Print

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.
[HLink_LM]
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

John Soper
Chairman
Woodford County Economic Development Auth.
103 South Main Street
Woodford County Courthouse - Suite 204
Versailles, KY 40383
Phone: 859-608-0256
FAX: 859-873-4576
WEB: www.woodfordeda.com
E-mail: jsoper111@gmail.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

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

 

Statistical Summary
  Population 2016
Woodford County 26,124
Labor Market Area 863,080
   
 
Per Capita Personal Income 2015 $45,213
Median Household Income 2015 $58,750
Median Home Price 2015 $185,500
   
  Unemployment Rate 2016
Woodford County 3.2%
Labor Market Area 3.9%
U.S. 4.9%
   
  Average Weekly Wage 2015
Woodford County $807
Labor Market Area $832
U.S. $1,018


 

 

Location

 

 

Selected Market Centers

Percent of U.S. Within 600 Miles of Versailles


Population
48%

Personal Income
53%

Retail Sales
46%

Manufacturing Employment
54%

Highway Distance to Selected Market Centers
    City Miles   City Miles   City Miles  
  1. Atlanta, GA 391 11. Dallas, TX 861 21. Nashville, TN 203  
  2. Baltimore, MD 548 12. Detroit, MI 352 22. New Orleans, LA 732  
  3. Birmingham, AL 393 13. Houston, TX 982 23. New York, NY 721  
  4. Boston, MA 931 14. Indianapolis, IN 176 24. Norfolk, VA 586  
  5. Buffalo, NY 523 15. Jacksonville, FL 729 25. Oklahoma City, OK 820  
  6. Charlotte, NC 410 16. Kansas City, MO 568 26. Omaha, NE 758  
  7. Chicago, IL 357 17. Lexington, KY 14 27. Philadelphia, PA 644  
  8. Cincinnati, OH 90 18. Louisville, KY 64 28. Pittsburgh, PA 377  
  9. Cleveland, OH 336 19. Memphis, TN 406 29. St. Louis, MO 326  
  10. Columbus, OH 196 20. Minneapolis, MN 764 30. Wichita, KS 764  
  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 239-001 Midway Commerce District 25.7 22.4 No 0 18  

 


 

 

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 829,237 836,565 844,317 853,550 863,080  
  Woodford County 25,072 25,294 25,591 25,876 26,124  
 Versailles8,9058,9849,0929,1809,270 
 Midway1,6441,6531,6581,7061,706 
  Source: U.S.  Department of Commerce, Bureau of the Census, Annual Estimates.  

  Population by Selected Age Groups, 2016  
    Woodford County Labor Market Area  
Number Percent Number Percent  
  Under 16 5,135 19.7 170,162 19.7  
  16-24 2,792 10.7 123,705 14.3  
  25-44 5,935 22.7 225,731 26.2  
  45-64 7,788 29.8 221,608 25.7  
  65-84 3,999 15.3 107,742 12.5  
  85 and older 475 1.8 14,132 1.6  
  Median Age 42.5   37.1    
  Source: U.S. Department of Commerce, Bureau of the Census.  

  Population by Race and Hispanic Origin, 2016  
    Woodford County Labor Market Area  
Number Percent Number Percent  
  White 24,089 92.2 744,722 86.3  
  Black or African American 1,339 5.1 78,445 9.1  
  Am. Indian & Alaska Native 59 0.2 2,908 0.3  
  Asian 206 0.8 18,171 2.1  
  Native Hawaiian & other Pacific Islander 45 0.2 554 0.1  
  Other/Multirace 386 1.5 18,280 2.1  
  Hispanic Origin 1,724 6.6 42,286 4.9  
  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  
  Woodford County 26,593 27,421 28,229 28,941  
  Source:  Kentucky State Data Center, University of Louisville.  

  Per Capita Personal Income 2015  
    2010 2015 Pct. Change  
  Woodford County $37,101 $45,213 21.9 %  
  Kentucky $33,031 $38,588 16.8 %  
  U.S. $40,277 $48,112 19.5 %  
  Labor Market Area Range $28,334- $38,988 $33,507- $45,238    
  Source: U.S. Department of Commerce, Bureau of Economic Analysis.  

  Households  
    2015 2015  
  Number of Households Persons Per Household Median Household Income  
  Woodford County 9,802 2.55 $58,750  
  Source: U.S. Department of Commerce, Bureau of the Census.  

 


 

 

Workforce

 

 

 

  Civilian Labor Force  
    Woodford County Labor Market Area  
  2016 Aug. 2017 2016 Aug. 2017  
  Civilian Labor Force 14,438 14,537 431,076 441,965  
  Employed 13,977 14,029 414,219 422,971  
  Unemployed 461 508 16,857 18,994  
  Unemployment Rate (%) 3.2 3.5 3.9 4.3  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Woodford County Labor Market Area Kentucky U.S.  
  2012 5.8 7.0 8.2 8.1  
  2013 6.1 7.0 8.3 7.4  
  2014 4.5 5.3 6.5 6.2  
  2015 3.6 4.3 5.4 5.3  
  2016 3.2 3.9 5.0 4.9  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Woodford County 2014 Percent  
  Working and Residing In County 2,956 25.7  
  Commuting Out of County 8,560 74.3  
  Total Residents 11,516 100.0  
  Employees in  
  Working and Residing In County 2,956 32.6  
  Commuting Into County 6,111 67.4  
  Total Employees 9,067 100.0  
  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  
    Woodford County Kentucky
(Statewide)
U.S.  
 Total All Industries$807$834$1,018 
 Total Private Industries8198311,017 
 Natural Resources and Mining7301,0751,124 
 Construction8799931,096 
 Manufacturing1,2031,0911,237 
 Trade, Transportation and Utilities634758852 
 Information1,1749441,829 
 Financial Activities9151,1691,691 
 Professional and Business Services9688781,332 
 Education and Health ServicesN/A878911 
 Leisure and Hospitality319312419 
 Other Services and Unclassified600591691 
  Source: U.S. Department of Labor, Bureau of the Labor Statistics.  

 


 

 

Education & Training

 

 

  Four-Year Colleges and Universities Within 60 Miles of Versailles  
  Institutions engaged in furnishing academic courses and granting degrees at baccalaureate or graduate levels.  
  Miles Institution Location Enrollment
(Fall 2015)
 
  Midway University  Midway  1,055  
  12  Kentucky State University  Frankfort  1,586  
  14  Asbury Theological Seminary  Wilmore  1,540  
  14  Asbury University  Wilmore  † 1,915  
  14  Georgetown College  Georgetown  1,364  
  15  Indiana Wesleyan University - Lexington Education Center  Lexington  N/A  
  15  Lexington Theological Seminary  Lexington  81  
  15  Sullivan University, Lexington Campus  Lexington  N/A  
  15  Transylvania University  Lexington  1,053  
  15  University of Kentucky  Lexington  29,727  
  29  Centre College  Danville  1,367  
  29  Eastern Kentucky University, Danville Campus  Danville  N/A  
  32  Eastern Kentucky University  Richmond  16,844  
  41  Berea College  Berea  1,643  
  43  Morehead State University at Mt. Sterling  Mt. Sterling  N/A  
  56  Bellarmine University  Louisville  3,846  
  56  Boyce College  Louisville  N/A  
  56  Campbellsville University, Louisville Campus  Louisville  N/A  
  56  Galen College of Nursing, Louisville Extended Classroom  Louisville  N/A  
  56  Galen College of Nursing, Main Campus  Louisville  1,045  
  56  Indiana Wesleyan University - Louisville Education Center  Louisville  N/A  
  56  Louisville Bible College  Louisville  N/A  
  56  Louisville Presbyterian Theological Seminary  Louisville  170  
  56  McKendree University - Louisville KY Campus  Louisville  N/A  
  56  Northwood University - Louisville  Louisville  N/A  
  56  Southern Baptist Theological Seminary  Louisville  3,671  
  56  Spalding University  Louisville  2,202  
  56  Sullivan University, Main Campus  Louisville  † 3,797  
  56  University of Louisville  Louisville  21,294  
  56  University of Louisville Health Sciences Center  Louisville  N/A  
  56  University of Louisville, ShelbyHurst Campus  Louisville  N/A  
  56  Webster University, Louisville Metropolitan Campus  Louisville  N/A  
  59  Campbellsville University  Campbellsville  3,128  
      Total Enrollments 97,328  
  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 Versailles  
  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)
 
  Bluegrass Community & Technical College, Lawrenceburg Campus  Lawrenceburg  N/A  
  14  Bluegrass Community & Technical College, Advanced Manufacturing Center  Georgetown  N/A  
  15  American National University- Lexington KY Campus  Lexington  780  
  15  Bluegrass Community & Technical College, Cooper Campus  Lexington  10,388  
  15  Bluegrass Community & Technical College, Leestown Campus  Lexington  N/A  
  15  Bluegrass Community & Technical College, Newtown Pike Campus  Lexington  N/A  
  15  Spencerian College, Lexington Campus  Lexington  74  
  29  American National University - Danville KY Campus  Danville  N/A  
  29  Bluegrass Community & Technical College, Danville Campus  Danville  N/A  
  30  Bluegrass Community & Technical College, Winchester - Clark Co. Campus  Winchester  N/A  
  30  Jefferson Community & Technical College, Shelby Co. Campus  Shelbyville  N/A  
  32  American National University - Richmond KY Campus  Richmond  N/A  
  33  Maysville Community & Tech College, Licking Valley Campus  Cynthiana  N/A  
  37  Elizabethtown Community & Tech. College, Springfield Campus  Springfield  N/A  
  49  Jefferson Community & Technical College, Carrollton Campus  Carrollton  N/A  
  52  Somerset Community College, Casey Center  Liberty  N/A  
  54  Jefferson Community & Technical College, Bullitt Co. Campus  Shepherdsville  N/A  
  56  American National University - Louisville KY Campus  Louisville  N/A  
  56  Brown Mackie College - Louisville  Louisville  795  
  56  Jefferson Community & Technical College, Jefferson Technical Campus  Louisville  N/A  
  56  Jefferson Community & Technical College, Main Campus  Louisville  † 12,138  
  56  Jefferson Community & Technical College, Southwest Campus  Louisville  N/A  
  56  Spencerian College, Louisville Campus  Louisville  497  
  56  Sullivan College of Technology and Design  Louisville  406  
      Total Enrollments 25,078  
  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 Versailles  
    Enrollment (2015-2016)  
  Miles Institution Location Sec P/S Total  
  12  Franklin County Career and Technical Center  Frankfort  837 N/A 837  
  14  Elkhorn Crossing School  Georgetown  860 N/A 860  
  15  Eastside Technical Center  Lexington  906 N/A 906  
  15  Southside Technical Center  Lexington  471 N/A 471  
  15  Jessamine Career and Technology Center  Nicholasville  3206 N/A 3206  
  21  Hughes Jones Harrodsburg ATC  Harrodsburg  266 N/A 266  
  30  Shelby County ATC  Shelbyville  559 N/A 559  
  30  Clark County ATC  Winchester  704 N/A 704  
  31  Garrard County ATC  Lancaster  377 N/A 377  
  32  Madison County ATC  Richmond  801 N/A 801  
  33  Harrison County ATC  Cynthiana  681 N/A 681  
  36  Lincoln County ATC  Stanford  278 N/A 278  
  43  Nelson County ATC  Bardstown  444 N/A 444  
  43  Montgomery County ATC  Mt. Sterling  557 N/A 557  
  44  Marion County ATC  Lebanon  604 N/A 604  
  45  Oldham County CTC  Buckner  309 N/A 309  
  49  Carroll County ATC  Carrollton  616 N/A 616  
  52  Casey County ATC  Liberty  501 N/A 501  
  52  Rockcastle County ATC  Mount Vernon  427 N/A 427  
  54  Bullitt County ATC  Shepherdsville  190 N/A 190  
  59  Jackson County ATC  McKee  463 N/A 463  
      Total Enrollments 14,057     14,057   
  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, -Present  
    Reported  
    Companies Jobs Investment  
 Manufacturing Location 3367-374 $84,493,304 
 Manufacturing Expansion 9175 $66,102,335 
 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 (November 22, 2017).
 
  Employment by Major Industry by Place of Work, 2015  
    Woodford County Labor Market Area  
  Employment Percent Employment Percent  
 Total All Industries9,009100.0397,872100.0 
 Total Private Industries7,48383.1320,50080.6 
 Natural Resources and Mining1,18713.23,2730.8 
 Construction2673.016,2314.1 
 Manufacturing1,70118.957,26814.4 
 Trade, Transportation and Utilities1,17913.168,18017.1 
 Information630.76,3701.6 
 Financial Activities2152.413,2283.3 
 Professional and Business Services4424.947,59812.0 
 Education and Health ServicesN/AN/A41,26010.4 
 Leisure and Hospitality8349.343,76411.0 
 Other Services and Unclassified1822.09,4472.4 
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
     
  Top 20 by Employment  
  Firm Product(s)/Service(s) Emp. Year
Established
 
  Source: Kentucky Cabinet for Economic Development (November 22, 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  
  Woodford $0.1700 $0.1710 $0.1533    
  City  
  Midway $0.1020 $0.1400 $0.1200    
  Versailles $0.0560 $0.1035 $0.1200    
  School District  
  Woodford County Schools $0.6640 $0.6640 $0.5090    
  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  
  Woodford   1.50%   1.50% (on net profits/gross wages)  
  City  
  Midway   2.00%   2.00% (on net profits)  
  Versailles   1.50%   1.50% (on net profits)  
  School District  
  Woodford 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 Woodford County
  Electric  
 East Kentucky Power Cooperative - 859-744-4812 
    Blue Grass Energy Cooperative Corp - 859-885-4191 
 Kentucky Utilities (a PPL company) - 800-383-5582 
    Frankfort Electric & Water Plant Board - 502-352-4501 
     
  Natural Gas  
 Columbia Gas of Kentucky Inc - 859-288-0227 
     
  Sewer  
  Treatment Information (gallons per day) Capacity Avg. Flow Excess  
 Midway Municipal Sewer - 859-846-4413 
 Midway STP750,000429,000321,000 
 Versailles Municipal Utilities - 859-873-5436 
 Versailles Wastewater Treatment Plant3,000,0002,443,000557,000 
  Treatment information provided by Division of Water, 502-564-3410
 
  Water  
  System Information (gallons per day) Capacity Avg. Use Excess  
 Kentucky-American Water Company - 859-268-632090,000,00047,047,90342,952,097 
 Northeast Woodford Water District - 859-873-7334N/AN/AN/A 
 Versailles Municipal Utilities - 859-873-543610,000,0002,988,3877,011,613 
  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): Woodford County - $185,500 for 180 homes  
  Source: KY Department of Revenue. Data based on sales for last six months of year indicated.  
  Climate  
  Temperature    
  Normal (30-year record) 55.5 degrees  
  Average Annual, 2015 56.2 degrees  
  Record Highest, July 2012 (71-year record) 105 degrees  
  Record Lowest, January 1963 (71-year record) -21 degrees  
  Normal Heating Degree Days (30-year record) 4,611  
  Normal Cooling Degree Days (30-year record) 1,190  
  Precipitation    
  Normal (30-year record) 45.17 inches  
  Mean Annual Snowfall (30-year record) 13 inches  
  Total Precipitation, 2015 59.89 inches  
  Mean Number of Days Precipitation (0.01 inch or more) (30-year record) 129.8  
  Mean Number of Days Thunderstorms (68-year record) 39.8  
  Prevailing Winds South  
  Relative Humidity (30-year record)    
  1 a.m. 79 percent  
  7 a.m. 83 percent  
  1 p.m. 61 percent  
  7 p.m. 66 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: Blue Grass Airport, Lexington, KY.
 
     
  Public School District Enrollments, 2015-2016  
    Total Enrollment Pupil To Teacher Ratio  
  Woodford County Schools 3,936 16.7  
  Source: Kentucky Department of Education, Office of Assessment and Accountability.