The invention provides a fabricated subway station and a construction method thereof, and relates to the field of subway stations. The fabricated subway station comprises a plurality of components, wherein the plurality of components are annularly combined, the plurality of components include a bottom plate component, a bottom corner component, a side wall component, a middle plate component, a top corner component and a top plate component, concave-convex structures which are matched with one another are respectively arranged at the edges of the components, and the butt joint positions of every two adjacent components are filled with sealing structures; and embedded grooves which extend in a longitudinal direction are further formed in the edges of the components, the embedded grooves ofevery two adjacent components are oppositely formed, and connecting pieces which are used for forming opposite fastening force on every two adjacent components are installed in the embedded grooves. The opposite fastening force is formed on every two adjacent components through the connecting pieces, so that the sealing structures in the butt joint positions have good sealing effects; and a plurality of bolt structures are replaced by the complete connecting pieces, so that the bending moment is large, the force transmission is uniform, firm fastening force can be formed on every two adjacentcomponents, the high-performance waterproof requirement is met, the operation is simplified, and the construction efficiency is improved.