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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

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: judgeexecutive@wcfiscalcourt.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

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

 

Statistical Summary
  Population 2017
Wayne County 20,716
Labor Market Area 142,460
   
 
Per Capita Personal Income 2016 $27,483
Median Household Income 2016 $30,260
Median Home Price 2017 $81,950
   
  Unemployment Rate 2018
Wayne County 7.0%
Labor Market Area 5.5%
U.S. 3.9%
   
  Average Weekly Wage 2017
Wayne County $582
Labor Market Area $622
U.S. $1,042

 

 

Location

  

 

Selected Market Centers

Percent of U.S. Within 600 Miles of Monticello

Population
47%

Personal Income
52%

Retail Sales
44%

Manufacturing Employment
53%

Highway Distance to Selected Market Centers
    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		  

 

 

 

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

 

 

 

Buildings

  
Available Industrial Buildings
Click on a building point for details
  Bldg. ID Building Name Square Feet Ac. Min. Ceiling Ht. Rail  
  231-002 1200 W Columbia Ave (Fitzgerald Industries) 223,500 N/A 20.0' minimum No  
  231-003 Stardust Plant 105,000 N/A 18.0' 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 142,060 141,939 141,761 141,699 142,460  
  Wayne County 20,676 20,462 20,404 20,453 20,716  
 Monticello6,1486,0886,0736,0876,112 
  Source: U.S.  Department of Commerce, Bureau of the Census, Annual Estimates.  
  Population by Selected Age Groups, 2017  
    Wayne County Labor Market Area  
Number Percent Number Percent  
  Under 16 3,734 18.0 27,523 19.3  
  16-24 2,102 10.1 14,125 9.9  
  25-44 4,826 23.3 33,792 23.7  
  45-64 5,830 28.1 39,753 27.9  
  65-84 3,838 18.5 24,654 17.3  
  85 and older 386 1.9 2,613 1.8  
  Median Age 43.8   42.5    
  Source: U.S. Department of Commerce, Bureau of the Census.  
  Population by Race and Hispanic Origin, 2017  
    Wayne County Labor Market Area  
Number Percent Number Percent  
  White 19,809 95.6 136,512 95.8  
  Black or African American 438 2.1 2,658 1.9  
  Am. Indian & Alaska Native 75 0.4 593 0.4  
  Asian 84 0.4 754 0.5  
  Native Hawaiian & other Pacific Islander 19 0.1 101 0.1  
  Other/Multirace 291 1.4 1,842 1.3  
  Hispanic Origin 686 3.3 3,934 2.8  
  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  
  Wayne County 20,200 19,790 19,246 18,578  
  Source:  Kentucky State Data Center, University of Louisville.  
  Per Capita Personal Income 2015  
    2011 2016 Pct. Change  
  Wayne County $23,020 $27,483 19.4 %  
  Kentucky $33,989 $38,926 14.5 %  
  U.S. $41,560 $49,246 18.5 %  
  Labor Market Area Range $20,842- $29,043 $23,320- $37,567    
  Source: U.S. Department of Commerce, Bureau of Economic Analysis.  
  Households  
    2016 2016  
  Number of Households Persons Per Household Median Household Income  
  Wayne County 7,842 2.58 $30,260  
  Source: U.S. Department of Commerce, Bureau of the Census.  

 

 

 

Workforce

  

 

 

  Civilian Labor Force  
    Wayne County Labor Market Area  
  2018 Apr. 2019 2018 Apr. 2019  
  Civilian Labor Force 7,598 7,293 53,697 53,197  
  Employed 7,064 6,890 50,755 50,680  
  Unemployed 534 403 2,942 2,517  
  Unemployment Rate (%) 7.0 5.5 5.5 4.7  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Wayne County Labor Market Area Kentucky U.S.  
  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  
  2017 7.6 6.1 4.9 4.4  
  2018 7.0 5.5 4.3 3.9  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Wayne County 2015 Percent  
  Working and Residing In County 3,180 47.6  
  Commuting Out of County 3,500 52.4  
  Total Residents 6,680 100.0  
  Employees in  
  Working and Residing In County 3,180 64.5  
  Commuting Into County 1,753 35.5  
  Total Employees 4,933 100.0  
  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  
    Wayne County Kentucky
(Statewide)		 U.S.  
 Total All Industries$582$845$1,042 
 Total Private Industries5858651,064 
 Natural Resources and Mining4621,0491,086 
 Construction8551,0111,155 
 Manufacturing7021,1081,272 
 Trade, Transportation and Utilities471789881 
 Information5601,0442,011 
 Financial Activities8441,2361,752 
 Professional and Business Services5449311,377 
 Education and Health Services638906940 
 Leisure and Hospitality278327441 
 Other Services and Unclassified420626734 
  Source: JobsEQ, Chmura Economics.  

 

 

 

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 2018)		  
  31  Lindsey Wilson College  Columbia  2,565  
  38  University of the Cumberlands  Williamsburg  10,097  
  42  Eastern Kentucky University, Corbin Campus  Corbin  N/A  
  45  Campbellsville University  Campbellsville  7,207  
  53  Union College  Barbourville  1,309  
  55  Centre College  Danville  1,450  
  59  Berea College  Berea  1,670  
  60  Tennessee Technological University  Cookeville, TN  10,504  
  60  WKU - Glasgow Campus  Glasgow  N/A  
      Total Enrollments 34,802  
  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 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 2018)		  
  19  Somerset Community College, Clinton Center  Albany  N/A  
  19  Somerset Community College, Russell Center  Russell Springs  N/A  
  21  Somerset Community College, Somerset Campus  Somerset  † 5,886  
  22  Somerset Community College, McCreary Center  Whitley City  N/A  
  33  Somerset Community College, Casey Center  Liberty  N/A  
  47  Somerset Community College, Laurel Campus  London  N/A  
  55  Bluegrass Community & Technical College, Danville Campus  Danville  N/A  
  60  Fortis Institute in Cookeville  Cookeville, TN  175  
  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 6,061  
  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 Monticello  
    Enrollment (2017-2018)  
  Miles Institution Location Sec P/S Total  
  -  Wayne County ATC  Monticello  621 N/A 621  
  19  Clinton County ATC  Albany  612 N/A 612  
  19  Lake Cumberland ATC  Russell Springs  930 N/A 930  
  21  Pulaski ATC  Somerset  462 N/A 462  
  33  Casey County ATC  Liberty  526 N/A 526  
  42  Corbin ATC  Corbin  526 N/A 526  
  46  Green County ATC  Greensburg  629 N/A 629  
  46  Rockcastle County ATC  Mount Vernon  442 N/A 442  
  48  Monroe County ATC  Tompkinsville  809 N/A 809  
  49  Lincoln County ATC  Stanford  332 N/A 332  
  53  Knox County ATC  Barbourville  447 N/A 447  
  55  Marion County ATC  Lebanon  1364 N/A 1364  
  56  Garrard County ATC  Lancaster  346 N/A 346  
  60  Barren County ATC  Glasgow  835 N/A 835  
      Total Enrollments 8,881     8,881   
  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, 2017-Present  
    Reported  
    Companies Jobs Investment  
 Manufacturing Location1250$6,000,000 
 Manufacturing Expansion10$300,000 
 Service & Technology Location00$0 
 Service & Technology Expansion00$0 
  Click here for detailed location and expansion information.
Note: Totals include announced locations and expansions.
Source: Kentucky Cabinet for Economic Development (January 01, 2020).		  
  Employment by Major Industry by Place of Work, 2017  
    Wayne County Labor Market Area  
  Employment Percent Employment Percent  
 Total All Industries6,280100.051,090100.0 
 Total Private Industries4,49971.636,96872.4 
 Natural Resources and Mining2143.43330.7 
 Construction460.71,5593.1 
 Manufacturing1,31721.07,99915.7 
 Trade, Transportation and Utilities83013.28,89717.4 
 Information861.44430.9 
 Financial Activities1602.51,5163.0 
 Professional and Business Services4236.72,8155.5 
 Education and Health Services86813.88,17516.0 
 Leisure and Hospitality5048.04,4598.7 
 Other Services and Unclassified500.87711.5 
  Source: JobsEQ, Chmura Economics.  
     
  Top 20 by Employment  
  Firm Product(s)/Service(s) Emp. Year
Established		  
 Monticello 
 American Woodmark CorpWooden cabinet doors & frames5551998 
 Cobb Vantress IncChicken breeder2501990 
 ConduentProvide business processing solutions.821987 
 E & E Shoe BrokerageShoe broker/distributor451994 
 Monticello Flooring & Lumber Co IncHardwood flooring951971 
 Monticello Machine Shop IncMachine shop: drilling, boring, cutting, honing, general machining & welding; conveyors, plate & sheet metal fabricating91948 
 Monticello Tool & Die IncTool & die: jigs & fixtures151978 
 Patriot Industries IncAthletic shorts and shirts, backpacks, ammo pouches, coveralls and vests3601998 
 Specialty Wood Products IncRough lumber, crossties, sawing131990 
 Sunstar Houseboats IncAluminum houseboats and yachts181995 
 Trfiecta Ventures, LLCRemodeling and refurbishing houseboats132014 
 Trifecta HouseboatsCustom manufacture of aluminum houseboats802011 
 Trifecta RenovationsManufacture, service and delivery of houseboats and energy efficient modular homes122007 
 W & W Hardwoods IncInterior doors, kitchen cabinet doors, and veneer parts for interior doors1141986 
 Wayne Dry Kilns IncKiln dried & dimension lumber, hardwood veneer slicing, raised hardwood panels.251990 
 Wayne Lumber Co IncWe produce veneer logs, hardwood lumber (rough sawn and kiln dried), precut pallet lumber. Purchaser of hardwood lumber.481966 
  Source: Kentucky Cabinet for Economic Development (January 01, 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  
  Wayne $0.3580 $0.6469 $0.1984    
  City  
  Monticello $0.1210 $0.1210 $0.2250    
  School District  
  Wayne County Schools $0.4940 $0.4950 $0.5280    
  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  
  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   
     

 

 

 

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 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 STP1,400,000485,000915,000 
  Treatment information provided by Division of Water, 502-564-3410
  
  Water  
  System Information (gallons per day) Capacity Avg. Use Excess  
 Monticello Utility Commission - 606-348-84734,000,0002,683,6131,316,387 
  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): Wayne County - $81,950 for 84 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, 2017 61.1 degrees  
  Record Highest, July 2012 (76-year record) 105 degrees  
  Record Lowest, January 1985 (76-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, 2017 51.88 inches  
  Mean Number of Days Precipitation (0.01 inch or more) (30-year record) 125.2  
  Mean Number of Days Thunderstorms (70-year record) 48.6  
  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, 2017.
Station of record: McGhee Tyson Airport, Knoxville, TN.		  
     
  Public School District Enrollments, 2016-2017  
    Total Enrollment Pupil To Teacher Ratio  
  Wayne County Schools 3,142 16.3  
  Source: Kentucky Department of Education, Office of Assessment and Accountability.