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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

Amanda Davenport
Executive Director
Lake Barkley Partnership for Economic Development
200 Industrial Drive
Marion, KY 42064
Phone: 940-391-7159
WEB: thinkrural.com
E-mail: lakebarkleypartnership@gmail.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

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

 

Statistical Summary
  Population 2017
Caldwell & Lyon Counties 20,721
Labor Market Area 400,591
   
 
Per Capita Personal Income 2016 $33,429
Median Household Income 2016 $43,491 - 47,861
Median Home Price 2017 $82,000 - 168,000
   
  Unemployment Rate 2018
Caldwell & Lyon Counties 4.9%
Labor Market Area 5.2%
U.S. 3.9%
   
  Average Weekly Wage 2017
Caldwell & Lyon Counties $612
Labor Market Area $760
U.S. $1,042


 

 

Location

 

 

Selected Market Centers

Percent of U.S. Within 600 Miles of Eddyville


Population
43%

Personal Income
55%

Retail Sales
40%

Manufacturing Employment
51%

Highway Distance to Selected Market Centers
    City Miles   City Miles   City Miles  
  1. Atlanta, GA 347 11. Dallas, TX 644 21. Nashville, TN 104  
  2. Baltimore, MD 756 12. Detroit, MI 545 22. New Orleans, LA 587  
  3. Birmingham, AL 294 13. Houston, TX 766 23. New York, NY 924  
  4. Boston, MA 1,133 14. Indianapolis, IN 268 24. Norfolk, VA 799  
  5. Buffalo, NY 716 15. Jacksonville, FL 696 25. Oklahoma City, OK 660  
  6. Charlotte, NC 508 16. Kansas City, MO 453 26. Omaha, NE 643  
  7. Chicago, IL 407 17. Lexington, KY 222 27. Philadelphia, PA 851  
  8. Cincinnati, OH 283 18. Louisville, KY 180 28. Pittsburgh, PA 570  
  9. Cleveland, OH 530 19. Memphis, TN 197 29. St. Louis, MO 211  
  10. Columbus, OH 390 20. Minneapolis, MN 784 30. Wichita, KS 649  
  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 143-003 Pennyrile WestPark 379.8 255 No 0.5 35  
  Shovel-ready 143-002 Lyon County Riverport 174.8 174.8 No 2.6 41  
  Shovel-ready 143-001 Eddyville Industrial Park 106 70 Possible 0.5 35  
  Shovel-ready 033-001 Princeton Industrial Park 135.9 48.9 No 2 105  
  Shovel-ready 033-005 Princeton -- Site 033-005 17.5 17.5 Possible 0.88 108  

 


 

 

Buildings

 
Available Industrial Buildings
Click on a building point for details
  Bldg. ID Building Name Square Feet Ac. Min. Ceiling Ht. Rail  
  033-007 Build Ready Site 033-001 75,000 47.5 99.0' 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 406,828 405,791 404,387 402,761 400,591  
  Caldwell & Lyon Counties 21,264 21,159 20,979 20,637 20,721  
 Eddyville2,6072,5932,5752,5722,567 
 Princeton6,2446,2246,1786,1196,108 
  Source: U.S.  Department of Commerce, Bureau of the Census, Annual Estimates.  

  Population by Selected Age Groups, 2017  
    Caldwell & Lyon Counties Labor Market Area  
Number Percent Number Percent  
  Under 16 3,487 16.8 80,108 20.0  
  16-24 1,934 9.3 50,574 12.6  
  25-44 4,754 22.9 95,581 23.9  
  45-64 5,889 28.4 102,090 25.5  
  65-84 4,118 19.9 63,453 15.8  
  85 and older 539 2.6 8,660 2.2  
  Median Age 45.6   39.5    
  Source: U.S. Department of Commerce, Bureau of the Census.  

  Population by Race and Hispanic Origin, 2017  
    Caldwell & Lyon Counties Labor Market Area  
Number Percent Number Percent  
  White 19,129 92.3 351,968 87.9  
  Black or African American 1,131 5.5 34,317 8.6  
  Am. Indian & Alaska Native 65 0.3 1,635 0.4  
  Asian 84 0.4 3,704 0.9  
  Native Hawaiian & other Pacific Islander 9 0.0 503 0.1  
  Other/Multirace 303 1.5 8,339 2.1  
  Hispanic Origin 370 1.8 14,567 3.6  
  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  
  Caldwell & Lyon Counties 21,109 21,143 21,095 20,983  
  Source:  Kentucky State Data Center, University of Louisville.  

  Per Capita Personal Income 2015  
    2011 2016 Pct. Change  
  Caldwell & Lyon Counties $29,666 $33,429 12.7 %  
  Kentucky $33,989 $38,926 14.5 %  
  U.S. $41,560 $49,246 18.5 %  
  Labor Market Area Range $28,429- $39,872 $30,656- $45,927    
  Source: U.S. Department of Commerce, Bureau of Economic Analysis.  

  Households  
    2016 2016  
  Number of Households Persons Per Household Median Household Income  
  Caldwell County 5,322 2.37 $43,491  
  Lyon County 3,326 2.09 $47,861  
  Source: U.S. Department of Commerce, Bureau of the Census.  

 


 

 

Workforce

 

 

 

  Civilian Labor Force  
    Caldwell & Lyon Counties Labor Market Area  
  2018 Apr. 2019 2018 Apr. 2019  
  Civilian Labor Force 8,482 8,522 167,216 167,163  
  Employed 8,070 8,156 158,594 159,873  
  Unemployed 412 366 8,622 7,290  
  Unemployment Rate (%) 4.9 4.3 5.2 4.4  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Caldwell & Lyon Counties Labor Market Area Kentucky U.S.  
  2014 6.7 6.9 6.5 6.2  
  2015 5.7 6.0 5.4 5.3  
  2016 5.4 5.7 5.0 4.9  
  2017 5.4 5.7 4.9 4.4  
  2018 4.9 5.2 4.3 3.9  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Caldwell & Lyon Counties 2015 Percent  
  Working and Residing In County 3,459 47.5  
  Commuting Out of County 3,820 52.5  
  Total Residents 7,279 100.0  
  Employees in  
  Working and Residing In County 3,459 56.4  
  Commuting Into County 2,674 43.6  
  Total Employees 6,133 100.0  
  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  
    Caldwell & Lyon Counties Kentucky
(Statewide)
U.S.  
 Total All Industries$612$845$1,042 
 Total Private Industries6048651,064 
 Natural Resources and Mining6861,0491,086 
 Construction8641,0111,155 
 Manufacturing8471,1081,272 
 Trade, Transportation and Utilities588789881 
 Information8361,0442,011 
 Financial Activities7341,2361,752 
 Professional and Business Services5149311,377 
 Education and Health Services663906940 
 Leisure and Hospitality274327441 
 Other Services and Unclassified577626734 
  Source: JobsEQ, Chmura Economics.  

 


 

 

Education & Training

 

 

  Four-Year Colleges and Universities Within 60 Miles of Eddyville  
  Institutions engaged in furnishing academic courses and granting degrees at baccalaureate or graduate levels.  
  Miles Institution Location Enrollment
(Fall 2018)
 
  31  Murray State University, Paducah Regional Campus  Paducah  N/A  
  35  Murray State University  Murray  10,012  
  36  Murray State University, Hopkinsville Regional Campus  Hopkinsville  N/A  
  36  Murray State University, Madisonville Regional Campus  Madisonville  N/A  
  54  Austin Peay State University  Clarksville, TN  10,463  
  59  Murray State University, Henderson Regional Campus  Henderson  N/A  
      Total Enrollments 20,475  
  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 Eddyville  
  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)
 
  31  West Kentucky Community & Technical College, Main Campus  Paducah  † 6,038  
  36  Hopkinsville Community College, Main Campus  Hopkinsville  † 2,640  
  36  Madisonville Community College, Health Campus  Madisonville  N/A  
  36  Madisonville Community College, Main Campus  Madisonville  † 3,404  
  54  Daymar Institute, Clarksville Campus  Clarksville, TN  1,025  
  54  North Central Institute  Clarksville, TN  93  
  55  Madisonville Community College, Muhlenberg Campus  Central City  N/A  
  59  Henderson Community College  Henderson  1,490  
      Total Enrollments 14,690  
  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 Eddyville  
    Enrollment (2017-2018)  
  Miles Institution Location Sec P/S Total  
  11  Caldwell County ATC  Princeton  461 N/A 461  
  22  Marshall County Technical Center  Benton  989 N/A 989  
  31  Paducah ATC  Paducah  629 N/A 629  
  35  Murray/Calloway County ATC  Murray  389 N/A 389  
  36  Gateway Academy to Innovation and Technology  Hopkinsville  547 N/A 547  
  37  Webster County ATC  Dixon  562 N/A 562  
  39  Mayfield/Graves County ATC  Mayfield  616 N/A 616  
  43  Union County Area Vocational Ed Center  Morganfield  1091 N/A 1091  
  51  Muhlenberg County CTC  Greenville  385 N/A 385  
  53  Ballard County CTC  Barlow  576 N/A 576  
  59  Henderson County ATC  Henderson  2188 N/A 2188  
      Total Enrollments 8,433     8,433   
  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 Location00$0 
 Manufacturing Expansion216$4,620,640 
 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 (October 30, 2019).
 
  Employment by Major Industry by Place of Work, 2017  
    Caldwell & Lyon Counties Labor Market Area  
  Employment Percent Employment Percent  
 Total All Industries7,382100.0170,405100.0 
 Total Private Industries4,85065.7125,88273.9 
 Natural Resources and Mining1181.63,0021.8 
 Construction1662.27,1804.2 
 Manufacturing99113.420,38312.0 
 Trade, Transportation and Utilities1,19716.234,94420.5 
 Information320.41,6391.0 
 Financial Activities2443.35,2823.1 
 Professional and Business Services3024.111,9897.0 
 Education and Health Services78110.621,23912.5 
 Leisure and Hospitality90612.316,7529.8 
 Other Services and Unclassified1131.53,4692.0 
  Source: JobsEQ, Chmura Economics.  
     
  Top 20 by Employment  
  Firm Product(s)/Service(s) Emp. Year
Established
 
 Eddyville 
 Exel IncProcessing, blending, & grinding of plastics & chemicals712003 
 H & G Limestone Products LLCCrushed limestone fine grinded product for various applications including kitty litter22013 
 Fredonia 
 Lafarge NALimestone191920 
 Perry Hardwood Lumber IncCrossties, timbers & lumber91987 
 Kuttawa 
 Technical Welding Inspection IncVisual inspections - x-ray, nondestructive, ultrasonic, and dye penetrant; mechanical Integrity inspections, API inspections, CWI inspections251999 
 Princeton 
 AEK Transport Services LLCTrucking; General freight and cargo hauling, long-distance, less than truckload02016 
 Bodycote IncHIP (Hot Isostatic Pressing)231981 
 Hydro-Gear LPDesigns & manufactures hydrostatic pumps, transmissions & trans-axles for the lawn & garden industry2602006 
 Pennyroyal IndustriesSheltered workshop: contract manufacturing, plaques, packaging rivets, trophies, engraving and road signs121969 
 Princeton Finishing IncCotton athletic sock finishing261997 
 Rogers GroupCrushed limestone17N/A 
 Special Metals CorporationMetal powder & nickel base metal alloy billets671971 
 Times Leader & Pacesetter PrintingTwice-weekly newspaper and sheet-fed commercial printing. Also advertising opportunities on the Internet.111871 
 TreeHouse Foods IncCookies & crackers5941993 
  Source: Kentucky Cabinet for Economic Development (October 30, 2019).  

 


 

 

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  
  Caldwell $0.2504 $0.3043 $0.2320    
  Lyon $0.2930 $0.3637 $0.2760    
  City  
  Eddyville $0.3470 $0.3087 $0.1990    
  Fredonia $0.2700 $0.2700 $0.2700    
  Kuttawa $0.1790 $0.3338 $0.2200    
  Princeton $0.1570 $0.2050 $0.1220    
  School District  
  Caldwell County Schools $0.4460 $0.4460 $0.5380    
  Lyon County Schools $0.4490 $0.4490 $0.4360    
  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  
  Caldwell   1.50%   1.50% (on net profits)  
  Lyon   No tax   No tax  
  City  
  Eddyville   1.50%   No tax  
  Fredonia   No tax   No tax  
  Kuttawa   No tax   No tax  
  Princeton   1.50%   1.50% (on net profits)  
  School District  
  Caldwell County Schools   No tax   No tax  
  Lyon 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 Caldwell & Lyon Counties
  Electric  
 Big Rivers Electric Corporation - 270-827-2561 
    Kenergy Corporation - 270-684-6100 
 Kentucky Utilities (a PPL company) - 800-383-5582 
 Tennessee Valley Authority - 865-632-2101 
    Pennyrile RECC - 270-886-2555 
    Princeton Electric Plant Board - 270-365-2031 
     
  Natural Gas  
 Atmos Energy Corporation - 270-685-8069 
 City of Eddyville - 270-388-2226 
     
  Sewer  
  Treatment Information (gallons per day) Capacity Avg. Flow Excess  
 Eddyville Sewer Department - 270-388-2226 
 Eddyville STP1,000,000409,000591,000 
 Kuttawa Wastewater Treatment Plant - 270-388-7151 
 Kuttawa STP330,000138,000192,000 
 Princeton Water and Wastewater Department - 270-365-9301 
 Princeton STP1,570,0001,160,000410,000 
  Treatment information provided by Division of Water, 502-564-3410
 
  Water  
  System Information (gallons per day) Capacity Avg. Use Excess  
 Eddyville Water Department - 270-388-22261,500,000468,5361,031,464 
 Kuttawa Water Department - 270-388-7151720,000278,129441,871 
 Princeton Water and Wastewater Department - 270-365-93013,000,0001,629,9351,370,065 
  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): Caldwell County - $82,000 for 51 homes, Lyon County - $168,000 for 64 homes  
  Source: KY Department of Revenue. Data based on sales for last six months of year indicated.  
  Climate  
  Temperature    
  Normal (30-year record) 59.3 degrees  
  Average Annual, 2017 62.4 degrees  
  Record Highest, June 2012 (78-year record) 109 degrees  
  Record Lowest, January 1985 (78-year record) -17 degrees  
  Normal Heating Degree Days (30-year record) 3,688  
  Normal Cooling Degree Days (30-year record) 1,646  
  Precipitation    
  Normal (30-year record) 47.25 inches  
  Mean Annual Snowfall (30-year record) 6.3 inches  
  Total Precipitation, 2017 52.92 inches  
  Mean Number of Days Precipitation (0.01 inch or more) (30-year record) 118.9  
  Mean Number of Days Thunderstorms (70-year record) 50.4  
  Prevailing Winds South  
  Relative Humidity (30-year record)    
  12 midnight 79 percent  
  6 a.m. 84 percent  
  12 noon 57 percent  
  6 p.m. 61 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: Nashville Intl. Airport, Nashville, TN.
 
     
  Public School District Enrollments, 2016-2017  
    Total Enrollment Pupil To Teacher Ratio  
  Caldwell County Schools 1,903 16.8  
  Lyon County Schools 886 16.1  
  Source: Kentucky Department of Education, Office of Assessment and Accountability.