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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

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

 


 

Quick Facts

 
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  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


 

 

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

This community currently has no available buildings.
Note: A "+" symbol following the building name denotes a secondary building.
Special Purpose Buildings

 


 

 

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  
 Monticello6,1806,1486,0886,0736,087 
  Source: U.S.  Department of Commerce, Bureau of the Census, Annual Estimates.  

  Population by Selected Age Groups, 2016  
    Wayne County Labor Market Area  
Number Percent Number Percent  
  Under 16 3,714 18.2 27,412 19.3  
  16-24 2,152 10.5 14,189 10.0  
  25-44 4,841 23.7 33,826 23.9  
  45-64 5,890 28.8 39,896 28.2  
  65-84 3,540 17.3 23,875 16.8  
  85 and older 316 1.5 2,501 1.8  
  Median Age 43.2   42.2    
  Source: U.S. Department of Commerce, Bureau of the Census.  

  Population by Race and Hispanic Origin, 2016  
    Wayne County Labor Market Area  
Number Percent Number Percent  
  White 19,617 95.9 135,990 96.0  
  Black or African American 382 1.9 2,587 1.8  
  Am. Indian & Alaska Native 74 0.4 560 0.4  
  Asian 82 0.4 695 0.5  
  Native Hawaiian & other Pacific Islander 19 0.1 104 0.1  
  Other/Multirace 279 1.4 1,763 1.2  
  Hispanic Origin 612 3.0 3,713 2.6  
  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  
    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.  

  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.  

 


 

 

Workforce

 

 

 

  Civilian Labor Force  
    Wayne County Labor Market Area  
  2016 Jul. 2017 2016 Jul. 2017  
  Civilian Labor Force 7,480 7,596 52,626 54,317  
  Employed 6,936 6,927 49,274 50,433  
  Unemployed 544 669 3,352 3,884  
  Unemployment Rate (%) 7.3 8.8 6.4 7.2  
  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 Industries5728311,017 
 Natural Resources and MiningN/A1,0751,124 
 Construction9439931,096 
 Manufacturing6701,0911,237 
 Trade, Transportation and Utilities437758852 
 Information5559441,829 
 Financial ActivitiesN/A1,1691,691 
 Professional and Business Services08781,332 
 Education and Health ServicesN/A878911 
 Leisure and Hospitality249312419 
 Other Services and Unclassified369591691 
  Source: U.S. Department of Labor, Bureau of the Labor Statistics.  

 


 

 

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.
 

  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.
 

  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.
 

 


 

 

Business & Industry

 

 

  Summary of Recent Locations and Expansions, 2015-Present  
    Reported  
    Companies Jobs Investment  
 Manufacturing Location 00 $0 
 Manufacturing Expansion 230 $1,500,000 
 Supportive/Service Location 00 $0 
 Supportive/Service Expansion 00 $0 
  Click here for detailed location and expansion information.
Note: Totals include announced locations and expansions.
Source: Kentucky Cabinet for Economic Development (September 20, 2017).
 
  Employment by Major Industry by Place of Work, 2015  
    Wayne County Labor Market Area  
  Employment Percent Employment Percent  
 Total All Industries5,234100.045,267100.0 
 Total Private Industries4,26381.436,90181.5 
 Natural Resources and MiningN/AN/A00.0 
 Construction380.71,0272.3 
 Manufacturing1,39326.68,14918.0 
 Trade, Transportation and Utilities83415.98,24518.2 
 Information821.64591.0 
 Financial ActivitiesN/AN/A1,2992.9 
 Professional and Business Services00.02,4705.5 
 Education and Health ServicesN/AN/A6,55814.5 
 Leisure and Hospitality4658.94,2499.4 
 Other Services and Unclassified641.27871.7 
  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 CorpWooden cabinet doors & frames5581998 
 Belden IncElectronic wire & cable2331973 
 Cobb Vantress IncChicken breeder2501990 
 E & E Shoe BrokerageShoe broker/distributor401994 
 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 & fixtures161978 
 Patriot Industries IncAthletic shorts and shirts, backpacks, ammo pouches, coveralls and vests601998 
 Specialty Wood Products IncRough lumber, crossties, sawing131990 
 Sunstar Houseboats IncAluminum houseboats and yachts121995 
 Trifecta HouseboatsCustom manufacture of aluminum houseboats502011 
 Trifecta RenovationsRemodeling and refurbishing houseboats132014 
 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 doors1801986 
 Wayne Dry Kilns IncKiln dried & dimension lumber, hardwood veneer slicing, raised hardwood panels.201990 
 Wayne Lumber Co IncWe produce veneer logs, hardwood lumber (rough sawn and kiln dried), precut pallet lumber. Purchaser of hardwood lumber.501966 
 XeroxProvide business processing solutions.501987 
  Source: Kentucky Cabinet for Economic Development (September 20, 2017).  

 


 

 

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   
     

 


 

 

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 (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.