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Economic Atlas
Places/KY/Fayette
County profile

Fayette

United States · GDP 2024
#202 of 3,127 US counties by GDP56th-percentile growthmore diversified than 89% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$28.9B
GDP growth
+4.9%
Jobs tracked
171,507
Employers
9,295
Avg. wage
$62.6k
Population
329,751
Labor & formation
Unemployment
4.0%
Median HH income
$69.5k±$1.7k
Business applications
7,030 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Somnigroup International IncConsumer Defensive$7.5B72B2Valvoline Inc.Energy$1.7B63C3Ramaco Resources, Inc.Energy$536.6M49D

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
Health care33%
Food & accommodation18%
Retail trade17%
Professional services11%
Admin & support10%
Construction10%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
329,751
residents · 2025 · +2.2% since 2020
Income per capita $69.1k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−11,015
International migration+14,094
Natural change+4,211

GDP trend

2019–2024 · nominal
$21.4B
2019
$21.1B
2020
$22.8B
2021
$25.3B
2022
$27.6B
2023
$28.9B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$293.5k±$5.6k
Median gross rent
$1.2k/mo±$18/mo
Vacancy rate
6.2%±0.5%
Affordability
4.7× wages
Residential permits
1,052 (3.2/1k pop)
FEMA risk score
92.0
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Tornado 98Cold wave 97Winter weather 96
FHFA HOUSE PRICE INDEX · 2016–2025
434
2016
460
2017
486
2018
506
2019
526
2020
582
2021
667
2022
751
2023
787
2024
823
2025

Transport access

BTS · FAA · USACE
Nearest interstate
2.7 km
I-64
Nearest freight rail
0.6 km
RJCC
Nearest port
21.9 km
VALLEY VIEW FERRY, MADISON-JESSAMINE
Nearest commercial airport
13.2 km
BLUE GRASS
Filing activity
SEC EDGAR

15 filings from 3 companies here in the last 90 days.

8-KValvoline Inc.06-30
8-KRamaco Resources, Inc.06-25
8-KRamaco Resources, Inc.06-15
8-KRamaco Resources, Inc.06-10
8-KSomnigroup International Inc06-04
8-KRamaco Resources, Inc.05-28
8-KSomnigroup International Inc05-15
10-QRamaco Resources, Inc.05-11
8-KRamaco Resources, Inc.05-11
10-QSomnigroup International Inc05-08
Wage trend
BLS QCEW · 2019–2023
$62.6k
avg. annual pay · +24% since 2019
Similar US counties
nearest by GDP
Dauphin$28.9BLancaster$28.8BPassaic$29.1BAllen$29.1BLarimer$28.5BChatham$28.5B
The read

Fayette's economy produced $28.9B in 2024, growing 4.9% year over year — about the middle of the pack among US counties. Its largest employment sector is health care.

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.
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