Jamie Stitt

Assistant Commissioner, Business and Workforce Development

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
Do Business in Tennessee
I am a:

Fayette County

County Profile Tool
Fayette County

Population & Demographics

Location

Time Zone

Central Time Zone

Grand Division

West Tennessee

Area (Square Miles)

704.1

County Seat

Somerville

Metropolitan Area

Memphis, TN-MS-AR

ECD Region

Memphis

Population

Population

(2020)

41,990

Population

(2022)

42,228

Population Change

(2020 - 2022)

0.6%

Population Forecast

(2040)

47,806

Foreign Born Population

1,031

Foreign Born Persons (Percentage of Population)

2.40%

Language Other Than English Spoken At Home

3.50%

Civilian Veteran Population

3,082

Race (Percentage of Population)

White Alone

67.30%

Black or African American, alone

27.00%

American Indian And Alaska Native, alone

0.30%

Asian, alone

0.70%

Native Hawaiian or Other Pacific Islander, alone

0.00%

Some Other Race, alone

2.00%

Two or More Races

2.70%

Hispanic or Latino

3.20%

Age (Percentage of Population)
Male
Female
Total

Under 5 Years Old

Male: 4.80%

Female: 0.047

Total: 4.80%

Under 18 Years Old

Male: 19.30%

Female: 17.50%

Total: 18.40%

18-64 Years Old

Male: 60.10%

Female: 59.20%

Total: 59.60%

65 Years and Over

Male: 20.60%

Female: 23.30%

Total: 22.00%

Median Age

Male: 46.8

Female: 46.1

Total: 47.8

Sources:
U.S. Census Bureau, 2018-2022 5-Year American Community Survey
U.S. Bureau of Labor Statistics
Tennessee State Data Center (2024)

Housing & Income

Housing & Income

Households

16,416

Homeownership Rate

81.6%

Persons Per Household

2.54

Living In Same House 1 Year & Over

90.6%

Median Home Value

$282,600

Annual Home Sales

702

Median Sale Price of Homes Sold

$358,490

Persons In Households With Income Below Poverty Level

9.7%

Total Personal Income

$3.2B

Personal Income Per Capita

$73,510

County Median Wage

$19.56

Household Income & Benefits
Percent of Household

Less Than $10,000

3.1%

$10,000 to $14,999

2.7%

$15,000 to $24,999

8.3%

$25,000 to $34,999

7.5%

$35,000 to $49,999

9.9%

$50,000 to $74,999

15.1%

$75,000 to $99,999

14.0%

$100,000 to $149,999

19.2%

$150,000 to $199,999

10.2%

$200,000 or More

10.0%

Median Household Income

$81,074

Percentage of Households by Income Range

Sources:
U.S. Census Bureau, 2018-2022 5-Year American Community Survey
Tennessee Housing Development Agency (2023)
U.S. Bureau of Economic Analysis (2023)
Lightcast (2023)

Tax Structure

Property Tax

Property Tax Rate (County)

$1.2915

State Property Tax

None

Assessment Ratio: Residential Property

25%

Assessment Ratio: Farm Property

25%

Assessment Ratio: Commercial/Industrial Property

40%

Assessment Ratio: Public Utility Property

55%

Assessment Ratio: Business Personal Property

30%

State Tax

State Income Tax on Wages

None

State Income Tax: Interest from Bonds and Notes and Dividends from Stock

None (Hall Income tax was fully repealed January 1, 2021)

Excise Tax (State)

6.5% of Tennessee taxable income

Franchise Tax (state)

0.25% of the greater of net worth or real and tangible property in Tennessee. The minimum tax is $100.

Unemployment Insurance Tax (state)

2.7% of the first $7,000 in wages for new employers

Sales Tax

State Sales Tax Rate

7.0%

County Sales Tax Rate

2.25% - 2.75%

Local Sales Tax Collections

(FY 2023)

$16,922,305

Local Sales Tax Collections

(FY 2024)

$16,538,098

Local Sales Tax Collections Growth

(FY 2023 - FY 2024)

2.32%

State Bond Ratings

Moody's

Aaa

Standard & Poor's

AAA

Fitch

AAA

Debt per Capita

State Debt per Capita

$988

County Debt Per Capita

$478

Sources:
Tennessee Comptroller of the Treasury (2024)
Tennessee Department of Revenue (2024)
The Tax Foundation (2024)

Labor Force

Labor Force Estimates (2023)
Tennessee
Fayette

Labor Force

Tennessee: 3,379,605

Fayette: 19,008

Employment

Tennessee: 3,267,935

Fayette: 18,318

Unemployment

Tennessee: 111,670

Fayette: 690

Unemployment Rate

Tennessee: 3.30%

Fayette: 3.60%

Unemployment Rate*
Tennessee
Fayette

2019

Tennessee: 7.40%

Fayette: 6.20%

2020

Tennessee: 4.50%

Fayette: 4.30%

2021

Tennessee: 3.40%

Fayette: 3.50%

2022

Tennessee: 3.30%

Fayette: 3.60%

Unemployment Rate (by percentage)

Sources:
U.S. Bureau of Labor Statistics

Industries

Industry
Employment
Establishments
Avg. Annual Wages

Crop and Animal Production

Employment: 123

Establishments: 19

Avg. Annual Wages: $45,267

Mining, Quarrying, and Oil and Gas Extraction

Employment: 20

Establishments: 2

Avg. Annual Wages: $47,687

Utilities

Employment: 35

Establishments: 1

Employment: $97,828

Construction

Employment: 629

Establishments: 91

Employment: $60,196

Manufacturing

Employment: 1,939

Establishments: 58

Employment: $59,551

Wholesale Trade

Employment: 273

Establishments: 38

Employment: $68,760

Retail Trade

Employment: 919

Establishments: 75

Employment: $34,055

Transportation and Warehousing

Employment: 241

Establishments: 40

Employment: $56,749

Information

Employment: 75

Establishments: 11

Employment: $60,135

Finance and Insurance

Employment: 279

Establishments: 44

Employment: $69,349

Real Estate and Rental and Leasing

Employment: 39

Establishments: 15

Employment: $47,334

Professional, Scientific, and Technical Services

Employment: 173

Establishments: 60

Employment: $72,348

Management of Companies and Enterprises

Employment: 53

Establishments: 6

Employment: $248,900

Administrative, Support, Waste Management and Remediation

Employment: 681

Establishments: 43

Employment: $48,269

Educational Services

Employment: 170

Establishments: 6

Employment: $34,224

Health Care and Social Assistance

Employment: 457

Establishments: 68

Employment: $38,025

Arts, Entertainment, and Recreation

Employment: 38

Establishments: 7

Employment: $23,984

Accommodation and Food Services

Employment: 613

Establishments: 38

Employment: $24,128

Other Services (except Public Administration)

Employment: 287

Establishments: 45

Employment: $31,062

Government

Employment: 1,367

Establishments: 36

Employment: $44,666

Total

Employment: 8,416

Establishments: 704

Employment: $50,208

Unique Occupations*
Employment
Location Quotient*

Engine and Other Machine Assemblers

Employment: 132

Location Quotient*: 46.46

Coil Winders, Tapers, and Finishers

Employment: 23

Location Quotient*: 32.42

Chemical Equipment Operators and Tenders

Employment: 123

Location Quotient*: 19.73

Foundry Mold and Coremakers

Employment: 16

Location Quotient*: 19.56

Forging Machine Setters, Operators, and Tenders, Metal and Plastic

Employment: 12

Location Quotient*: 16.43

Key Cluster
Total Employment

Advanced Materials

19

Aerospace & Defense

0

Appliances & Electrical

58

Automotive

246

Business Services

125

Chemicals

581

Distribution & Logistics

275

Film, Music & Entertainment

0

Food & Beverage

35

Healthcare & Medical Devices

24

Top Employers

Top County Employers
Estimated Employees
City

Fayette County Schools

Est. Employees: 500

City: Somerville

Memphis Contract Packaging, Inc.

Est. Employees: 264

City: Somerville

Fayette County Government

Est. Employees: 250

City: Somerville

Eggo Company

Est. Employees: 206

City: Rossville

Coilmaster Corporation

Est. Employees: 192

City: Moscow

Walmart Inc.

Est. Employees: 150

City: Oakland

The Troxel Company

Est. Employees: 130

City: Moscow

The Kroger Co

Est. Employees: 118

City: Oakland

Precision Coils

Est. Employees: 100

City: Somerville

Somerville Health Care

Est. Employees: 100

City: Somerville

Transportation & Logistics

Transportation

Nearest Commercial Service Airport

Memphis International

Distance to Nearest Commercial Service Airport

45

Daily Flights At Nearest Commercial Service Airport

494

Nearest General Aviation Airport

Fayette County

Runway Length at Nearest General Aviation Airport

5,000'

Mean Travel Time to Work (Minutes)

34.4

Access of Interstate

I-40

U.S. Highways

64, 70, 79

State Highways

1, 15, 18, 57, 59, 76, 86, 193, 194, 195, 196, 222, 385

Nearest Port (From County Seat)

Memphis

Railroads Serving County

CSX, Mississippi Central Railroad, NS

Sources:
Tennessee Department of Transportation
Federal Aviation Administration, Aeronautical Data (2024)
U.S. Census Bureau, 2018-2022 5-Year American Community Survey

Education

General Stats
Fayette
Tennessee

Population Aged 25-64 With High School Degree Or Higher

Fayette: 91.0%

Tennessee: 91.5%

Population Aged 25-64 With Associate's Degree Or Higher

Fayette: 34.7%

Tennessee: 41.2%

Population Aged 25-64 With Bachelor's Degree Or Higher

Fayette: 25.1%

Tennessee: 32.8%

High School Graduation Rate

Fayette: 85.8%

Tennessee: 90.6%

College Going Rate

Fayette: 47.2%

Tennessee: 56.7%

Average ACT Score

Fayette: 16.3

Tennessee: 19.0

High School Graduation Rate
College Going Rate
Average ACT Score
Fayette County Schools
Enrollment

Elementary Schools

Enrollment: 1,496

Middle Schools

Enrollment: 675

High Schools

Enrollment: 833

Regional Higher Education Institutions
City
Enrollment

University of Memphis

City: Memphis

Enrollment: 21,917

Southwest Tennessee Community College

City: Memphis

Enrollment: 6,443

Christian Brothers University

City: Memphis

Enrollment: 1,934

Rhodes College

City: Memphis

Enrollment: 2,008

Tennessee College of Applied Technology-Memphis

City: Memphis

Enrollment: 1547

Baptist Health Sciences University

City: Memphis

Enrollment: 797

Le Moyne-Owen College

City: Memphis

Enrollment: 609

Southern College of Optometry

City: Memphis

Enrollment: 532

Tennessee College of Applied Technology-Covington

City: Covington

Enrollment: 364

Sources:
U.S. Census Bureau, 2022 1-Year American Community Survey,
U.S. Census Bureau, 2022 5-Year American Community Survey
Tennessee Department of Education (2022-2023)
National Center for Education Statistics
Tennessee Board of Regents and Tennessee Higher Education Commission

† Regional higher education institutions include those within the selected and surrounding counties.

Due to data availability, federal graduation rates were used for Clay, Fentress, and Haywood counties.

Health & Public Safety

Doctors

Number of Doctors

42

Overweight & Obesity Prevalence

Adults*

20.3

Children** (Grade 8)

42

Regional Hospitals
Number of Beds
City

{63}

Number of Beds: {65}

City: {64}

{66}

Number of Beds: {68}

City: {67}

Sources:
American Medical Association (2023)

National Center for Chronic Disease Prevention and Health Promotion

Tennessee Department of Health

† Regional hospitals include those within the selected and surrounding counties.

 

Climate

Climate

Average High Temperature

72.3°F

Average Low Temperature

50.8°F

Average Annual Temperature

61.6°F

Annual Rainfall

58.19"

Elevation (at County Seat)

393'

Prevailing Winds

South-Southwest

Sources:
National Oceanic and Atmospheric Administration (2023)

Community Information

Braden

Population (2022)

294

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.25%

Phone Number

(901) 594-5100

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Gallaway

Population (2022)

708

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$1.34

Phone Number

(901) 867-3333

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Grand Junction

Population (2019)

392

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$0.75

Phone Number

(731) 764-2871

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

La Grange

Population (2022)

81

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$1.43

Phone Number

(901) 878-1246

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Moscow

Population (2022)

685

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$2.00

Phone Number

(901) 877-3584

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Oakland

Population (2022)

7,893

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$0.52

Phone Number

(901) 465-8523

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Piperton

Population (2019)

2,142

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$0.37

Phone Number

(901) 853-4830

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Rossville

Population (2022)

906

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.16

Phone Number

(901) 853-4681

Retire Tennessee Participant

No

Tennessee Downtowns Participant

Yes

Main Street Participant

No

Somerville

Population (2022)

3,238

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$0.68

Phone Number

(901) 465-7305

Retire Tennessee Participant

No

Tennessee Downtowns Participant

Yes

Main Street Participant

No

Williston

Population (2022)

449

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.25%

Phone Number

(901) 465-9661

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Additional Community Information

ThreeStar Certified County

Yes

Sources:
Tennessee Municipal Technical Advisory Service
Tennessee Department of Revenue (2015)
Tennessee Comptroller of the Treasury (2015)
U.S. Census Bureau, 2010-2014 5-Year American Community Survey

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
615.741.1888 |
CONNECT WITH US
Partners

© Copyright 2024 TNECD. All Rights Reserved. By continuing to browse this site, you’re accepting the use of cookies. Want to know more? See our Privacy Policy.