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Market Scope

Bluegrass Rankings


2017

#6 Best Large Real Estate Market, WalletHub
#2 Automotive Manufacturing Strength (Kentucky), Business Facilities 
#6 Top Manufacturing State, Business Facilities 
#5 Best Cost of Doing Business (Kentucky), Business Facilities
#8 Lowest Industrial Electricity Rates (Kentucky), Business Facilities
#7 Best City for FDI Strategy, Business Facilities
#19 Overall Best City of the Midwest, Midwest Startups
#30 Best City for Startups, Midwest Startups
#17 Best City for Startup Resources, Midwest Startups
#24 Best City for Economics and Demographics, Midwest Startups
#5 Best Run City, WalletHub
#7 Best City for New Grads, SmartAsset
#7 Top Small American City of the Future 2017/18 for FDI Strategy, fDi Intelligence
#4 Top Mid-Sized Metro for Economic Development, Site Selection Magazine
#8 Best City to Start a Business, HeroPay
#2 State for Economic Development Projects per Capita, Site Selection Magazine
#4 State for Total Economic Development Projects in Micropolitan AreasSite Selection Magazine
#7 State for Total Economic Development Projects, Site Selection Magazine
#32 Most Recession-Recovered Large City, WalletHub
#34 Best Place for Business and Careers, Forbes
#46 City with the Best Cost of Business, Forbes


2016

#1 In Projects per Capita,  Site Selection Magazine
#8 City with the Lowest Startup Costs,  Smart Asset
#1 Best Large City for First Time Home Buyers,  WalletHub
#5 State with the Best Schools,  WalletHub
#1 Chamber of the Year,  Association of Chamber of Commerce Executives
#3 Best Places to Retire,  CNN Money
#19 Best College Town in America, Best College Reviews
#30 Best City for Women in the Workforce, Nerd Wallet
#31 Best Mid-Sized City to Make a Living, Money Geek
Best Places to Retire, Forbes
Top Retirement Destination, Where to Retire

MAJOR EMPLOYERS 2016

Company                                                 Industry          Employees
University of Kentucky                               Education          13,250
Fayette County Public Schools                  Education           5,427
Xerox                                                         Outsourcing        3,000
Lexington-Fayette Urban County Govt.     Government        2,821
KentuckyOne Health                                 Healthcare           2,450
Baptist Health                                            Healthcare           2,443
Lexmark International Inc                          World HQ             2,157
Wal-Mart                                                    Retail                   2,027
Veterans Medical Center                           Healthcare          1,565
Amazon.com                                             Distribution          1,300
Lockheed Martin                                       Manufacturing      1,100
Cardinal Hill Rehabilitation Hospital          Healthcare           1,000
Trane Lexington                                        Manufacturing      1,000

LEXINGTON, KY WAGES BY INDUSTRY (Average Weekly Wages)
Goods-Producing                                        
$1,166
   Natural Resources and Mining $924
   Construction $995
   Manufacturing $1,308
Service-Producing $750
   Trade,Transportation, and Utilities $688
   Information $848
   Financial Activities $1,124
   Professional and Business Services $904
   Education and Health Services $927
   Leisure and Hospitality $328
   Other Services $649
   Unclassified $959
Total, All Industries $844
Updated May 2016.
Source:  U.S. Census Bureau, Quarterly Census of Employment and Wages.

POPULATION
                                                            LEXINGTON, KY        KENTUCKY
Population estimate July 1, 2016              318,449             4,436,974
Population estimate July 1, 2015                  314,488              4,425,092
Population estimate July 1, 2014                  310,797              4,413,457
Population estimate base April 1, 2010         295,803              4,339,349
Population, percent change - 2010 to 2015        6.3%                     2.0%
Population, percent change - 2010  to  2014      5.1%                     1.7%
Population, Census, April 1, 2010                 295,803              4,339,367
Source: US Census Bureau






Cost of Living Index - 2015 Annual Averages                            
Location        Composite    Grocery    Housing    Utilities   Transportation   Health Care   
Lexington         90.4            93.4           76.3        81.4          96.7                95.8   
Nashville, TN     95.2            95.7           82.1        97.5          98.1                86.6   
Columbus, OH    90.5            92.9           77.8        99.2          91.2                95.9  
Louisville, KY     92.2            92.8           80.1        90.1         102.2               89.4  
Raleigh, NC       90.5           102.3          72.4         98            89.6                99.6   
Indianapolis, IN  91.1           92.9            82.1        90.8          92                  99.3   
Charlotte, NC     96.4          101.6           81.9       105.4         96.7              102.8   
Atlanta, GA        99.9          103.7           97.4         93.5         105               101.4   
Source:  Commerce Lexington