Marshall County, Kentucky: commercial real estate data.
Marshall County, Kentucky had an estimated 31,734 residents on July 1, 2024, up 0.2 percent since the 2020 census base of 31,659, across 301 square miles. County output reached $1.76 bn in 2024, 734 establishments operate here, and the SBA record carries 16 7(a) approvals worth $10.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Marshall County
How many people live in Marshall County
- Population, American Community Survey 2020-202431,743
- Households13,209
- Average household size2.40
- Median household income$65,831
- Median age45.1
- Median gross rent$798 per month
- Median owner-occupied home value$173,800
- Home value to household income2.6 times
- Annual rent as a share of median income14.5 percent
- Adults 25 and over with a bachelor degree or higher21.2 percent
- Adults 25 and over with a graduate degree8.5 percent
- Adults 25 and over23,116
- Population under 186,388
- Share under 1820.1 percent
- Population 65 and over7,165
- Share 65 and over22.6 percent
- Working age population, 18 to 6418,190
- Civilian labor force14,603
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over57.6 percent
- Rank by population among Kentucky counties32nd of 120
- Rank by population among US county-equivalents, Puerto Rico included1427th of 3,222
Marshall County is the 32nd largest of 120 Kentucky counties by population. A median home costs 2.6 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 22.6 percent against 20.1 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Marshall County
Is Marshall County's population growing?
- Population, July 1, 202431,734
- Census 2020 base population31,659
- Population change since the 2020 census base0.24 percent
- Population change, 2023 to 202417
- Births, 2024292
- Deaths, 2024421
- Natural change, 2024-129
- Net domestic migration, 2024150
- Net international migration, 2024-3
- Total net migration, 2024147
- Cumulative net domestic migration, 2021 to 2024726
- Rank by growth among US county-equivalents1737th of 3,144
The county has grown 0.24 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Marshall County
Where are people moving to Marshall County from?
- Tax returns filed by households arriving824
- People arriving, from those returns1,532
- Tax returns filed by households leaving747
- Net household movement77
- Adjusted gross income arriving$46.8 m
- Net adjusted gross income movement$12.2 m
- Average income of an arriving household$56,843
- Average income of a leaving household$46,331
- Largest single originMcCracken County (145 households)
- Largest single destinationMcCracken County (168 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| McCracken County | 145 | 287 | $7.6 m |
| Calloway County | 105 | 198 | $4.1 m |
| Graves County | 59 | 113 | $2.3 m |
| Livingston County | 37 | 74 | $1.9 m |
Households arriving report $10,512 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is McCracken County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Marshall County
What is the Marshall County economy?
- County GDP, 2024$1.76 bn
- County GDP, 2023$1.77 bn
- GDP change, 2023 to 2024-0.7 percent
- GDP change over five years17.0 percent
- Rank by GDP among the Kentucky areas BEA publishes30th of 120
- Rank by GDP among the US county areas BEA publishes1387th of 3,127
- GDP per resident$55,439
Output grew -0.7 percent in the latest year and 17.0 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Marshall County
Employment by industry in Marshall County
- Covered employment, annual average11,710
- Establishments reporting1,051
- Average annual pay$62,678
- Average weekly wage$1,205
- Manufacturing, employment2,377
- Manufacturing, average annual pay$102,945
- Retail trade, employment1,543
- Retail trade, average annual pay$42,672
- Construction, employment1,432
- Construction, average annual pay$79,893
- Accommodation and food services, employment1,080
- Accommodation and food services, average annual pay$22,038
- Professional, scientific and technical services, employment445
- Administrative and support and waste management services, employment408
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 2,377 | 64 | $102,945 |
| Retail trade | 1,543 | 123 | $42,672 |
| Construction | 1,432 | 124 | $79,893 |
| Accommodation and food services | 1,080 | 82 | $22,038 |
| Professional, scientific and technical services | 445 | 99 | $63,637 |
| Administrative and support and waste management services | 408 | 59 | $60,631 |
| Wholesale trade | 363 | 56 | $66,328 |
| Finance and insurance | 358 | 51 | $69,471 |
Manufacturing is the largest private sector at 2,377 jobs, 20.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Marshall County
How many businesses are in Marshall County?
- Establishments, all industries734
- Employment at those establishments9,645
- Annual payroll$600.5 m
- Establishments per 1,000 residents23.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Marshall County
Building permits in Marshall County
- Housing units authorized by permit, 2024121
- Declared construction value permitted$44.0 m
- Single family units authorized98
- Multifamily units authorized23
- Multifamily share of units19.0 percent
- Average declared value per unit$363,425
- Units authorized per 1,000 households9.2
Single-family homes are 81.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Marshall County
SBA loans in Marshall County (7(a) and 504)
- 7(a) approvals recorded16
- 7(a) gross approval dollars$10.4 m
- Average 7(a) approval$651,281
- Median 7(a) approval$205,750
- Largest single approval$3,700,000
- Jobs reported supported, 7(a)138
- Jobs per approval8.6
- Distinct 7(a) lenders active9
- Distinct industries receiving approvals15
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer18.8 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter12
- Franchise loans1
- Franchise share of approvals6.3 percent
- Most active lenderU.S. Bank, National Association (6)
- 504 approvals recorded7
- 504 gross approval dollars$5.1 m
- Average 504 approval$722,571
- Median 504 approval$686,000
- Distinct CDCs active2
- 504 jobs per approval13.3
- 504 jobs per million dollars approved18.4
- Most active CDCPurchase Area Development District (6)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$15.5 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Marshall County
SBA loan default and charge-off rates in Marshall County
Do SBA loans in Marshall County get paid back?
- Loans with a final outcome recorded6
- Paid in full5
- Charged off1
- Status: Paid in full5
- Status: Charged off1
- Status: Exempt from disclosure9
- Status: Cancelled1
Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marshall County
SBA lending by place in Marshall County
- Borrower cities with recorded lending5
- Benton, approvals7
- Calvert City, approvals6
- Calvery City, approvals1
- Hardin, approvals1
- Gilbertsville, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Benton | 7 | $5,657,500 |
| Calvert City | 6 | $4,126,000 |
| Calvery City | 1 | $503,000 |
| Hardin | 1 | $105,000 |
| Gilbertsville | 1 | $29,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marshall County
How large is Marshall County?
- Land area301 sq mi
- Rank by land area among Kentucky counties64th of 120
- Width, east to west20.7 mi
- Height, north to south21.9 mi
- Geographies sharing a boundary6
- Residents per square mile of land105
- Establishments per square mile2.44
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Marshall County
Flood risk in Marshall County
- Participation of the county's own NFIP community Marshall County, unincorporated areasParticipating, community 210252
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Marshall County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Marshall County (community 210252), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Marshall County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Marshall County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Marshall County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202431,743
- Households13,209
- Average household size2.40
- Median household income$65,831
- Median age45.1
Common questions
Marshall County questions, answered from the record.
How many people live in Marshall County, Kentucky?
The Census Bureau estimates 31,734 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 31,743, in 13,209 households, ranking 32nd of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Marshall County's population growing?
The population has grown 0.24 percent since the 2020 census base of 31,659, to 31,734 on July 1, 2024. In 2024 there were 292 births against 421 deaths, with net migration of 147. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Marshall County?
$65,831. The median owner-occupied home is valued at $173,800, which is 2.6 times income, and median gross rent is $798 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Marshall County?
734 establishments, employing 9,645 people with an annual payroll of $600.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Marshall County?
Manufacturing is the largest private sector at 2,377 jobs, 20.3 percent of covered employment. Covered employment averages 11,710 jobs at an average annual pay of $62,678, or $1,205 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Marshall County?
16 7(a) approvals totaling $10.4 m since FY2020, across 9 lenders, with a median approval of $205,750, plus 7 504 approvals worth $5.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Marshall County?
121 housing units were authorized by permit in 2024, with a declared construction value of $44.0 m. Multifamily was 19.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Marshall County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Marshall County come from?
The largest single origin is McCracken County, with 145 households. Arriving households report an average income of $56,843 against $46,331 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Marshall County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Marshall County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Marshall County
Cities and places in Marshall.
4 Census places lie wholly or partly in Marshall County. All 4 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Benton | city | 4,748 | 7 | Wholly in this county |
| Calvert City | city | 2,526 | 6 | Wholly in this county |
| Hardin | city | 446 | 1 | Wholly in this county |
| Gilbertsville | CDP | 433 | 1 | Wholly in this county |
A further 1 of the county's 16 SBA 7(a) approvals are to borrowers in cities that match no Census place in Marshall County, the largest being Calvery City (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby