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Labor Market Area
Most of the demographic and workforce data that follow include totals for the community's labor market area. The map below is provided for you reference.
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Labor market counties are composed of counties which exist within a 60-minute drive range of the originating county’s county seat. A county will be included within the radius if the centroid point of a county (a point representing the center of the geographic area of a county) falls within the drive zone. Additionally, all contiguous counties will be classified as part of the labor market with the exception of non-Kentucky contiguous counties which have been excluded by the above mentioned 60-minute drive range and have a border with the Mississippi and/or Ohio Rivers.

 


Dated Material

This document contains material that is continuously updated on the Kentucky Cabinet for Economic Development's website.
For the most current information for this community please visit:


Contacts

Local

Sandy Romenesko
Economic Development Director
Mt. Sterling/Montgomery County Industrial Authority
126 West Main Street
Mt. Sterling, KY 40353
Phone: 859-498-5400
FAX: 859-498-3947
WEB: www.mtsterlingchamber.com/economic-development
E-mail: sandy@mtsterlingchamber.com

State

Amy Bowman
Project Coordinator
Kentucky Cabinet for Economic Development
Old Capitol Annex
300 West Broadway
Frankfort, KY 40601 USA

Phone: 502-564-7670 ext. 22001
Fax: 502-564-3256
Web: http:///www.thinkkentucky.com
Email: Amy.Bowman@ky.gov

 


 

Quick Facts

 
[Hlink_eussm]
  Industrial Electric Cost Per KWH, 2017
Kentucky $0.0558
U.S. $0.0691

 

Statistical Summary
  Population 2017
Montgomery County 27,928
Labor Market Area 750,202
   
 
Per Capita Personal Income 2016 $32,866
Median Household Income 2016 $39,750
Median Home Price 2017 $118,500
   
  Unemployment Rate 2018
Montgomery County 6.0%
Labor Market Area 4.0%
U.S. 3.9%
   
  Average Weekly Wage 2017
Montgomery County $726
Labor Market Area $841
U.S. $1,042


 

 

Location

 

 

Selected Market Centers

Percent of U.S. Within 600 Miles of Mt. Sterling


Population
51%

Personal Income
52%

Retail Sales
50%

Manufacturing Employment
56%

Highway Distance to Selected Market Centers
    City Miles   City Miles   City Miles  
  1. Atlanta, GA 390 11. Dallas, TX 906 21. Nashville, TN 248  
  2. Baltimore, MD 503 12. Detroit, MI 377 22. New Orleans, LA 778  
  3. Birmingham, AL 438 13. Houston, TX 1,028 23. New York, NY 677  
  4. Boston, MA 886 14. Indianapolis, IN 220 24. Norfolk, VA 541  
  5. Buffalo, NY 490 15. Jacksonville, FL 728 25. Oklahoma City, OK 864  
  6. Charlotte, NC 408 16. Kansas City, MO 612 26. Omaha, NE 802  
  7. Chicago, IL 400 17. Lexington, KY 35 27. Philadelphia, PA 600  
  8. Cincinnati, OH 96 18. Louisville, KY 107 28. Pittsburgh, PA 365  
  9. Cleveland, OH 303 19. Memphis, TN 451 29. St. Louis, MO 369  
  10. Columbus, OH 163 20. Minneapolis, MN 808 30. Wichita, KS 808  
  Population Source: U.S. Census Bureau, Population Division, 2008 population estimate
Personal Income Source: 2007 Regional Economic Accounts, Bureau of Economic Analysis (BEA), US Dept of Commerce
Retail Sales Source: 2002 Economic Census, US Census Bureau
Manufacturing Employment Source: 2007 County Business Patterns, US Census Bureau
Highway Distance Source: ESRI Arcview StreetMap, 2007
 

 


 

 

Sites

 
Available Industrial Sites
Click on a site point for details
      Min. Distance To  
    Site ID Site Name Total Ac. Largest Possible Tract Rail Interstate/Parkway Airport  
  Shovel-ready 173-001 Woodland Industrial Park 139.5 100.5 No 0 41  

 


 

 

Buildings

 
Available Industrial Buildings
Click on a building point for details
  Bldg. ID Building Name Square Feet Ac. Min. Ceiling Ht. Rail  
  173-016 Lexington Metals 310 Flint Dr 270,000 N/A 34.0' minimum No  
  173-018 Regal Beloit Building (aka A O Smith) 246,980 N/A 20.0' minimum No  
  173-017 Pentair Building 195,600 N/A 24.0' minimum No  
  173-019 Build Ready Site_173-001 100,000 50.0 99.0' minimum No  
  173-020 502 Wilmont Road 22,905 N/A 14.0' minimum No  
Note: A "+" symbol following the building name denotes a secondary building.
Special Purpose Buildings

 


 

 

Demographics

 

 

  Total Population  
    2013 2014 2015 2016 2017  
  Labor Market Area 722,003 727,616 735,484 742,188 750,202  
  Montgomery County 27,266 27,391 27,631 27,771 27,928  
 Mt. Sterling7,0977,1547,2127,2427,209 
  Source: U.S.  Department of Commerce, Bureau of the Census, Annual Estimates.  

  Population by Selected Age Groups, 2017  
    Montgomery County Labor Market Area  
Number Percent Number Percent  
  Under 16 5,823 20.9 147,100 19.6  
  16-24 2,979 10.7 111,999 14.9  
  25-44 7,277 26.1 197,020 26.3  
  45-64 7,471 26.8 187,168 24.9  
  65-84 3,917 14.0 94,941 12.7  
  85 and older 461 1.7 11,974 1.6  
  Median Age 39.6   36.7    
  Source: U.S. Department of Commerce, Bureau of the Census.  

  Population by Race and Hispanic Origin, 2017  
    Montgomery County Labor Market Area  
Number Percent Number Percent  
  White 26,536 95.0 651,081 86.8  
  Black or African American 780 2.8 64,178 8.6  
  Am. Indian & Alaska Native 84 0.3 2,333 0.3  
  Asian 113 0.4 16,746 2.2  
  Native Hawaiian & other Pacific Islander 19 0.1 422 0.1  
  Other/Multirace 396 1.4 15,442 2.1  
  Hispanic Origin 814 2.9 34,990 4.7  
  Note: Hispanic is not a race category. A person can be white, black or African American, etc. and be of hispanic origin.
Source: U.S.  Department of Commerce, Bureau of the Census.
 

  Population Projections  
    2020 2025 2030 2035  
  Montgomery County 29,421 31,241 33,051 34,810  
  Source:  Kentucky State Data Center, University of Louisville.  

  Per Capita Personal Income 2015  
    2011 2016 Pct. Change  
  Montgomery County $27,696 $32,866 18.7 %  
  Kentucky $33,989 $38,926 14.5 %  
  U.S. $41,560 $49,246 18.5 %  
  Labor Market Area Range $22,752- $39,950 $26,404- $45,025    
  Source: U.S. Department of Commerce, Bureau of Economic Analysis.  

  Households  
    2016 2016  
  Number of Households Persons Per Household Median Household Income  
  Montgomery County 10,212 2.64 $39,750  
  Source: U.S. Department of Commerce, Bureau of the Census.  

 


 

 

Workforce

 

 

 

  Civilian Labor Force  
    Montgomery County Labor Market Area  
  2018 Apr. 2019 2018 Apr. 2019  
  Civilian Labor Force 11,663 11,584 373,310 376,120  
  Employed 10,967 11,022 358,465 363,079  
  Unemployed 696 562 14,845 13,041  
  Unemployment Rate (%) 6.0 4.9 4.0 3.5  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Montgomery County Labor Market Area Kentucky U.S.  
  2014 7.5 5.7 6.5 6.2  
  2015 6.6 4.7 5.4 5.3  
  2016 6.3 4.3 5.0 4.9  
  2017 6.6 4.4 4.9 4.4  
  2018 6.0 4.0 4.3 3.9  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Montgomery County 2015 Percent  
  Working and Residing In County 4,322 40.3  
  Commuting Out of County 6,401 59.7  
  Total Residents 10,723 100.0  
  Employees in  
  Working and Residing In County 4,322 42.0  
  Commuting Into County 5,976 58.0  
  Total Employees 10,298 100.0  
  Source: U.S. Department of Commerce, Bureau of the Census, Journey-To-Work & Migration Statistics Branch.  
  Note: Data for Kentucky and its border states only.  

 

     
  Average Weekly Wage, 2017  
    Montgomery County Kentucky
(Statewide)
U.S.  
 Total All Industries$726$845$1,042 
 Total Private Industries7578651,064 
 Natural Resources and Mining9181,0491,086 
 Construction9761,0111,155 
 Manufacturing8971,1081,272 
 Trade, Transportation and Utilities527789881 
 Information6471,0442,011 
 Financial Activities8541,2361,752 
 Professional and Business Services1,0449311,377 
 Education and Health Services838906940 
 Leisure and Hospitality280327441 
 Other Services and Unclassified581626734 
  Source: JobsEQ, Chmura Economics.  

 


 

 

Education & Training

 

 

  Four-Year Colleges and Universities Within 60 Miles of Mt. Sterling  
  Institutions engaged in furnishing academic courses and granting degrees at baccalaureate or graduate levels.  
  Miles Institution Location Enrollment
(Fall 2018)
 
  Morehead State University at Mt. Sterling  Mt. Sterling  N/A  
  28  Employment Solutions-College for Technical Education  Lexington  N/A  
  28  Indiana Wesleyan University - Lexington Education Center  Lexington  N/A  
  28  Lexington Theological Seminary  Lexington  66  
  28  Sullivan University, Lexington Campus  Lexington  N/A  
  28  Transylvania University  Lexington  966  
  28  University of Kentucky  Lexington  29,465  
  29  Eastern Kentucky University  Richmond  16,612  
  29  Morehead State University  Morehead  10,580  
  35  Georgetown College  Georgetown  1,767  
  38  Berea College  Berea  1,670  
  41  Asbury Theological Seminary  Wilmore  1,660  
  41  Asbury University  Wilmore  † 1,990  
  41  Midway University  Midway  1,217  
  51  Kentucky State University  Frankfort  1,926  
  54  Centre College  Danville  1,450  
  58  Kentucky Christian University  Grayson  688  
      Total Enrollments 70,057  
  Note: Miles are calculated as straight-line distance, not highway miles.
† Denotes enrollment for entire institution, including branch campuses; otherwise, enrollment is for specified campus.
Source:  Kentucky Cabinet for Economic Development.
 

  Two-Year Colleges Within 60 Miles of Mt. Sterling  
  Institutions engaged in furnishing academic, or academic and technical, courses and granting associate degrees, certificates, or diplomas below the baccalaureate level.  
  Miles Institution Location Enrollment
(Fall 2018)
 
  Maysville Community & Tech College, Montgomery Campus  Mt. Sterling  N/A  
  14  Bluegrass Community & Technical College, Winchester - Clark Co. Campus  Winchester  N/A  
  28  American National University- Lexington KY Campus  Lexington  233  
  28  Bluegrass Community & Technical College, Cooper Campus  Lexington  9,478  
  28  Bluegrass Community & Technical College, Leestown Campus  Lexington  N/A  
  28  Bluegrass Community & Technical College, Newtown Pike Campus  Lexington  N/A  
  29  Maysville Community & Tech College, Licking Valley Campus  Cynthiana  N/A  
  29  Maysville Community & Technical College, Rowan Campus  Morehead  N/A  
  35  Bluegrass Community & Technical College, Advanced Manufacturing Center  Georgetown  N/A  
  40  Maysville Community & Technical College, Main Campus  Maysville  † 3,495  
  46  Hazard Community & Technical College, Lees College Campus  Jackson  N/A  
  52  Bluegrass Community & Technical College, Lawrenceburg Campus  Lawrenceburg  N/A  
  54  Bluegrass Community & Technical College, Danville Campus  Danville  N/A  
      Total Enrollments 13,206  
  Note: Miles are calculated as straight-line distance, not highway miles.
† Denotes enrollment for entire institution, including branch campuses; otherwise, enrollment is for specified campus.
Source:  Kentucky Cabinet for Economic Development.
 

  Kentucky Technical Schools Within 60 Miles of Mt. Sterling  
    Enrollment (2017-2018)  
  Miles Institution Location Sec P/S Total  
  Montgomery County ATC  Mt. Sterling  507 N/A 507  
  14  Clark County ATC  Winchester  733 N/A 733  
  28  Eastside Technical Center  Lexington  966 N/A 820  
  28  Southside Technical Center  Lexington  709 N/A 709  
  29  Harrison County ATC  Cynthiana  746 N/A 746  
  29  Madison County ATC  Richmond  825 N/A 825  
  35  Elkhorn Crossing School  Georgetown  863 N/A 863  
  36  Lee County ATC  Beattyville  395 N/A 395  
  37  Jessamine Career and Technology Center  Nicholasville  3802 N/A 3802  
  38  Morgan County ATC  West Liberty  669 N/A 669  
  40  Mason County ATC  Maysville  181 N/A 181  
  44  Jackson County ATC  McKee  455 N/A 455  
  45  Carter County Career and Technical Center  Olive Hill  285 N/A 285  
  46  Breathitt County ATC  Jackson  411 N/A 411  
  46  Garrard County ATC  Lancaster  346 N/A 346  
  50  Foster Meade Career and Technical Center  Vanceburg  936 N/A 936  
  51  Franklin County Career and Technical Center  Frankfort  900 N/A 900  
  53  Trailblazer Academy  Harrodsburg  292 N/A 292  
  53  Rockcastle County ATC  Mount Vernon  442 N/A 442  
  54  Lincoln County ATC  Stanford  332 N/A 332  
      Total Enrollments 14,795     14,649   
  Note: Miles are calculated as straight-line distance; not highway miles.  Kentucky Tech secondary schools, called Area Technology Centers (ATC), are operated by the Department of Education, Office of Career and Technical Education. Other secondary schools are operated locally by public school districts. Secondary student enrollment is listed under Sec, and post-secondary student enrollment is listed under P/S.
Source:  KY Cabinet for Workforce Development; KY Dept. of Education.
 

 


 

 

Business & Industry

 

 

  Summary of Recent Locations and Expansions, 2016-Present  
    Reported  
    Companies Jobs Investment  
 Manufacturing Location00$0 
 Manufacturing Expansion6116$40,230,000 
 Service & Technology Location00$0 
 Service & Technology Expansion330$6,064,000 
  Click here for detailed location and expansion information.
Note: Totals include announced locations and expansions.
Source: Kentucky Cabinet for Economic Development (June 02, 2019).
 
  Employment by Major Industry by Place of Work, 2017  
    Montgomery County Labor Market Area  
  Employment Percent Employment Percent  
 Total All Industries11,499100.0364,291100.0 
 Total Private Industries9,22380.2272,91374.9 
 Natural Resources and Mining460.43,7791.0 
 Construction3793.315,3394.2 
 Manufacturing3,66631.943,08411.8 
 Trade, Transportation and Utilities1,95117.062,88217.3 
 Information930.83,3640.9 
 Financial Activities3633.211,6153.2 
 Professional and Business Services4614.042,56211.7 
 Education and Health Services1,0839.443,17211.9 
 Leisure and Hospitality9568.338,98010.7 
 Other Services and Unclassified2272.08,1342.2 
  Source: JobsEQ, Chmura Economics.  
     
  Top 20 by Employment  
  Firm Product(s)/Service(s) Emp. Year
Established
 
 Jeffersonville 
 Metrie IncKiln dried hardwood lumber & millwork. Interior trim, finger jointed & solid, residential mouldings, picture frame mouldings, and shutter components1001994 
 Mt. Sterling 
 Affinity ApparelDistribution center: imagewear retail sales distributor. We provide uniforms for the transportion, security, petroleum industries as well as many other service oriented companies.811991 
 Big Rapids Products IncManufacture stainless steel products for exhaust systems and decorative trim for the automotive industry (metal stampings off presses with tonnage from 70-2000 tons)952010 
 BMC Contracting LLCCommercial and utility line clearing, vegetation management, snow removal, sign installation, dust suppresssion services. 481998 
 Central Kentucky Corrugated SpecialistsCorrugated boxes, partitions, and pads301995 
 Cooper Standard AutomotiveMolded & extruded rubber products, reinforced rubber hoses & automotive parts6001996 
 Fibreform Containers IncMolded pulp packaging211996 
 Gateway Manufacturing IncContract manufacturing: indoor wooden gates; contract packaging & assembly; wooden shipping crates; small retail crates.341995 
 Greif IncPlastic drums351985 
 Kyosan Denso Manufacturing Kentucky LLC (KDMK)Assembles automotive fuel systems and fuel pump modules, valves6512003 
 Masco CabinetryWooden & laminated cabinets3001994 
 Nestle Prepared FoodsSpecialty microwaveable sandwiches (Hot Pockets®)11371993 
 Olympic Steel IncProcessing, machining, and handling of steel between producers and manufacturers652011 
 Precision Resource IncManufactures fine blanked precision stampings1551996 
 Rogers Foam CorporationPolyurethane & polyethylene foam products, servicing industries including high-tech, office products, medical transportation, sports and leisure, military and automotive.551997 
 Ruth Hunt Candy CoChocolate, creams & novelties, chocolate bars, bourbon chocolates, Woodford Reserve bourbon confections, Blue Monday chocolate bar.211921 
 Ryder SCSDistribution center for Nestle402009 
 Summit Polymers IncInjection molded thermoplastic automotive products1761993 
 The Walker Company of KY IncHQ construction co for ready-mixed concrete301934 
 Vogelsang CorporationSteel products such as coil pins and roll pins ranging from 17 to 40 tons452013 
  Source: Kentucky Cabinet for Economic Development (June 02, 2019).  

 


 

 

Taxes

 

 

  State Property Tax Rates Per $100 Valuation, 2016  
  Selected Class of Property State Rate Local Taxation
Permitted
 
  Real Estate $0.1220 Yes  
  Manufacturing Machinery $0.1500 No  
  Pollution Control Equipment $0.1500 No  
  Inventories:  
      Raw Materials $0.0500 No  
      Goods in Process $0.0500 No  
      Finished Goods $0.0500 Yes  
      Goods-In-Transit Exempt Limited  
  Motor Vehicles $0.4500 Yes  
  Other Tangible Personal Property $0.4500 Yes  
  Source: Kentucky Department of Revenue.  
     
  Local Property Tax Rates Per $100 Valuation  
  Taxing Jurisdiction Property Taxes
Per $100 Valuation
   
  Real Estate Tangibles Motor Vehicles  
  County  
  Montgomery $0.3280 $0.4351 $0.3292    
  City  
  Jeffersonville $0.0000 $0.0000 $0.0000    
  Mt. Sterling $0.2520 $0.2520 $0.2440    
  School District  
  Montgomery County Schools $0.5130 $0.5170 $0.4630    
  Source: Kentucky Revenue Cabinet. Tax Years: County Property Tax(es) for 2017; City Property Tax(es) for 2008 - 2017; School District Property Tax(es) for 2017  
     
  Local Occupational License Taxes, 2017  
  Cities, counties and school districts may levy an occupational license tax on the net profits of businesses and/or on the salaries and wages of employees earned in the jurisdiction. Rates can vary between the two types of occupational license taxes. Occupational license taxes may be levied on businesses as either a flat rate schedule or as a percentage of apportioned net profits or gross receipts. Where both the city and county levy an occupational license tax, a credit may be given, at the option of the local governments, for the amount paid to the city against the occupational license tax of the county. (Consult local jurisdictions for further details.)  
  Taxing Jurisdiction   Tax Rate on
Salaries/Wages
  Tax Rate on
Net Profits/Receipts
 
  County  
  Montgomery   1.00%   1.00% (on net profits)  
  City  
  Jeffersonville   1.00%   1.00% (on net profits)  
  Mt. Sterling   No tax   No tax  
  School District  
  Montgomery County Schools   No tax   No tax  
  Source: Occupational Taxes Spreadsheet - Kentucky Secretary of State, Local Tax Listing - Kentucky Personnel Cabinet   
     

 


 

 

Regulations & Permits

 
 

Kentucky Public Protection Cabinet
Department of Housing, Buildings and Construction

Permitting Information: http://www.dhbc.ky.gov/
 
  Typical Building Permits Responsible Division # of plans Time Frame (Days)  
  Site Plan Building Code Enforcement 1 7-30  
  Building/Life Safety Building Code Enforcement 1 7-30  
  Plumbing Plumbing 3 7  
  Fire Protection Fire Prevention 1 7-30  
  Fire Alarm and Monitoring Fire Prevention 1 7-30  
  Fuel Tanks Fire Prevention
Hazardous Materials Section
1 7  
     

 

Kentucky Department for Environmental Protection
Permits, Fees, Regulatory Times, and Contacts

Permitting Program Information:
http://dca.ky.gov/DCA%20Resource%20Document%20Library/KyDEPCommonPermits2.17.14.pdf
 
     

 

 

Utilities

 

 

 
Utilities Providing Service In Montgomery County
  Electric  
 East Kentucky Power Cooperative - 859-744-4812 
    Clark Energy Cooperative - 859-744-4251 
 Kentucky Utilities (a PPL company) - 800-383-5582 
     
  Natural Gas  
 Columbia Gas of Kentucky Inc - 859-288-0227 
 Delta Natural Gas Company - 859-744-6171 
     
  Sewer  
  Treatment Information (gallons per day) Capacity Avg. Flow Excess  
 Mt. Sterling Water and Sewer System - 859-498-0166 
 Hinkston Creek Wastewater Treatment Plant3,000,0002,020,000980,000 
  Treatment information provided by Division of Water, 502-564-3410
 
  Water  
  System Information (gallons per day) Capacity Avg. Use Excess  
 Mt. Sterling Water and Sewer System - 859-498-01664,300,0003,194,1681,105,832 
  System information provided by Division of Water, 502-564-3410  

 


 

 

Quality of Life

 

 

  General Kentucky Quality of Life Information  
  http://www.thinkkentucky.com/kyedc/qualityoflife.aspx  
  Median Home Price (2017): Montgomery County - $118,500 for 175 homes  
  Source: KY Department of Revenue. Data based on sales for last six months of year indicated.  
  Climate  
  Temperature    
  Normal (30-year record) 55.5 degrees  
  Average Annual, 2017 58 degrees  
  Record Highest, July 2012 (73-year record) 105 degrees  
  Record Lowest, January 1963 (73-year record) -21 degrees  
  Normal Heating Degree Days (30-year record) 4,611  
  Normal Cooling Degree Days (30-year record) 1,190  
  Precipitation    
  Normal (30-year record) 45.17 inches  
  Mean Annual Snowfall (30-year record) 13 inches  
  Total Precipitation, 2017 49.17 inches  
  Mean Number of Days Precipitation (0.01 inch or more) (30-year record) 129.8  
  Mean Number of Days Thunderstorms (70-year record) 39.7  
  Prevailing Winds South  
  Relative Humidity (30-year record)    
  1 a.m. 79 percent  
  7 a.m. 83 percent  
  1 p.m. 61 percent  
  7 p.m. 66 percent  
  Note: Heating degree day totals are the sums of positive departures of average daily temperature from 65 degrees F.  Cooling degree day totals are the sum of negative departures of average daily temperature from 65 degrees F.
Source: U.S. Department of Commerce, National Climatic Data Center, Local Climatological Data, 2017.
Station of record: Blue Grass Airport, Lexington, KY.
 
     
  Public School District Enrollments, 2016-2017  
    Total Enrollment Pupil To Teacher Ratio  
  Montgomery County Schools 4,628 14.7  
  Source: Kentucky Department of Education, Office of Assessment and Accountability.