ExecutivePulse
Official Federal Data

Fayette County, Tennessee

FIPS 47047 · Memphis, TN-MS-AR · Population 43,267
9 Sources Updated June 22, 2026
$88,456
Median Income
$80,734 national
3.6%
Unemployment
4% national
$2B
GDP
27.3%
Bachelor's+
35.7% national

Demographics & Population

Census Bureau American Community Survey 2020-2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$88,456
Per Capita
$43,490
Mean Household
$107,294
Poverty Rate
10.3%
Median Income Comparison
Fayette County$88,456
Tennessee$69,595
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 23% (9,938 residents) 55-64: 16.9% (7,306 residents) 35-54: 24.3% (10,502 residents) 18-34: 17.9% (7,758 residents) Under 18: 17.9% (7,763 residents) 47 Median Age
Cohorts
Under 18 · 17.9%
18-34 · 17.9%
35-54 · 24.3%
55-64 · 16.9%
65+ · 23%
Race & Ethnicity
White65.9%
Black or African American25.1%
Asian0.7%
Hispanic or Latino(any race)3.8%
Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
91.7%
High School+
National: 89.6%
▲ +2.1 pts
27.3%
Bachelor's+
National: 35.7%
▼ 8.4 pts
7.9%
Graduate+
National: 14.1%
▼ 6.2 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
43,267
Population
21,672
Labor Force
Employed
20,602
Unemployment Rate BLS LAUS 2025 annual
3.6% ▲ +0.1 pts YoY
Mean Commute 8 min above national avg
34.1 min
Work From Home vs 15.1% national
12%
Key Takeaways
  • Talent gap: Bachelor's-or-higher attainment trails the national average by 8.4 pts, relevant for advanced-services attraction strategy.
  • Aging population: Median age of 47 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$2B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Fayette County, Tennessee, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Manufacturing
1,456 23.2%
$70,195
2Retail Trade
960 15.3%
$34,278
3Construction
795 12.7%
$75,127
4Wholesale Trade
628 10.0%
$84,330
5Accommodation and Food Services
617 9.8%
$30,498
6Health Care and Social Assistance
560 8.9%
$43,313
7Administrative and Support and Waste Management
536 8.5%
$53,016
8Finance and Insurance
290 4.6%
$81,120
9Other Services (except Public Administration)
222 3.5%
$40,726
10Professional, Scientific, and Technical Services
209 3.3%
$104,301
Track industry shifts with AI

ExecutivePulse monitors WARN notices, BLS changes, and SEC filings for your top employers.

Learn More
Key Takeaways
  • Largest sector: Manufacturing employs 1,456 workers (23.2% of tracked sectors), at an average wage of $70,195.
  • Economic scale: Regional GDP of $2B (2024).
  • Wage stratification: Professional, Scientific, and Technical Services averages $104,301 while Accommodation and Food Services averages $30,498, a 3.4x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
Seeing a change here?

EP customers get year-over-year deltas, WARN notices, and SEC filings for every sector tracked above, surfaced as proactive alerts, not after-the-fact news.

Get Deeper Trends

Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Plastics and Rubber Products Manufacturing
9.79x
369
Chemical Manufacturing
8.95x
430
Nonmetallic Mineral Product Manufacturing
6.38x
142
Machinery Manufacturing
4.00x
234
Heavy and Civil Engineering Construction
3.42x
218
Merchant Wholesalers, Durable Goods
3.09x
566
Fabricated Metal Product Manufacturing
2.57x
197
Gasoline Stations and Fuel Dealers
2.55x
144
Waste Management and Remediation Services
2.30x
64
Wood Product Manufacturing
2.27x
49

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Manufacturing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
1,421
Cluster Employment
9.79x
Peak LQ
Concentrated Sub-Sectors
Plastics and Rubber Products Manufacturing
9.79x 369
Chemical Manufacturing
8.95x 430
Nonmetallic Mineral Product Manufacturing
6.38x 142
Machinery Manufacturing
4.00x 234
Heavy and Civil Engineering Construction
3.42x 218
Merchant Wholesalers, Durable Goods
3.09x 566
Fabricated Metal Product Manufacturing
2.57x 197
Gasoline Stations and Fuel Dealers
2.55x 144
Waste Management and Remediation Services
2.30x 64
Wood Product Manufacturing
2.27x 49

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.36x
Professional, Scientific, and Technical Services
209 employed
0.41x
Ambulatory Health Care Services
198 employed
0.42x
Social Assistance
113 employed
Key Takeaways
  • Top specialization: Plastics and Rubber Products Manufacturing concentrates at 9.79x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
  • Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Fayette County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$340,800
Median Home Value vs 2019
$902
Rent/Mo
81.4%
Owner-Occ
6.9%
Vacancy
3.9x
Home Value to Income Ratio
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$1,060/mo
1 Bedroom
$1,154/mo
2 Bedroom
$1,274/mo
3 Bedroom
$1,683/mo
4 Bedroom
$1,959/mo
30% of monthly median household income (~$2,211/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • In line with national: Home value to income ratio of 3.9x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
  • High home ownership: 81.4% owner-occupied; rental supply may be tight for incoming workers.
  • Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,211/mo), a clear cost-of-living advantage for workforce attraction.
Source: Census ACS housing tables + HUD Fair Market Rents.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
25,566
Working Age (18-64) vs 2019
Mean Commute 8 min above national avg
34.1 min
Work From Home vs 15.1% national
12%
Prime-Age Employed (25-54)
79.4%
of prime-age population
Labor force participation rate: 61% of working-age population (18-64) 61% Participation
▲ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
27.3%
HS Diploma+
91.7%
Regional / Statewide Institutions
Total credentials awarded
26,245/yr
The University of Tennessee-Knoxville 8,049/yr
University of Memphis 4,862/yr
Middle Tennessee State University 4,677/yr
East Tennessee State University 3,604/yr
The University of Tennessee-Chattanooga 2,551/yr
Tennessee Technological University 2,502/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
28.6%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
40%
Service
11.7%
Sales & Office
21.9%
Construction / Maint.
10%
Production / Transport
16.5%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 20,602 employed workers.
Key Takeaways
  • Succession risk is real: 28.6% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
  • Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 17,588 annual credentials.
Source: ACS workforce data and College Scorecard.

AI Insights

AI-assisted analysis, drawn from 9 federal data sources

Sample AI Insight

Fayette County shows strong potential for plastics and rubber products manufacturing attraction, with a 9.79x concentration and 369 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 28.6% of the working-age population within 10 years of retirement age.

The interconnected base across plastics and rubber products manufacturing, chemical manufacturing, and nonmetallic mineral product manufacturing creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100

Prospect Match Scores

Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example

Take it further

AI Insights: Built into ExecutivePulse. Continuous analysis tied to your own pipeline: industry-shift signals, prospect matches, retention prompts.

Managed Services: Prefer to hand it off? Our team delivers the analysis and consulting for you.

Schedule a Demo
Available as premium offerings.

Data Sources

Updated from official federal government data.

Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23

Frequently Asked Questions

Key economic and demographic figures for Fayette County, Tennessee, from federal data sources.

What is the population of Fayette County, Tennessee?

43,267 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Fayette County, Tennessee?

$88,456 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Fayette County, Tennessee?

3.6% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Fayette County, Tennessee?

$2B (U.S. Bureau of Economic Analysis, CAGDP1).