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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

Ben Hale
Executive Director
Big Sandy Area Development District
110 Resource Court
Prestonsburg, KY 41653-1842
Phone: 606-886-2374
FAX: 606-886-3382
WEB: www.bigsandy.org
E-mail: ben.hale@bigsandy.org

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
Floyd County 36,271
Labor Market Area 172,748
   
 
Per Capita Personal Income 2016 $32,994
Median Household Income 2016 $30,540
Median Home Price 2017 $110,500
   
  Unemployment Rate 2018
Floyd County 6.6%
Labor Market Area 6.8%
U.S. 3.9%
   
  Average Weekly Wage 2017
Floyd County $738
Labor Market Area $737
U.S. $1,042


 

 

Location

 

 

Selected Market Centers

Percent of U.S. Within 600 Miles of Prestonsburg


Population
51%

Personal Income
49%

Retail Sales
51%

Manufacturing Employment
55%

Highway Distance to Selected Market Centers
    City Miles   City Miles   City Miles  
  1. Atlanta, GA 410 11. Dallas, TX 966 21. Nashville, TN 309  
  2. Baltimore, MD 484 12. Detroit, MI 383 22. New Orleans, LA 796  
  3. Birmingham, AL 455 13. Houston, TX 1,122 23. New York, NY 658  
  4. Boston, MA 867 14. Indianapolis, IN 302 24. Norfolk, VA 507  
  5. Buffalo, NY 521 15. Jacksonville, FL 650 25. Oklahoma City, OK 945  
  6. Charlotte, NC 281 16. Kansas City, MO 693 26. Omaha, NE 884  
  7. Chicago, IL 482 17. Lexington, KY 117 27. Philadelphia, PA 581  
  8. Cincinnati, OH 197 18. Louisville, KY 189 28. Pittsburgh, PA 346  
  9. Cleveland, OH 334 19. Memphis, TN 512 29. St. Louis, MO 451  
  10. Columbus, OH 194 20. Minneapolis, MN 890 30. Wichita, KS 890  
  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 133-002 Gateway Regional Business Park 260.89 157 No 45 75  
  Shovel-ready 159-002 Eastern Kentucky Business Park 186.8 51.6 No 33 61  
    071-002 Prestonsburg -- Stone Crest Site 071-002 28 28 No 20 67  

 


 

 

Buildings

 
Available Industrial Buildings
Click on a building point for details

This community currently has no available buildings.
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 183,557 181,814 179,434 176,736 172,748  
  Floyd County 38,558 38,139 37,679 37,110 36,271  
 Prestonsburg3,6333,5963,5663,5413,438 
  Source: U.S.  Department of Commerce, Bureau of the Census, Annual Estimates.  

  Population by Selected Age Groups, 2017  
    Floyd County Labor Market Area  
Number Percent Number Percent  
  Under 16 7,112 19.6 32,749 19.0  
  16-24 3,639 10.0 17,813 10.3  
  25-44 8,836 24.4 42,160 24.4  
  45-64 10,245 28.2 49,525 28.7  
  65-84 5,899 16.3 27,655 16.0  
  85 and older 540 1.5 2,846 1.6  
  Median Age 41.9   41.9    
  Source: U.S. Department of Commerce, Bureau of the Census.  

  Population by Race and Hispanic Origin, 2017  
    Floyd County Labor Market Area  
Number Percent Number Percent  
  White 35,450 97.7 168,303 97.4  
  Black or African American 384 1.1 1,970 1.1  
  Am. Indian & Alaska Native 62 0.2 318 0.2  
  Asian 108 0.3 601 0.3  
  Native Hawaiian & other Pacific Islander 1 0.0 37 0.0  
  Other/Multirace 266 0.7 1,519 0.9  
  Hispanic Origin 307 0.8 1,925 1.1  
  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  
  Floyd County 36,156 34,308 32,302 30,240  
  Source:  Kentucky State Data Center, University of Louisville.  

  Per Capita Personal Income 2015  
    2011 2016 Pct. Change  
  Floyd County $31,270 $32,994 5.5 %  
  Kentucky $33,989 $38,926 14.5 %  
  U.S. $41,560 $49,246 18.5 %  
  Labor Market Area Range $24,606- $32,694 $24,379- $33,078    
  Source: U.S. Department of Commerce, Bureau of Economic Analysis.  

  Households  
    2016 2016  
  Number of Households Persons Per Household Median Household Income  
  Floyd County 15,233 2.45 $30,540  
  Source: U.S. Department of Commerce, Bureau of the Census.  

 


 

 

Workforce

 

 

 

  Civilian Labor Force  
    Floyd County Labor Market Area  
  2018 Apr. 2019 2018 Apr. 2019  
  Civilian Labor Force 10,907 10,701 52,756 51,844  
  Employed 10,187 10,064 49,158 48,737  
  Unemployed 720 637 3,598 3,107  
  Unemployment Rate (%) 6.6 6.0 6.8 6.0  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Floyd County Labor Market Area Kentucky U.S.  
  2014 10.3 10.4 6.5 6.2  
  2015 9.4 9.7 5.4 5.3  
  2016 10.9 11.1 5.0 4.9  
  2017 8.1 8.5 4.9 4.4  
  2018 6.6 6.8 4.3 3.9  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Floyd County 2015 Percent  
  Working and Residing In County 4,109 43.7  
  Commuting Out of County 5,287 56.3  
  Total Residents 9,396 100.0  
  Employees in  
  Working and Residing In County 4,109 40.7  
  Commuting Into County 5,996 59.3  
  Total Employees 10,105 100.0  
  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  
    Floyd County Kentucky
(Statewide)
U.S.  
 Total All Industries$738$845$1,042 
 Total Private Industries7598651,064 
 Natural Resources and Mining1,1511,0491,086 
 Construction9071,0111,155 
 Manufacturing7881,1081,272 
 Trade, Transportation and Utilities682789881 
 Information7781,0442,011 
 Financial Activities8251,2361,752 
 Professional and Business Services8619311,377 
 Education and Health Services892906940 
 Leisure and Hospitality253327441 
 Other Services and Unclassified448626734 
  Source: JobsEQ, Chmura Economics.  

 


 

 

Education & Training

 

 

  Four-Year Colleges and Universities Within 60 Miles of Prestonsburg  
  Institutions engaged in furnishing academic courses and granting degrees at baccalaureate or graduate levels.  
  Miles Institution Location Enrollment
(Fall 2018)
 
  Morehead State University at Prestonsburg  Prestonsburg  N/A  
  19  University of Pikeville  Pikeville  2,336  
  24  Alice Lloyd College  Pippa Passes  598  
  46  Kentucky Christian University  Grayson  688  
  49  Frontier School of Midwifery and Family Nursing  Hyden  2,004  
  49  University of Virginia's College at Wise  Wise, VA  N/A  
  51  Morehead State University  Morehead  10,580  
  54  Marshall University  Huntington, WV  13,246  
  55  Morehead State University at Ashland  Ashland  N/A  
  59  Ohio University - Southern Campus  Ironton, OH  1,387  
      Total Enrollments 30,839  
  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 Prestonsburg  
  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)
 
  Big Sandy Community & Technical College, Prestonsburg Campus  Prestonsburg  † 4,346  
  10  Big Sandy Community & Technical College, Mayo Campus  Paintsville  N/A  
  19  American National University - Pikeville KY Campus  Pikeville  N/A  
  19  Big Sandy Community & Technical College, Pikeville Campus  Pikeville  N/A  
  26  Hazard Community & Technical College, Knott County Branch  Hindman  N/A  
  35  Hazard Community & Technical College, Lees College Campus  Jackson  N/A  
  37  Hazard Community & Technical College, Main Campus  Hazard  † 3,305  
  37  Hazard Community & Technical College, Technical Campus  Hazard  N/A  
  38  Southeast Community & Technical College, Whitesburg Campus  Whitesburg  N/A  
  49  Hazard Community & Technical College - Leslie Co. Center  Hyden  N/A  
  49  Southeast Community & Technical College, Cumberland Campus  Cumberland  † 3,229  
  51  Maysville Community & Technical College, Rowan Campus  Morehead  N/A  
  54  Huntington Junior College  Huntington, WV  368  
  55  Ashland Community & Technical College, College Drive Campus  Ashland  † 2,603  
  55  Ashland Community & Technical College, Roberts Drive Campus  Ashland  N/A  
  55  Ashland Community & Technical College, Technology Dr. Campus  Ashland  N/A  
      Total Enrollments 13,851  
  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 Prestonsburg  
    Enrollment (2017-2018)  
  Miles Institution Location Sec P/S Total  
  Floyd County ATC (GARTH)  Martin  264 N/A 264  
  18  Martin County ATC  Inez  398 N/A 398  
  26  Knott County ATC  Hindman  400 N/A 400  
  26  Millard ATC  Millard  195 N/A 195  
  28  Belfry ATC  Belfry  546 N/A 546  
  32  Morgan County ATC  West Liberty  669 N/A 669  
  35  Breathitt County ATC  Jackson  411 N/A 411  
  38  Letcher County ATC  Whitesburg  569 N/A 569  
  49  Leslie County ATC  Hyden  388 N/A 388  
  49  Carter County Career and Technical Center  Olive Hill  285 N/A 285  
  52  Lee County ATC  Beattyville  395 N/A 395  
  55  Boyd Co Career & Tech Educ Ctr Voc School  Ashland  710 N/A 710  
  58  Russell ATC  Russell  564 N/A 564  
      Total Enrollments 5,794     5,794   
  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, 2018-Present  
    Reported  
    Companies Jobs Investment  
 Manufacturing Location00$0 
 Manufacturing Expansion00$0 
 Service & Technology Location00$0 
 Service & Technology Expansion213$18,500,000 
  Click here for detailed location and expansion information.
Note: Totals include announced locations and expansions.
Source: Kentucky Cabinet for Economic Development (March 10, 2020).
 
  Employment by Major Industry by Place of Work, 2017  
    Floyd County Labor Market Area  
  Employment Percent Employment Percent  
 Total All Industries11,700100.050,656100.0 
 Total Private Industries8,53472.936,84972.7 
 Natural Resources and Mining5514.72,6285.2 
 Construction5975.11,5873.1 
 Manufacturing1931.69011.8 
 Trade, Transportation and Utilities2,44320.910,93021.6 
 Information3873.38511.7 
 Financial Activities2862.41,5113.0 
 Professional and Business Services9117.82,9245.8 
 Education and Health Services2,07417.710,34920.4 
 Leisure and Hospitality8547.34,1478.2 
 Other Services and Unclassified2372.01,0172.0 
  Source: JobsEQ, Chmura Economics.  
     
  Top 20 by Employment  
  Firm Product(s)/Service(s) Emp. Year
Established
 
 Allen 
 Bluegrass Materials CompanyConcrete block & products31945 
 Porter Steel & Fabrication IncDevelops and constructs specialized metal and steel structures, equipment; material handling products; steel products and fabrication for mining and aggregate industry.51996 
 Betsy Layne 
 Kentucky Oil & Refining Co IncHeadquarters and bulk plant151957 
 Harold 
 Coalfield Telephone Co IncHeadquarters441955 
 H T HackneyWholesale/Distribution561992 
 Primrose Oil, LLCOwner and operator of oil wells112016 
 Ivel 
 East Kentucky Network LLCWireless communications services1802000 
 R & S Godwin Truck Body Co LLCSteel & aluminum fabricating: dump truck bodies & trailers851968 
 Unisign CorpMetal, painted, plastic, electrical & wooden signs, neon signs, LED message centers151989 
 Langley 
 Mark West HydrocarbonNatural gas processing & hydrocarbon extracting201957 
 Martin 
 Shirt Gallery LLCFabric screen printing, embroidery, advertising specialties71984 
 Prestonsburg 
 Cooley Medical EquipmentHeadquarters; home medical equipment company and home infusion/compounding pharmacy.131982 
 Floyd Chronicle & TimesNewspaper & shopping guide publishing & offset printing61927 
 UPSSmall package distribution41N/A 
 UPSSmall package distribution7N/A 
 Worldwide Equipment Enterprises IncHeadquarters; distributors of heavy-duty trucks and replacement parts371967 
  Source: Kentucky Cabinet for Economic Development (March 10, 2020).  

 


 

 

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, 2017  
  Taxing Jurisdiction Property Taxes
Per $100 Valuation
   
  Real Estate Tangibles Motor Vehicles  
  County  
  Floyd $0.2931 $0.3330 $0.2903    
  City  
  Allen $0.2300 $0.2300 $0.0000    
  Martin $0.2200 $0.2200 $0.2200    
  Prestonsburg $0.2310 $0.3876 $0.2780    
  Wayland $0.4900 $0.4900 $0.0000    
  Wheelwright $0.4000 $0.4000 $0.4000    
  School District  
  Floyd County Schools $0.6920 $0.6920 $0.5540    
  Source: Kentucky Revenue Cabinet.  
     
  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  
  Floyd   No tax   No tax  
  City  
  Allen   No tax   No tax  
  Martin   1.50%   No tax  
  Prestonsburg   1.50%   1.50% (on net profits)  
  Wayland   No tax   No tax  
  Wheelwright   $2.50 Pay period rate   No tax  
  School District  
  Floyd 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 Floyd County
  Electric  
 AEP - Kentucky Power Company - 606-929-1600 
 East Kentucky Power Cooperative - 859-744-4812 
    Big Sandy RECC - 606-789-4095 
     
  Natural Gas  
 Columbia Gas of Kentucky Inc - 859-288-0227 
 East Kentucky Utilities 
 Kentucky Frontier Gas LLC - 606-886-9991 
 Prestonsburg City Utilities Commission - 606-886-6871 
     
  Sewer  
  Treatment Information (gallons per day) Capacity Avg. Flow Excess  
 Martin City Utilities 
 Martin STP120,00059,00061,000 
 Prestonsburg City Utilities Commission - 606-886-6871 
 Prestonsburg STP750,000764,000-14,000 
  Treatment information provided by Division of Water, 502-564-3410
 
  Water  
  System Information (gallons per day) Capacity Avg. Use Excess  
 Prestonsburg City Utilities Commission - 606-886-68715,040,0002,573,2902,466,710 
 Sandy Valley Water District - 606-478-5500N/AN/AN/A 
 Southern Water and Sewer District - 606-377-92962,000,0001,481,613518,387 
  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): Floyd County - $110,500 for 52 homes  
  Source: KY Department of Revenue. Data based on sales for last six months of year indicated.  
  Climate  
  Temperature    
  Normal (30-year record) 55.6 degrees  
  Average Annual, 2017 58.2 degrees  
  Record Highest, June 2012 (72-year record) 103 degrees  
  Record Lowest, January 1985 (72-year record) -21 degrees  
  Normal Heating Degree Days (30-year record) 4,374  
  Normal Cooling Degree Days (30-year record) 981  
  Precipitation    
  Normal (30-year record) 41.01 inches  
  Mean Annual Snowfall (30-year record) 13.3 inches  
  Total Precipitation, 2017 43.11 inches  
  Mean Number of Days Precipitation (0.01 inch or more) (30-year record) 134.4  
  Mean Number of Days Thunderstorms (70-year record) 42.7  
  Prevailing Winds West  
  Relative Humidity (30-year record)    
  1 a.m. 82 percent  
  7 a.m. 87 percent  
  1 p.m. 57 percent  
  7 p.m. 64 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: Tri-Cities Regional Airport, Blountville, TN.
 
     
  Public School District Enrollments, 2016-2017  
    Total Enrollment Pupil To Teacher Ratio  
  Floyd County Schools 5,655 15.0  
  Source: Kentucky Department of Education, Office of Assessment and Accountability.