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:
|
|
Quick Facts
|
|
|
![[Hlink_eussm]](EDISImages/CWMaps/eussm076.gif) |
|
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 2016
|
$72,500
|
|
|
|
Unemployment Rate 2017
|
Wayne County
|
7.6%
|
Labor Market Area |
6.1%
|
U.S. |
4.4%
|
|
|
|
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 |
|
|
 |
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
|
223,500
|
N/A
|
20.0' minimum
|
No
|
|
|
231-003
|
Stardust Plant
|
105,000
|
N/A
|
18.0' minimum
|
No
|
|
|
Demographics
|
|
|
|
|
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
|
|
| Monticello | 6,148 | 6,088 | 6,073 | 6,087 | 6,112 | |
|
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
|
|
|
|
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
|
|
|
|
2020 |
2025 |
2030 |
2035 |
|
|
Wayne County |
20,200
|
19,790
|
19,246
|
18,578
|
|
|
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
|
|
|
|
|
2016 |
2016 |
|
|
Number of Households |
Persons Per Household |
Median Household Income |
|
|
Wayne County |
7,842 |
2.58 |
$30,260 |
|
|
Workforce
|
|
|
|
|
Wayne County |
Labor Market Area |
|
|
2017 |
Nov. 2018 |
2017 |
Nov. 2018 |
|
|
Civilian Labor Force |
7,602 |
7,802 |
53,589
|
54,413
|
|
|
Employed |
7,025
|
7,396
|
50,295
|
52,016
|
|
|
Unemployed |
577
|
406
|
3,294
|
2,397
|
|
|
Unemployment Rate (%) |
7.6
|
5.2
|
6.1
|
4.4
|
|
|
Year |
Wayne County |
Labor Market Area |
Kentucky |
U.S. |
|
|
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 |
|
|
2017 |
7.6 |
6.1 |
4.9 |
4.4 |
|
|
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
|
|
|
Average Weekly Wage,
2017 |
|
|
|
Wayne County |
Kentucky (Statewide) |
U.S. |
|
| Total All Industries | $582 | $845 | $1,042 | |
| Total Private Industries | 585 | 865 | 1,064 | |
| Natural Resources and Mining | 462 | 1,049 | 1,086 | |
| Construction | 855 | 1,011 | 1,155 | |
| Manufacturing | 702 | 1,108 | 1,272 | |
| Trade, Transportation and Utilities | 471 | 789 | 881 | |
| Information | 560 | 1,044 | 2,011 | |
| Financial Activities | 844 | 1,236 | 1,752 | |
| Professional and Business Services | 544 | 931 | 1,377 | |
| Education and Health Services | 638 | 906 | 940 | |
| Leisure and Hospitality | 278 | 327 | 441 | |
| Other Services and Unclassified | 420 | 626 | 734 | |
|
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 2016) |
|
|
31 |
Lindsey Wilson College |
Columbia |
2,588 |
|
|
38 |
University of the Cumberlands |
Williamsburg |
7,652 |
|
|
42 |
Eastern Kentucky University, Corbin Campus |
Corbin |
N/A |
|
|
45 |
Campbellsville University |
Campbellsville |
3,675 |
|
|
53 |
Union College |
Barbourville |
1,203 |
|
|
55 |
Centre College |
Danville |
1,430 |
|
|
55 |
Eastern Kentucky University, Danville Campus |
Danville |
N/A |
|
|
59 |
Berea College |
Berea |
1,665 |
|
|
60 |
Tennessee Technological University |
Cookeville, TN |
10,493 |
|
|
60 |
WKU - Glasgow Campus |
Glasgow |
N/A |
|
|
|
|
Total Enrollments |
28,706 |
|
|
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 2016) |
|
|
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 |
† 6,621 |
|
|
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 |
105 |
|
|
55 |
Bluegrass Community & Technical College, Danville Campus |
Danville |
N/A |
|
|
60 |
Fortis Institute in Cookeville |
Cookeville, TN |
221 |
|
|
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 |
6,947 |
|
|
Kentucky Technical Schools Within 60 Miles of
Monticello |
|
|
|
Enrollment (2016-2017) |
|
|
Miles |
Institution |
Location |
Sec |
P/S |
Total |
|
|
- |
Wayne County ATC |
Monticello |
812 |
N/A |
812 |
|
|
19 |
Clinton County ATC |
Albany |
478 |
N/A |
478 |
|
|
19 |
Lake Cumberland ATC |
Russell Springs |
753 |
N/A |
753 |
|
|
21 |
Pulaski ATC |
Somerset |
428 |
N/A |
428 |
|
|
33 |
Casey County ATC |
Liberty |
514 |
N/A |
514 |
|
|
42 |
Corbin ATC |
Corbin |
483 |
N/A |
483 |
|
|
46 |
Green County ATC |
Greensburg |
800 |
N/A |
800 |
|
|
46 |
Rockcastle County ATC |
Mount Vernon |
436 |
N/A |
436 |
|
|
48 |
Monroe County ATC |
Tompkinsville |
775 |
N/A |
775 |
|
|
49 |
Lincoln County ATC |
Stanford |
407 |
N/A |
407 |
|
|
53 |
Knox County ATC |
Barbourville |
427 |
N/A |
427 |
|
|
55 |
Marion County ATC |
Lebanon |
916 |
N/A |
916 |
|
|
56 |
Garrard County ATC |
Lancaster |
368 |
N/A |
368 |
|
|
60 |
Barren County ATC |
Glasgow |
854 |
N/A |
854 |
|
|
|
|
Total Enrollments |
8,451
|
|
8,451 |
|
|
Business & Industry
|
|
|
|
Summary of Recent Locations and Expansions,
2017-Present |
|
|
|
Reported |
|
|
|
Companies |
Jobs |
Investment |
|
| Manufacturing Location | 1 | 250 | $6,000,000 | |
| Manufacturing Expansion | 1 | 0 | $300,000 | |
| Service & Technology Location | 0 | 0 | $0 | |
| Service & Technology Expansion | 0 | 0 | $0 | |
|
Employment by Major Industry by Place of Work,
2017 |
|
|
|
Wayne County |
Labor Market Area |
|
|
Employment |
Percent |
Employment |
Percent |
|
| Total All Industries | 6,280 | 100.0 | 51,090 | 100.0 | |
| Total Private Industries | 4,499 | 71.6 | 36,968 | 72.4 | |
| Natural Resources and Mining | 214 | 3.4 | 333 | 0.7 | |
| Construction | 46 | 0.7 | 1,559 | 3.1 | |
| Manufacturing | 1,317 | 21.0 | 7,999 | 15.7 | |
| Trade, Transportation and Utilities | 830 | 13.2 | 8,897 | 17.4 | |
| Information | 86 | 1.4 | 443 | 0.9 | |
| Financial Activities | 160 | 2.5 | 1,516 | 3.0 | |
| Professional and Business Services | 423 | 6.7 | 2,815 | 5.5 | |
| Education and Health Services | 868 | 13.8 | 8,175 | 16.0 | |
| Leisure and Hospitality | 504 | 8.0 | 4,459 | 8.7 | |
| Other Services and Unclassified | 50 | 0.8 | 771 | 1.5 | |
|
Firm |
Product(s)/Service(s) |
Emp. |
Year Established |
|
| Monticello | |
| American Woodmark Corp | Wooden cabinet doors & frames | 559 | 1998 | |
| Cobb Vantress Inc | Chicken breeder | 250 | 1990 | |
| Conduent | Provide business processing solutions. | 75 | 1987 | |
| E & E Shoe Brokerage | Shoe broker/distributor | 45 | 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 | 17 | 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 | 150 | 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. | 48 | 1966 | |
|
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 |
|
|
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 |
|
|
|
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 |
|
|
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 |
|
|
Utilities
|
|
|
|
Utilities Providing Service In
Wayne County |
|
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
|
|
|
Quality of Life
|
|
|
|
Median Home Price (2016):
Wayne County - $72,500 for 66 homes |
|
|
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 |
|
|
Public School District Enrollments,
2016-2017 |
|
|
|
Total Enrollment |
Pupil To Teacher Ratio |
|
|
Wayne County Schools |
3,142 |
16.3 |
|