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Economy





Top Employers - 2004
Cooper Lighting
Fayette Community Hospital Inc
Matsushita Electric Corp of America
Photocircuits
World Airways Inc
(In alphabetical order.)
  • In the year 2004, the average weekly wage for employment sectors in the county was $645, compared to the statewide average of $728.
  • In 2004, the total number of employees located in Fayette County was 36,551. Of the total employees, 20.2% were employed in the goods producing sector, followed by 65.6% in the service producing sector and 14.0% employed in government. Statewide, the service producing industry is the largest employment sector, contributing 65.4% of the state’s jobs.
  • Between 2000 and 2004, Fayette County's annual unemployment rate averaged 2.7%, compared with the state's average of 4.4%. Nationally, the unemployment rate for the same period averaged 5.5%.
  • The county per capita personal income in 2004 was $38,492, compared to $29,782 for Georgia and $33,050 for the United States.
  • Fayette County's median household income in 1999 was $71,227, compared to the state's median household income of $42,433. Nationally, the median household income in 1999 was $41,994.
  • During 1999, 2.6% of the county's population lived below the poverty level, compared with Georgia's rate of 13.0% and the national rate of 12.4%. In addition, 2.8% of the children under the age of 18 lived below the poverty level in Fayette County. Nationally, 16.6% of the population under the age of 18 years lived below the level of poverty.
  • Residents of Fayette County received total government transfer payments amounting to $2,927 per capita in 2003, compared to $3,762 per capita statewide. Transfer payments include retirement and disability insurance benefit payments, medical benefits, unemployment insurance benefits, and veteran's benefits payments.
  • According to the Georgia Department of Revenue's Net Property and Utility Digest, Fayette County's assessed property value amounted to $4.3 billion in 2004, resulting in a per capita assessed property value of $43,375. At the state level, per capita assessed property value in 2004 equaled $31,373.

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