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Personal income last published on November 16, 2017.
Personal Income for Fayette
Fayette is one of 95 counties in Tennessee. It is part of the Memphis, TN-MS-AR Metropolitan Statistical Area. Its 2016 population of 39,590 ranked 40th in the state.
Per Capita Personal Income
In 2016, Fayette had a per capita personal income (PCPI) of $50,209. This PCPI ranked 3rd in the state and was 116 percent of the state average, $43,326, and 102 percent of the national average, $49,246. The 2016 PCPI reflected an increase of 3.1 percent from 2015. The 2015-2016 state change was 2.8 percent and the national change was 1.6 percent. In 2006, the PCPI of Fayette was $37,195 and ranked 4th in the state. The 2006-2016 compound annual growth rate of PCPI was 3.0 percent. The compound annual growth rate for the state was 2.8 percent and for the nation was 2.6 percent.
Per Capita Personal Income, 2016
Per Capita Income as a Percent of the United States
| Fayette | ||
| Tennessee | ||
Personal Income
In 2016, Fayette had a personal income of $1,987,755*. This personal income ranked 27th in the state and accounted for 0.7 percent of the state total. In 2006, the personal income of Fayette was $1,326,643* and ranked 31st in the state.
*Personal income estimates are in thousands of dollars, not adjusted for inflation.
| 2015-2016 percent change | 2006-2016 CAGR | |
|---|---|---|
| Fayette | 4.1 % | 4.1 % |
| Tennessee | 3.7 % | 3.7 % |
| U.S. | 2.3 % | 3.4 % |
| CAGR: compound annual growth rate | ||
Components of Personal Income
Personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Fayette.
2015-2016 percent change
| Fayette | Tennessee | U.S. | |
|---|---|---|---|
| Net earnings | 4.8 % | 4.5 % | 2.5 % |
| Dividends, interest, and rent | 1.9 % | 2.3 % | 1.2 % |
| Personal current transfer receipts | 3.0 % | 2.1 % | 3.1 % |
2006-2016 CAGR
| Fayette | Tennessee | U.S. | |
|---|---|---|---|
| Net earnings | 3.3 % | 3.2 % | 2.8 % |
| Dividends, interest, and rent | 6.3 % | 3.9 % | 3.7 % |
| Personal current transfer receipts | 6.4 % | 5.4 % | 5.5 % |
| CAGR: compound annual growth rate | |||
Percent Contribution to Personal Income
| Fayette | Tennessee | United States | |
|---|---|---|---|
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| 2016 | 
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| Net earnings by place of residence | |||
| Dividends, interest, and rent | |||
| Personal current transfer receipts | |||