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: 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

 

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Quick Facts

	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

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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
	231-003	Stardust Plant	105,000	N/A	18.0' minimum	No

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

Special Purpose Buildings

 

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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
	Monticello	6,148	6,088	6,073	6,087	6,112

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

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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.

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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.

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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

		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.

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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.

 

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Workforce

 

 

Civilian Labor Force

		Wayne County		Labor Market Area
		2017	Sep. 2018	2017	Sep. 2018
	Civilian Labor Force	7,602	7,971	53,589	54,473
	Employed	7,025	7,472	50,295	51,721
	Unemployed	577	499	3,294	2,752
	Unemployment Rate (%)	7.6	6.3	6.1	5.1

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

Unemployment Rate (%)

	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

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 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

Source: JobsEQ, Chmura Economics.

 

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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 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

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 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

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 (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

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	1	250	$6,000,000
	Manufacturing Expansion	3	30	$1,800,000
	Service & Technology Location	0	0	$0
	Service & Technology Expansion	1	N/A	$12,000,000

Click here for detailed location and expansion information. Note: Totals include announced locations and expansions. Source: Kentucky Cabinet for Economic Development (November 15, 2018).

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

Source: JobsEQ, Chmura Economics.

Top 20 by Employment

	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

Source: Kentucky Cabinet for Economic Development (November 15, 2018).

 

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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, 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

 

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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 (2016): Wayne County - $72,500 for 66 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, 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.