025
2982016
3152017
3232018
3402019
3602020
4132021
4942022
5272023
5532024
5502025
RESIDENTIAL PERMITS · 2021–2025
↑ 88% since 20212132021
2682022
3172023
2292024
4002025
Transport access
BTS · FAA · USACE
Nearest interstate
4.3 km
I-65
Nearest freight rail
7.0 km
CSXT
Nearest port
18.9 km
ARDENT MILLS
Nearest commercial airport
21.6 km
HUNTSVILLE INTL-CARL T JONES FLD
Wage trend
BLS QCEW · 2019–2023$58.4k
avg. annual pay · +23% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Morgan?
Morgan's economy produced $8.4B in 2024, growing 4.9% year over year — about the middle of the pack among US counties. Its largest employment sector is manufacturing.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.