County profile
Fayette County, TN
United States · GDP 2024
#1258 of 3,127 US counties by GDP68th-percentile growthmore diversified than 50% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$2.0B
BEA · 2024
GDP growth (YoY)
+6.0%
BEA · 2024
Jobs tracked
9,386
Census CBP · 2023
Employers
690
Census CBP · 2023
Avg. wage
$55.1k
BLS QCEW · 2023
Population
45,071
Census PEP · 2025
Labor, income & education
Unemployment
3.8%
Median HH income
$88.5k±$5.0k
Bachelor's degree+
27.3%±1.8%
Poverty rate
10.3%±2.0%
Business applications
586 · 2025
Retail establishments
99
22.2/10k 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
Admin & support31%
Manufacturing27%
Retail trade13%
Construction11%
Wholesale trade9%
Health care8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
45,071
residents · 2025 · +7.7% since 2020
Income per capita $83.5k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+3,726
International migration+22
Natural change−546
GDP trend
2019–2024 · nominal
$1.2B2019
$1.3B2020
$1.5B2021
$1.8B2022
$1.9B2023
$2.0B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$340.8k±$12.5k
Median gross rent
$902/mo±$79/mo
Vacancy rate
6.9%±1.5%
Affordability
6.2× wages
Residential permits
$132.3M
356 units · 7.9/1k pop
FEMA risk score
76.0
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Earthquake 95Tornado 89Heat wave 83
FHFA HOUSE PRICE INDEX · 2016–2025
1792016
1882017
1972018
2052019
2132020
2352021
2822022
3012023
3042024
3152025
RESIDENTIAL PERMITS · 2021–2025
↓ -27% since 20214902021
4572022
3362023
2252024
3562025
Transport access
BTS · FAA · USACE
Nearest interstate
19.4 km
I-40
Nearest freight rail
14.7 km
NS
Nearest port
46.1 km
Memphis-Shelby County Port, TN
Nearest commercial airport
45.1 km
MILLINGTON/MEMPHIS
Wage trend
BLS QCEW · 2019–2023$55.1k
avg. annual pay · +27% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Fayette?
Fayette's economy produced $2.0B in 2024, growing 6.0% year over year — faster than most US counties. Its largest employment sector is admin & support.
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.