"inhabitants of rural areas," by 1722, a hybrid from country + folk. Earlier it meant "fellow-citizen, countryman" (1540s).
Entries linking to country-folk
country n.
mid-13c., "(one's) native land;" c. 1300, "any geographic area," sometimes with implications of political organization, from Old French contree, cuntrede "region, district, country," from Vulgar Latin *(terra) contrata "(land) lying opposite," or "(land) spread before one," in Medieval Latin "country, region," from Latin contra "opposite, against" (see contra-). The native word is land.
Also from c. 1300 as "area surrounding a walled city or town; the open country." By early 16c. the word was applied mostly to rural areas, as opposed to towns and cities. Meaning "inhabitants of a country, the people" is from c. 1300.
INTERVIEWER [Steve Rossi]: "Would you say you're the best fighter in the country?
PUNCH-DRUNK BOXER [Marty Allen]: "Yeah, but in the city they murder me."
As an adjective from late 14c., "peculiar to one's own country (obsolete); by 1520s as "pertaining to or belonging to the rural parts of a region," typically with implications of "rude, unpolished."
Country air "fresh air" is from 1630s. First record of country-and-western as a music style is by 1942, American English. Country music is by 1968. Country club "recreational and social club, typically exclusive, located in or near the country" is by 1886. Country mile "a long way" is from 1915, American English. Country-mouse is from 1580s; the fable of the mouse cousins is as old as Aesop. Country road "road through rural regions" is from 1873.
folk n.
Old English folc "common people, laity; men; people, nation, tribe; multitude; troop, army," from Proto-Germanic *fulka- (source also of Old Saxon folc, Old Frisian folk, Middle Dutch volc, Dutch volk, Old High German folc, German Volk "people"). Perhaps originally "host of warriors:" Compare Old Norse folk "people," also "army, detachment;" and Lithuanian pulkas "crowd," Old Church Slavonic pluku "division of an army" (hence Russian polk "regiment"), both believed to have been borrowed from Proto-Germanic. Old English folcstede could mean both "dwelling-place" and "battlefield." According to Watkins, from PIE *ple-go-, suffixed form of root *pele- (1) "to fill," which would make it cognate with Greek plethos "people, multitude," and Latin plebes, "the populace, the common people." Boutkan thinks both the Germanic and Balto-Slavic could be a common borrowing from a substrate language.
Superseded in most senses by people. Generally a collective noun in Middle English, however plural folks is attested from 15c. Old English folc was commonly used in forming compounds (59 are listed in the Clark Hall dictionary), such as folccwide "popular saying," folcgemot "town or district meeting;" folcwoh "deception of the public." Modern use of folk as an adjective is from c. 1850 (see folklore).