Places/TN/Shelby County, TN
County profile

Shelby County, TN

United States · GDP 2024
#60 of 3,127 US counties by GDP38th-percentile growthmore diversified than 98% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$88.4B
BEA · 2024
GDP growth (YoY)
+3.2%
BEA · 2024
Jobs tracked
446,048
Census CBP · 2023
Employers
19,359
Census CBP · 2023
Avg. wage
$70.2k
BLS QCEW · 2023
Population
910,226
Census PEP · 2025
Labor, income & education
Unemployment
5.1%
Median HH income
$63.8k±$1.3k
Bachelor's degree+
34.3%±0.7%
Poverty rate
17.8%±0.6%
Business applications
16,497 · 2025
Retail establishments
2,910
31.8/10k pop
Industry mix · employment
Health care25%
Transportation21%
Retail trade15%
Food & accommodation14%
Admin & support12%
Management12%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
910,226
residents · 2025 · -2.1% since 2020
Income per capita $65.4k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration54,243
International migration+23,779
Natural change+10,840

GDP trend

20192024 · nominal
$67.8B
2019
$67.9B
2020
$75.4B
2021
$80.1B
2022
$85.7B
2023
$88.4B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$249.1k±$4.3k
Median gross rent
$1.2k/mo±$12/mo
Vacancy rate
10.3%±0.4%
Affordability
3.6× wages
Residential permits
$418.4M
1,230 units · 1.4/1k pop
FEMA risk score
99.4
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Cold wave 100Tornado 100Heat wave 100
FHFA HOUSE PRICE INDEX · 20162025
343
2016
364
2017
388
2018
412
2019
435
2020
489
2021
572
2022
594
2023
599
2024
599
2025
RESIDENTIAL PERMITS · 20212025
-40% since 2021
2,059
2021
1,870
2022
1,964
2023
2,061
2024
1,230
2025

Transport access

BTS · FAA · USACE
Nearest interstate
1.5 km
I-40
Nearest freight rail
0.4 km
CSXT
Nearest port
2.4 km
Memphis-Shelby County Port, TN
Nearest commercial airport
17.5 km
FREDERICK W SMITH INTL/MEMPHIS
Waterborne tonnage, host port(s) (CY2023):7,195,444 short tons/yr · Memphis-Shelby County Port, TN
Wage trend
BLS QCEW · 20192023
$70.2k
avg. annual pay · +22% since 2019
Nearby & same-state counties
by GDP rank
Davidson$116.9BKnox$43.6BWilliamson$38.8BHamilton$37.3B
The read

What is the GDP of Shelby?

Shelby's economy produced $88.4B in 2024, growing 3.2% year over yearslower than 62% of 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.