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.

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:

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Contacts
Local Michael Anderson County Judge/Executive Monticello/Wayne County Industrial Development Authority 55 North Main Street Suite 103 PO Box 439 Monticello, KY 42633 Phone: 606-348-4241 FAX: 606-348-6647 WEB: www.waynecounty.ky.gov/bnc.htm E-mail: waynecountyjudge@windstream.net	State John Bevington Deputy Commissioner Kentucky Cabinet for Economic Development Old Capitol Annex 300 West Broadway Frankfort, KY 40601 USA Phone: 502-564-7140 ext. 21942 Fax: 502-564-3256 Web: http:///www.thinkkentucky.com Email: John.Bevington@ky.gov

 

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Quick Facts

	Industrial Electric Cost Per KWH, 2015
Kentucky	$0.0548
U.S.	$0.0691

 

Statistical Summary
	Population 2016
Wayne County	20,453
Labor Market Area	141,699
Per Capita Personal Income 2015	$27,508
Median Household Income 2015	$28,573
Median Home Price 2015	$78,250
	Unemployment Rate 2016
Wayne County	7.3%
Labor Market Area	6.4%
U.S.	4.9%
	Average Weekly Wage 2015
Wayne County	$590
Labor Market Area	$630
U.S.	$1,018

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Location

 

		City	Miles		City	Miles		City	Miles
	1.	Atlanta, GA	267	11.	Dallas, TX	816	21.	Nashville, TN	153
	2.	Baltimore, MD	619	12.	Detroit, MI	450	22.	New Orleans, LA	642
	3.	Birmingham, AL	302	13.	Houston, TX	937	23.	New York, NY	792
	4.	Boston, MA	1,001	14.	Indianapolis, IN	266	24.	Norfolk, VA	627
	5.	Buffalo, NY	622	15.	Jacksonville, FL	616	25.	Oklahoma City, OK	832
	6.	Charlotte, NC	336	16.	Kansas City, MO	627	26.	Omaha, NE	817
	7.	Chicago, IL	446	17.	Lexington, KY	99	27.	Philadelphia, PA	715
	8.	Cincinnati, OH	189	18.	Louisville, KY	153	28.	Pittsburgh, PA	475
	9.	Cleveland, OH	435	19.	Memphis, TN	361	29.	St. Louis, MO	385
	10.	Columbus, OH	295	20.	Minneapolis, MN	854	30.	Wichita, KS	824

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

 

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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
		231-004	Wayne County Industrial Park	17	17	No	30.1	116

 

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Buildings

Available Industrial Buildings

Click on a building point for details

	Bldg. ID	Building Name	Square Feet	Ac.	Min. Ceiling Ht.	Rail
	231-002	Belden Wire Factory	223,500	N/A	20.0' minimum	No

Note: A "+" symbol following the building name denotes a secondary building.

Special Purpose Buildings

 

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Demographics

 

Total Population

		2012	2013	2014	2015	2016
	Labor Market Area	142,095	142,060	141,939	141,761	141,699
	Wayne County	20,789	20,676	20,462	20,404	20,453
	Monticello	6,180	6,148	6,088	6,073	6,087

Source: U.S.  Department of Commerce, Bureau of the Census, Annual Estimates.

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Population by Selected Age Groups, 2015

		Wayne County		Labor Market Area
		Number	Percent	Number	Percent
	Under 16	3,791	18.5	27,611	19.5
	16-24	2,211	10.8	14,577	10.3
	25-44	4,815	23.5	34,000	24.0
	45-64	5,877	28.7	39,886	28.1
	65-84	3,433	16.8	23,311	16.4
	85 and older	337	1.6	2,480	1.7
	Median Age	42.8		41.9

Source: U.S. Department of Commerce, Bureau of the Census.

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Population by Race and Hispanic Origin, 2015

		Wayne County		Labor Market Area
		Number	Percent	Number	Percent
	White	19,639	96.0	136,172	96.0
	Black or African American	410	2.0	2,734	1.9
	Am. Indian & Alaska Native	68	0.3	527	0.4
	Asian	81	0.4	654	0.5
	Native Hawaiian & other Pacific Islander	17	0.1	102	0.1
	Other/Multirace	249	1.2	1,676	1.2
	Hispanic Origin	612	3.0	3,610	2.5

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.

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Population Projections

		2020	2025	2030	2035
	Wayne County	20,200	19,790	19,246	18,578

Source:  Kentucky State Data Center, University of Louisville.

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Per Capita Personal Income 2015

		2010	2015	Pct. Change
	Wayne County	$22,968	$27,508	19.8 %
	Kentucky	$33,031	$38,588	16.8 %
	U.S.	$40,277	$48,112	19.5 %
	Labor Market Area Range	$19,365- $30,248	$23,016- $35,823

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

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Households

		2015		2015
		Number of Households	Persons Per Household	Median Household Income
	Wayne County	7,917	2.57	$28,573

Source: U.S. Department of Commerce, Bureau of the Census.

 

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Workforce

 

 

Civilian Labor Force

		Wayne County		Labor Market Area
		2016	Apr. 2017	2016	Apr. 2017
	Civilian Labor Force	7,480	7,872	52,626	54,415
	Employed	6,936	7,315	49,274	51,178
	Unemployed	544	557	3,352	3,237
	Unemployment Rate (%)	7.3	7.1	6.4	5.9

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Unemployment Rate (%)

	Year	Wayne County	Labor Market Area	Kentucky	U.S.
	2012	12.4	10.3	8.2	8.1
	2013	11.7	10.4	8.3	7.4
	2014	9.9	8.5	6.5	6.2
	2015	8.1	7.4	5.4	5.3
	2016	7.3	6.4	5.0	4.9

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Commuting Patterns

	Residents of Wayne County	2014	Percent
	Working and Residing In County	2,911	45.4
	Commuting Out of County	3,506	54.6
	Total Residents	6,417	100.0
	Employees in
	Working and Residing In County	2,911	62.4
	Commuting Into County	1,755	37.6
	Total Employees	4,666	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, 2015

		Wayne County	Kentucky (Statewide)	U.S.
	Total All Industries	$590	$834	$1,018
	Total Private Industries	572	831	1,017
	Natural Resources and Mining	N/A	1,075	1,124
	Construction	943	993	1,096
	Manufacturing	670	1,091	1,237
	Trade, Transportation and Utilities	437	758	852
	Information	555	944	1,829
	Financial Activities	N/A	1,169	1,691
	Professional and Business Services	0	878	1,332
	Education and Health Services	N/A	878	911
	Leisure and Hospitality	249	312	419
	Other Services and Unclassified	369	591	691

Source: U.S. Department of Labor, Bureau of the Labor Statistics.

 

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Education & Training

 

Four-Year Colleges and Universities Within 60 Miles of Monticello

Institutions engaged in furnishing academic courses and granting degrees at baccalaureate or graduate levels.

	Miles	Institution	Location	Enrollment (Fall 2015)
	31	Lindsey Wilson College	Columbia	2,651
	38	University of the Cumberlands	Williamsburg	6,276
	42	Eastern Kentucky University, Corbin Campus	Corbin	N/A
	45	Campbellsville University	Campbellsville	3,128
	53	Union College	Barbourville	1,088
	55	Centre College	Danville	1,367
	55	Eastern Kentucky University, Danville Campus	Danville	N/A
	59	Berea College	Berea	1,643
	60	Tennessee Technological University	Cookeville, TN	10,900
	60	WKU - Glasgow Campus	Glasgow	N/A
			Total Enrollments	27,053

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.

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Two-Year Colleges Within 60 Miles of Monticello

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 2015)
	19	Somerset Community College, Clinton Center	Albany	N/A
	19	Somerset Community College, Russell Center	Russell Springs	N/A
	21	Somerset Community College, Somerset North Campus	Somerset	† 6,386
	22	Somerset Community College, McCreary Center	Whitley City	N/A
	33	Somerset Community College, Casey Center	Liberty	N/A
	47	Somerset Community College, Laurel North Campus	London	N/A
	55	American National University - Danville KY Campus	Danville	N/A
	55	Bluegrass Community & Technical College, Danville Campus	Danville	N/A
	60	Fortis Institute in Cookeville	Cookeville, TN	212
	60	Southcentral KY Community & Technical College, Glasgow Campus	Glasgow	N/A
	60	Southcentral KY Community & Technical College, Glasgow Tech. Campus	Glasgow	N/A
			Total Enrollments	6,598

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.

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Kentucky Technical Schools Within 60 Miles of Monticello

				Enrollment (2015-2016)
	Miles	Institution	Location	Sec	P/S	Total
	-	Wayne County ATC	Monticello	633	N/A	633
	19	Clinton County ATC	Albany	577	N/A	577
	19	Lake Cumberland ATC	Russell Springs	641	N/A	641
	21	Pulaski ATC	Somerset	513	N/A	513
	33	Casey County ATC	Liberty	501	N/A	501
	42	Corbin ATC	Corbin	452	N/A	452
	46	Green County ATC	Greensburg	750	N/A	750
	46	Rockcastle County ATC	Mount Vernon	427	N/A	427
	48	Monroe County ATC	Tompkinsville	827	N/A	827
	49	Lincoln County ATC	Stanford	278	N/A	278
	53	Knox County ATC	Barbourville	486	N/A	486
	55	Marion County ATC	Lebanon	604	N/A	604
	56	Garrard County ATC	Lancaster	377	N/A	377
	60	Barren County ATC	Glasgow	743	N/A	743
			Total Enrollments	7,809		7,809

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.

 

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Business & Industry

 

Summary of Recent Locations and Expansions, 2015-Present

			Reported
		Companies	Jobs	Investment
	Manufacturing Location	0	0	$0
	Manufacturing Expansion	2	30	$1,500,000
	Supportive/Service Location	0	0	$0
	Supportive/Service Expansion	0	0	$0

Click here for detailed location and expansion information. Note: Totals include announced locations and expansions. Source: Kentucky Cabinet for Economic Development (July 27, 2017).

Employment by Major Industry by Place of Work, 2015

		Wayne County		Labor Market Area
		Employment	Percent	Employment	Percent
	Total All Industries	5,234	100.0	45,267	100.0
	Total Private Industries	4,263	81.4	36,901	81.5
	Natural Resources and Mining	N/A	N/A	0	0.0
	Construction	38	0.7	1,027	2.3
	Manufacturing	1,393	26.6	8,149	18.0
	Trade, Transportation and Utilities	834	15.9	8,245	18.2
	Information	82	1.6	459	1.0
	Financial Activities	N/A	N/A	1,299	2.9
	Professional and Business Services	0	0.0	2,470	5.5
	Education and Health Services	N/A	N/A	6,558	14.5
	Leisure and Hospitality	465	8.9	4,249	9.4
	Other Services and Unclassified	64	1.2	787	1.7

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Top 20 by Employment

	Firm	Product(s)/Service(s)	Emp.	Year Established
	Monticello
	American Woodmark Corp	Wooden cabinet doors & frames	558	1998
	Belden Inc	Electronic wire & cable	233	1973
	Cobb Vantress Inc	Chicken breeder	250	1990
	E & E Shoe Brokerage	Shoe broker/distributor	40	1994
	Monticello Flooring & Lumber Co Inc	Hardwood flooring	95	1971
	Monticello Machine Shop Inc	Machine shop: drilling, boring, cutting, honing, general machining & welding; conveyors, plate & sheet metal fabricating	9	1948
	Monticello Tool & Die Inc	Tool & die: jigs & fixtures	16	1978
	Patriot Industries Inc	Athletic shorts and shirts, backpacks, ammo pouches, coveralls and vests	60	1998
	Specialty Wood Products Inc	Rough lumber, crossties, sawing	13	1990
	Sunstar Houseboats Inc	Aluminum houseboats and yachts	12	1995
	Trifecta Houseboats	Custom manufacture of aluminum houseboats	50	2011
	Trifecta Renovations	Remodeling and refurbishing houseboats	13	2014
	Trifecta Renovations	Manufacture, service and delivery of houseboats and energy efficient modular homes	12	2007
	W & W Hardwoods Inc	Interior doors, kitchen cabinet doors, and veneer parts for interior doors	180	1986
	Wayne Dry Kilns Inc	Kiln dried & dimension lumber, hardwood veneer slicing, raised hardwood panels.	20	1990
	Wayne Lumber Co Inc	We produce veneer logs, hardwood lumber (rough sawn and kiln dried), precut pallet lumber. Purchaser of hardwood lumber.	50	1966
	Xerox	Provide business processing solutions.	50	1987

Source: Kentucky Cabinet for Economic Development (July 27, 2017).

 

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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, 2016

	Taxing Jurisdiction	Property Taxes Per $100 Valuation
		Real Estate	Tangibles	Motor Vehicles
	County
	Wayne	$0.3590	$0.6464	$0.1984
	City
	Monticello	$0.1240	$0.1240	$0.2250
	School District
	Wayne County Schools	$0.4410	$0.4410	$0.5280

Source: Kentucky Revenue Cabinet.

Local Occupational License Taxes, 2016

	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
	Wayne		0.90%		No tax
	City
	Monticello		No tax		No tax
	School District
	Wayne County Schools		No tax		No tax

Source: Occupational Taxes Spreadsheet - Kentucky Secretary of State, Local Tax Listing - Kentucky Personnel Cabinet

 

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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

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Utilities

 

Utilities Providing Service In Wayne County

Electric

	East Kentucky Power Cooperative - 859-744-4812
	South Kentucky RECC - 606-678-4121
	Tennessee Valley Authority - 865-632-2101
	Monticello Electric Plant Board - 606-348-8102

Natural Gas

Service Unavailable

Sewer

	Treatment Information (gallons per day)	Capacity	Avg. Flow	Excess
	Monticello Utility Commission - 606-348-8473
	Monticello STP	1,400,000	485,000	915,000

Treatment information provided by Division of Water, 502-564-3410

Water

	System Information (gallons per day)	Capacity	Avg. Use	Excess
	Monticello Utility Commission - 606-348-8473	4,000,000	2,683,613	1,316,387

System information provided by Division of Water, 502-564-3410

 

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Quality of Life

 

	General Kentucky Quality of Life Information
	http://www.thinkkentucky.com/kyedc/qualityoflife.aspx

Median Home Price (2015): Wayne County - $78,250 for 80 homes

Source: KY Department of Revenue. Data based on sales for last six months of year indicated.

Climate

	Temperature
	Normal (30-year record)	59.1 degrees
	Average Annual, 2015	60.4 degrees
	Record Highest, July 2012 (74-year record)	105 degrees
	Record Lowest, January 1985 (74-year record)	-24 degrees
	Normal Heating Degree Days (30-year record)	3,637
	Normal Cooling Degree Days (30-year record)	1,526
	Precipitation
	Normal (30-year record)	47.86 inches
	Mean Annual Snowfall (30-year record)	6.5 inches
	Total Precipitation, 2015	51.66 inches
	Mean Number of Days Precipitation (0.01 inch or more) (30-year record)	125.2
	Mean Number of Days Thunderstorms (68-year record)	48.7
	Prevailing Winds	Southwest
	Relative Humidity (30-year record)
	1 a.m.	82 percent
	7 a.m.	87 percent
	1 p.m.	59 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, 2015. Station of record: McGhee Tyson Airport, Knoxville, TN.

Public School District Enrollments, 2015-2016

		Total Enrollment	Pupil To Teacher Ratio
	Wayne County Schools	3,167	15.9

Source: Kentucky Department of Education, Office of Assessment and Accountability.