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Regional Facts & Figures

Horsefarm

Photo by Charles Bertram | Staff

The Community

The city of Lexington (Fayette County) has 295,803 residents and has grown 13.5% since the 2000 Census.

The Bluegrass region has 604,300 residents according to 2010 U.S. Census Bureau. The region's population consists of Bourbon, Clark, Fayette (Lexington), Franklin, Jessamine, Madison, Scott, and Woodford counties.

The state of Kentucky has 4,339,367 residents. The state population has grown 7.4% since the 2000 Census.

Lexington Facts & Figures

Horses aren't the only athletes in town worth watching. The University of Kentucky's football and basketball programs are popular as well.

Market: Lexington, a mid-sized college town with a well-educated population, continues to grow while maintaining its charm. Lexington's diverse economy is dispersed among the service industry, government, retail trade, manufacturing and construction. It remains the regional health care, education and shopping hub for Central and Eastern Kentucky.

Location: Lexington is Kentucky's second-largest city and is the 63rd largest city in the US. It is centrally located 81 miles south of Cincinnati and 74 miles east of Louisville. Lexington is within a day's drive of 70 percent of the U.S. population.

Transportation: Interstate 75 provides ready access from the north and south; Interstate 64 provides east and west transportation. Blue Grass Airport provides jet service to the region. Louisville and Greater Cincinnati airports are within easy driving distance.

Household Growth Rate: 13.5% from 2000 to 2010 (2010 Census)

Education: 85.5% High school graduates; 39% Bachelor's degree or higher (2010 Census)

Ethnic Makeup: 75.7% White; 14.5% Black; 6.9% Hispanic; 3.2% Asian; 2.5% Two or more races; .3% American Indian and Alaska Native (2010 Census)

Median Age: 33 Median Income: $46,386 (2010 Census)

Median Home Value: $155,400 (2010 Census) Average Rent: $739 a month for two bedrooms (ApartmentRatings.com)

Location

Lexington is located at the center of a 31 state distribution area and is within a 600-mile radius of the majority of the nation's manufacturing employment, retail sales, and population. By virtue of this geographic location and Kentucky's integrated system of state maintained roads, interstates and parkways, the Bluegrass is within overnight range of over half of the U.S. market.

Economy

The largest employer in the Bluegrass Region is the University of Kentucky, employing over 12,000 educators, administrators and support staff. Toyota is the largest manufacturer and Saint Joseph Healthcare is the largest solely healthcare employer in the region. The Fayette County Public School system and Lexington-Fayette Urban County Government are the largest single government organizations in the area.

The Bluegrass is a greater than $20 billion economy marked by consistent, sustainable growth. Between 2001 and 2008, the Bluegrass' economy has grown 20% overall which translates to a real compound annual growth rate of 2.3% - higher than both the state of Kentucky and the USA. In particular, the Bluegrass' goods-producing sector outpaced the USA as a whole by a factor of 2.

Education

Building on its early reputation as the Athens of the West, Lexington continues to excel in education. Along with some of the best public schools in the state, Lexington also has one of the best educated labor forces in the nation. Census data for cities over 250,000 people ranks the city as the thirteenth most highly educated in the nation based on the 39.1% of the population 25 years or older that has at least a Bachelor's degree. Even more impressive, when education levels all the way down to high school graduates are considered, Lexington claims the title of second most educated workforce in the nation (Business Facilities, 2008), trailing only Seattle, Washington.

 

SOURCES:
U.S. Census Bureau: State and County QuickFacts.
Data derived from Population Estimates, Census of Population and Housing, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits, Consolidated Federal Funds Report Last Revised: Friday, 03-Jun-2011 15:28:22 EDT

Commerce Lexington



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