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Situation & Outlook Report

Richmond-Berea, KY Micropolitan Statistical Area
(CBSA 40080)
Geographic-Demographic-Economic Characteristics -- access other areas
See about updates.

This section is no longer being updated. Access the permanent replacement section at http://proximityone.com/cbsa/1/cbsa40080.htm. Please bookmark this new URL.

Access 2018 S&O Reports, featuring county and metro projections to 2030, via the interactive table at http://proximityone.com/metros.htm. The 2018 reports are similar but have been greatly expanded and updated.

Contents of this Report
This document is organized into these sections:
1. Recent Trends & Outlook
2. Overview & Updates
3. Reference & Thematic Pattern Maps
3.1. Lay of the Land
3.2. Neighborhood Patterns of Economic Prosperity
4. Population Characteristics & Trends
4.1. Component City Characteristics
4.2. Component County Characteristics
4.2.1. RDEMS Component County Characteristics
4.3. General Demographic Characteristics
5. Housing Characteristics & Trends
5.1. Total Housing Units
5.2. General Housing Characteristics
5.3. Residential Construction; Housing Units Authorized & Value
5.4. Housing Price Index
6. Economic Characteristics & Trends
6.1. Economic Profile
6.2. Cost of Living Indexes
6.3. Cost of Doing Business Indexes
6.4. Consumer Price Index
6.5. Gross Domestic Product
6.6. Establishments, Employment & Earnings by Type of Business
6.7. Labor Market Characteristics & Trends
7. Education Infrastructure
7.1. Component School District Characteristics
7.2. Component Higher Education Institution Characteristics
8. GeoPolitics
  Terms of Use
  Related Resources
  Using this Document
  Updates
  About Metros & Principal Cities
  Glossary


1. Recent Trends & Outlook
Summary of recent business, demographic, economic trends; year-ahead & 5-year outlook.
- the Recent Trends & Outlook section, updated quarterly, covers topics about this metro such as .. assessing the implications of next jobs report .. impact of Fed''s interest rate action .. which sectors are expanding or contracting .. housing market conditions .. insights to help your planning and decision-making. The Recent Trends & Outlook section is available in the subscription edition.

2. Overview & Update
The total population of the Richmond-Berea, KY MISA metro changed from 100,262 in 2010 to 103,522 in 2015, a change of 4,504 (4.5%). Among all 917 metros, this metro was ranked number 376 in 2010 and 367 in 2015, based on total population. Annual net migration was 796 (2011), 340 (2012), -77 (2013), 1,015 (2014), 1,015 (2015). View annual population estimates and components of change table. See more about population characteristics below.

This metro is projected to have a total population in 2020 of 110,359. The projected population change from 2010 to 2020 is 9,425 (9.3%). The population ages 65 years and over is projected to change from 12,234 (2010) to 19,236 (2020), a change of 7,002 (57.2%). See more about population projections.

Based on per capita personal income (PCPI), this metro was ranked number 838 in 2008 and 809 in 2014. among the 917 metros for which personal income was estimated.The PCPI changed from $26,958 in 2008 to $31,629 in 2014, a change of $4,671 (17.3%). Per capita personal income (PCPI) is a comprehensive measure of individual economic well-being. Use the interactive table to compare PCPI in this metro to other metros. See more about PCPI in Economic Characteristics section below.

Attributes of driil-down, small area geography within the metro ... metros account for 65,744 of the national scope 73,056 census tracts (others are in non-metro areas). This metro is comprised of 23 tracts covering the metro wall-to-wall. View, rank, compare demographic-economic attributes of these tracts using the interactive tables. Use the CBSA code 40080; see table usage details below the table.

3. Lay of the Land & Neighborhood Patterns of Economic Prosperity   go top

3.1. Lay of the Land go top
Lay of the Land. The following map shows the metro with bold boundary.
Counties are labeled with county name and state-county FIPS code.

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

3.2. Patterns of Economic Prosperity by Neighborhood go top

Median household income by census tract (see color/data legend at left of map).

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

4. Population Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

4.1. Component City Characteristics go top
Principal Cities (about principal cities); Click link to view city profile.
  •   Berea
  •   Richmond

Cities 10,000 population and over; click link to view city profile.
  AreaCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-14
%Change
2010-14
  Berea, KY (2105842) 13,561 13,752 13,956 14,222 14,446 14,658 906 6.60
  Richmond, KY (2165226) 31,364 32,055 32,489 32,485 32,997 33,556 1,501 4.70

All places interactive tables General Demographics | Social | Economic | Housing
All places time series population estimates interactive table.

4.2. Component County Characteristics   go top
Updated periodically, annually. General demographics, social characteristics and extended detail Available in subscription edition.

Metropolitan areas are defined as one or more contiguous counties based on a set of demographic-economic criteria. Counties comprising the metro are shown below. For multi-county metros, this section provides insights into how the population is changing by county. Many metros changed geographic composition (counties included in the metro) between the Census 2010 vintage and the current vintage. These changes, if any, are also shown below (county is marked with **). See projections in related section.Click county code link to view county components of change.

  AreaJuly 1
2010
PctJuly 1
2011
PctJuly 1
2012
PctJuly 1
2013
PctJuly 1
2014
PctJuly 1
2015
Pct
Metro Summary ... more details 197,069 100.0 202,628 100.0 202,375 100.0 202,173 100.0 203,483 100.0 204,275 100.0
  Madison County (21151) 83,195 42.2 84,230 41.6 84,924 42.0 85,523 42.3 86,687 42.6 87,824 43.0
  Rockcastle County (21203) 17,067 8.7 17,114 8.4 17,076 8.4 16,744 8.3 16,835 8.3 16,942 8.3

All counties interactive tables General Demographics | Social | Economic | Housing
All counties population estimates & components of change time series interactive table.

4.2.1. RDEMS County Characteristics
Updated quarterly. For more information, see RDEMS Main.
Links open HSG1 Housing & New Residential Construction section. Select other sections from list above table.
  Madison County, KY

4.3. General Demographic Characteristics
Updated annually. For more information, detail & to compare areas use interactive table.
  Item20132014Change
2013-14
%Change
2013-14
Total Population: Race/Origin 103,433 103,645 212 0.20
  One race 101,635 102,454 819 0.81
    White 95,805 95,887 82 0.09
    Black/African American 95,805 95,887 82 0.09
    American Indian/Alaska Native 306 203 -103 -33.66
    Asian alone 321 662 341 106.23
    Native Hawaiian/Pacific Islander 164 0 -164 -100.00
    Some other race alone 537 700 163 30.35
  Two or more races 1,798 1,191 -607 -33.76
  Hispanic or Latino (of any race) 1,997 2,016 19 0.95
Population 25 years and over 64,303 65,547 1,244 0.95
  % high school graduate or higher 85.7 85.8 0.1 0.12
  % bachelor's degree or higher 28.4 26.5 -1.9 -6.69
Total Households 39,116 39,682 566 -6.69
  Median household income ($) 42,366 42,027 -339 -0.80
  Mean household income ($) 56,272 55,523 -749 -1.33
  Item20132014Change
2013-14
%Change
2013-14
Total Population: Gender & Age 103,433 103,645 212 0.20
  Male 50,778 50,418 -360 -1.33
  Female 52,655 53,227 572 -1.33
  Under 5 years 5,831 5,292 -539 -1.33
  5 to 9 years 6,305 6,628 323 5.12
  10 to 14 years 6,764 5,822 -942 -13.93
  15 to 19 years 8,519 8,649 130 1.53
  20 to 24 years 11,711 11,707 -4 -0.03
  25 to 34 years 12,337 12,373 36 0.29
  35 to 44 years 13,014 12,764 -250 -1.92
  45 to 54 years 13,756 14,157 401 2.92
  55 to 59 years 5,564 6,758 1,194 21.46
  55 to 59 years 5,564 6,758 1,194 21.46
  60 to 64 years 6,288 5,419 -869 -13.82
  65 to 74 years 7,884 8,561 677 8.59
  75 to 84 years 3,729 4,087 358 9.60
  85 years and over 1,731 1,428 -303 -17.50
  Median age 35.2 36.1 0.9 2.56
  18 years and over 80,895 82,374 1,479 1.83
  21 years and over 73,433 74,442 1,009 1.37
  62 years and over 17,567 17,754 187 1.06
  65 years and over 13,344 14,076 732 5.49

5. Housing Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

5.1. Total Housing Units
Updated Annually. Independent annual model-based estimates. For more information, detail & to compare areas use interactive table.
  ItemCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-2014
%Change
2010-2014
  Total Housing Units 42,746 42,786 42,935 43,143 43,329 43,507 721 1.69

5.2. General Housing Characteristics
Updated Annually. For more information, detail & to compare areas use interactive table.
  Item20132014Change
2013-14
%Change
2013-14
Housing Units: Units in Structure 43,268 43,498 230 0.53
  1-unit, detached 28,953 27,418 -1,535 -5.30
  1-unit, attached 578 159 -419 -72.49
  2 units 1,608 2,342 734 45.65
  3 or 4 units 2,104 3,207 1,103 52.42
  5 to 9 units 2,892 2,517 -375 -12.97
  10 to 20 units 2,216 1,827 -389 -17.55
  20 or more units 1,149 916 -233 -20.28
  Item20132014Change
2013-14
%Change
2013-14
Housing Units: Occupancy & Tenure 43,268 43,498 230 0.53
  Occupied Housing Units 39,116 39,682 566 1.45
    Owner 24,556 23,954 -602 -2.45
    Renter 14,560 15,728 1,168 8.02
  Vacant Housing Units 4,152 3,816 -336 -8.09
  Homeowner vacancy rate 1.80 0.60 -1.20...
  Rental vacancy rate 3.40 4.60 1.20...
Average household size; owner-occ 2.60 2.53 -0.07 -2.69
Average household size; renter-occ 2.32 2.31 -0.01 -0.43
Median Value $ owner occupied 120,500 133,900 13,400 11.12
Median Rent $ renter occupied 656 645 -11 -1.68

6. Economic Characteristics & Trends go top

6.1. Economic Profile go top
The Economic Profile shows shows derivation and key components of total personal income. Data are organized by place of residence and place of work. The place of residence profile includes estimates of total personal income, population, and per capita personal income. The place of work profile includes estimates of total earnings, total employment and average earnings per job. Updated annually. See related interactive table.

  Item20112012201320142015Change
2011-2015
%Change
2011-2015
Personal income 2,970,119 3,043,591 3,094,633 3,278,627 3,462,112 491,993 16.6
  Net earnings 1/ 1,814,029 1,887,610 1,903,140 1,994,904 2,117,141 303,112 16.7
  Personal current transfer receipts 776,752 764,960 789,466 858,773 902,677 125,925 16.2
    Income maintenance 2/ 91,405 92,744 92,031 90,186 88,473 -2,932 -3.2
    Unemployment insurance compensation 29,819 22,597 17,063 8,813 7,093 -22,726 -76.2
    Retirement and other 655,528 649,619 680,372 759,774 807,111 151,583 23.1
  Dividends, interest, and rent 3/ 379,338 391,021 402,027 424,950 442,294 62,956 16.6
  Population 4/ 101,344 102,000 102,267 103,522 104,766 3,422 3.4
  Per capita personal income 29,307 29,839 30,260 31,671 33,046 3,739 12.8
  Per capita net earnings 17,900 18,506 18,610 19,270 20,208 2,308 12.9
  Per capita personal current transfer receipts 7,665 7,500 7,720 8,296 8,616 951 12.4
    Per capita income maintenance 902 909 900 871 844 -58 -6.4
    Per capita unemployment insurance compensation 294 222 167 85 68 -226 -76.9
    Per capita retirement and other 6,468 6,369 6,653 7,339 7,704 1,236 19.1
  Per capita dividends, interest, and rent 3,743 3,834 3,931 4,105 4,222 479 12.8
  Earnings by place of work 1,755,845 1,832,416 1,902,591 1,984,192 2,050,627 294,782 16.8
    Wages and salaries 1,241,767 1,290,826 1,359,630 1,436,352 1,474,889 233,122 18.8
    Supplements to wages and salaries 389,135 411,410 412,881 416,999 436,090 46,955 12.1
      Employer cont. for empl. pension & insur. funds 6/ 289,617 308,723 305,020 302,667 319,614 29,997 10.4
      Employer cont. for government social insurance 99,518 102,687 107,861 114,332 116,476 16,958 17.0
    Proprietors' income 124,943 130,180 130,080 130,841 139,648 14,705 11.8
      Nonfarm proprietors' income -9,467 -9,718 -3,265 -2,655 -2,486 6,981...
      Farm proprietors' income 134,410 139,898 133,345 133,496 142,134 7,724 5.7
Total full-time and part-time employment 48,743 49,330 51,014 51,760 52,386 3,643 7.5
  Wage and salary jobs 38,322 39,049 40,641 41,377 41,741 3,419 8.9
  Number of proprietors 10,421 10,281 10,373 10,383 10,645 224 2.1
    Number of nonfarm proprietors 7/ 1,753 1,721 1,728 1,736 1,734 -19 -1.1
    Number of farm proprietors 8,668 8,560 8,645 8,647 8,911 243 2.8
Average earnings per job (dollars) 36,023 37,146 37,295 38,334 39,145 3,122 8.7
  Average wages and salaries 32,404 33,057 33,455 34,714 35,334 2,930 9.0
  Average nonfarm proprietors' income 15,506 16,343 15,425 15,438 15,950 444 2.9
Dollar items are in current dollars (not adjusted for inflation). Per capita items in dollars; other dollar items in thousands of dollars.
See related notes.

6.2. Cost of Living Indexes   go top
Updated periodically. Available in subscription edition.

6.3. Cost of Doing Business Indexes   go top
Updated periodically. Available in subscription edition.

6.4. Consumer Price Index   go top
Updated monthly. Available in subscription edition.

6.5. Gross Domestic Product by Sector   go top
Updated quarterly, annually. For more information, detail & to compare areas use interactive table. Additional detail in subscription edition.

6.6. Establishments, Employment & Earnings by Detailed Type of Business go top
Updated quarterly. For more information, detail & to compare areas use interactive table.

Use the following links to access detailed establishment and employment data by type of business (CSV files).
  .. see notes on using these files.
  2013Q1 .. 2013Q2 .. 2013Q3 .. 2013Q4 .|. 2014Q1 .. 2014Q2 .. 2014Q3 .. 2014Q4 .|. 2015Q1 .. 2015Q2 .. 2015Q3 .. 2015Q4 .. 2016Q1 .. 2016Q2
 
6.7. Labor Market Characteristics & Trends go top
Updated monthly. Available in subscription edition.
For more information, detail & to compare areas use interactive table.
Table shows 13 most recent months.
  ItemAug15Sep15Oct15Nov15Dec15Jan16Feb16Mar16Apr16May16Jun16Jul16Aug16
Unemplymnt Rate 4.0 3.9 3.9 4.3 4.2 4.9 5.0 4.6 3.7 4.0 4.7 4.3 3.8
Unemployment 1,754 1,729 1,715 1,916 1,890 2,138 2,211 2,051 1,680 1,819 2,140 1,941 1,711
Employment 41,748 42,227 42,669 42,948 42,721 41,909 42,338 42,622 43,139 43,366 43,507 43,384 43,370
Labor Force43,50243,95644,38444,86444,61144,04744,54944,67344,81945,18545,64745,32545,081

7. Education Infrastructure   go top

7.1. Component School District Characteristics   go top
Districts in this metro. Updated periodically. See related School District interactive table.
District NameCity Name District
Code
Locale
Code
CountyState2012-13
Enrollment
2013 Total
Population
Grade Relevant
Pop Ages 5-17
Berea IndBerea 21004803221151KY 1,145 6,859 1,013
Madison CountyRichmond 21037203221151KY 11,356 78,731 12,263
Rockcastle CountyMt Verno 21050704221203KY 2,944 16,693 2,771

Number of districts: 3 ... Total enrollment: 15,445
All school districts interactive tables General Demographics | Social | Economic | Housing
All school districts enrollment & adminstratively reported data interactive table.

7.2. Component Higher Education Institution Characteristics   go top
2014-15 School Year. Extended detail Available in subscription edition.
  Institution City Name Code LevelTotal UG EnrollmentFulltime UG EnrollmentTotal Grad EnrollmentFulltime Grad Enrollment
Berea College Berea, KY1562955 1,621 1,578 0 0
Eastern Kentucky University Richmond, KY1566209 13,939 11,166 2,366 784

  Number of institutions: 2 ... Total undergraduate enrollment: 15,560
  Levels: 3-Assoc degree, 4-at least 2, but < 4 years, 5-Bach degree, 6-Postbacc cert, 7 Masters degree, 8 Post-masters cert, 9 Doctors degree

8. GeoPolitics   go top
Updated periodically. Voting patterns, citizen voting age population, state legislative districts, congressional districts .. in this metro.
Available in subscription edition.

Notes
  • All data are for current vintage county and metro definition.
  • Developed by ProximityOne -- Metro Reports (888-364-7656)
  • Data sources: ProximityOne, Census Bureau, Bureau of Economic Analysis, Bureau of Labor Statistics, Federal Housing Finance Agency,
    National Center for Education Statistics.

Updates go top
The subscription edition updates frequently. Selected items are listed below. Register to receive update notifications.
  • Overview lead narrative; quarterly & annual/March.
  • Housing Price Index (section 5.4) quarterly.
  • Establishments, employment & earnings (section 6.6) quarterly.
  • Economic profile and personal income (section 6.1) annual/November.
  • Labor market situation (section 6.7) monthly.
  • Residential construction; units authorized & value (section 5.3.) monthly.
  • Population by county; annual series 2010-2016 (section 4.2.) annual/July.
  • Population by county; links for individual counties (section 4.2.) annual/July.
      -- includes annual data 2010-2016.
      -- includes components of change; race/origin; single year of age; age group summaries.
  • Total population and components of change; annual/March.
  • Census tracts overview section; annual/December.
  • General Demographics section updated/extended; annual/December.
  • Gross Domestic Product section; annual/September.
  • Higher education institutions; annual/February.
  • Metro & county demographic component detailed annual estimates; annual/March.
  • School districts in metro & K-12 enrollment; annual/August.
More about schedule and upcoming events ... Calendar ... Upcoming Events ... Find Event

Terms of Use go top
Situation & Outlook Reports are a proprietary resource developed by ProximityOne. There is no warranty of any type associated with any aspect of this report. The user of this document is solely responsible to any use, direct or indirect, that might be made of this document.

Related Resources go top
  • Metros main page
  • Current estimates and projections: states to 2030, counties & metros to 2020 by age, counties & states to 2060.
  • Making Custom Metropolitan Area Maps
  • Rental Market Conditions by Metropolitan Area
  • Metro Gross Domestic Product
  • Housing Price Index
  • Establishments, Employment & Earnings
  • Regional Economic Information System
  • ACS 2014 1-year General Demographics ... Social Characteristics ... Economic Characteristics ... Housing Characteristics

Using this Document go top
The Situation & Outlook Report, a component of the Situation & Outlook, is a core ProximityOne information resource providing insights into characteristics and trends of counties, metropolitan areas, states and the U.S. The Report also provides a gateway to drill-down demographic, economic and business data for smaller geographic areas.

Metropolitan areas include approximately 94 percent of the U.S. population -- 85 percent in metropolitan statistical areas (MSAs) and 9 percent in micropolitan statistical areas (MISAs).

About Metropolitan Areas & Principal Cities -- scroll section go top
Metropolitan Areas are designated by OMB ("Standards for Delineating Metropolitan and Micropolitan Statistical Areas") based mainly on Census Bureau-sourced data. Metropolitan areas are defined as Metropolitan Statistical Areas (MSA) and Micropolitan Statistical Areas (MISA). MSAs and MISAs are also referred to a Core-Based Statistical Areas (CBSAs). Contiguous CBSAs are defined as Combined Statistical Areas (CSA).

By definition, metropolitan areas are comprised of one or more contiguous counties. Metropolitan areas are not single cities and typically include many cities. Metropolitan areas are comprised of urban and rural areas and often have large expanses of rural territory. A business and demographic-economic synergy exists within each metro; metros often interact with adjacent metros. The demographic-economic make-up of metros vary widely and change often. See more about metros.

Principal Cities. The largest city in each metropolitan or micropolitan statistical area is designated a "principal city." Principal cities are designated by OMB based on Census-sourced data. Additional cities qualify as principal cities if specified requirements are met concerning population size and employment. The title of each metropolitan or micropolitan statistical area consists of the names of up to three of its principal cities and the name of each state into which the metropolitan or micropolitan statistical area extends. Titles of metropolitan divisions also typically are based on principal city names but in certain cases consist of county names.

One or more principal cities are designated within each Metropolitan Statistical Area (MSA) and Micropolitan Statistical Area (MISA). The term "principal city" is defined in the OMB "Standards for Delineating Metropolitan and Micropolitan Statistical Areas." A principal city is an OMB designation applied to one or more incorporated places and/or census designated places (CDPs). The OMB standards designate a Principal City (or Cities) of a Core-Based Statistical Area (CBSA) as determined by:
  a) The largest incorporated place with a 2010 Census population of at least 10,000 in the CBSA or,
        if no incorporated place of at least 10,000 population is present in the CBSA,
        the largest incorporated place or census designated place in the CBSA; and
  b) Additional places with 2010 Census population of at least 250,000 or in which 100,000 or more persons work; and
  c) Additional places with 2010 Census population of 50,000-250,000,
        and number of workers working in the place meets or exceeds the number of workers living in the place; and
  d) Additional places with 2010 Census population of 10,000-50,000, and at least one-third the population size of the largest place,
        and in which the number of workers working in the place meets or exceeds the number of workers living in the place.

ProximityOne User Group go top
Join the ProximityOne User Group to keep up-to-date with new developments relating to metros and component geography decision-making information resources. Receive updates and access to tools and resources available only to members. Use this form to join the User Group.

Support Using these Resources go top
Learn more about accessing and using demographic-economic data and related analytical tools. Join us in a Data Analytics Lab session. There is no fee for these one-hour Web sessions. Each informal session is focused on a specific topic. The open structure also provides for Q&A and discussion of application issues of interest to participants.

Additional Information go top
ProximityOne develops geographic-demographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. Follow ProximityOne on Twitter at www.twitter.com/proximityone. Contact us (888-364-7656) with questions about data covered in this section or to discuss custom estimates, projections or analyses for your areas of interest.

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