Jamie Stitt

Assistant Commissioner, Business and Workforce Development

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
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Monroe County

County Profile Tool
Monroe County

Population & Demographics

Location

Time Zone

Eastern Time Zone

Grand Division

East Tennessee

Area (Square Miles)

635.5

County Seat

Madisonville

Metropolitan Area

East Tennessee nonmetropolitan area

ECD Region

East

Population

Population

(2014)

44,519

Population

(2019)

46,250

Population Change

(2014 - 2019)

3.90%

Population Forecast

(2040)

50,003

Foreign Born Population

1,092

Foreign Born Persons (Percentage of Population)

2.40%

Language Other Than English Spoken At Home

3.30%

Civilian Veteran Population

3,468

Race (Percentage of Population)

White Alone

90.10%

Black or African American, alone

1.60%

American Indian And Alaska Native, alone

0.40%

Asian, alone

0.40%

Native Hawaiian or Other Pacific Islander, alone

0.00%

Some Other Race, alone

1.90%

Two or More Races

5.50%

Hispanic or Latino

4.20%

Age (Percentage of Population)
Male
Female
Total

Under 5 Years Old

Male: 5.70%

Female: 5.80%

Total: 5.80%

Under 18 Years Old

Male: 22.00%

Female: 21.10%

Total: 21.50%

18-64 Years Old

Male: 58.60%

Female: 57.00%

Total: 57.80%

65 Years and Over

Male: 19.40%

Female: 21.90%

Total: 20.70%

Median Age

Male: 42.4

Female: 44.8

Total: 43.9

Sources:
U.S. Census Bureau, 2015-2019 5-Year American Community Survey
U.S. Census Bureau, 2019 Annual Population Estimates
U.S. Bureau of Labor Statistics
Tennessee State Data Center (2018)

Housing & Income

Housing & Income

Households

17,311

Homeownership Rate

76.7%

Persons Per Household

2.53

Living In Same House 1 Year & Over

84.5%

Median Home Value

$133,700

Annual Home Sales

561

Median Sale Price of Homes Sold

$163,000

Persons In Households With Income Below Poverty Level

18.4%

Total Personal Income

$1,616,031

Personal Income Per Capita

$34,720

County Median Wage

$16.05

Household Income & Benefits
Percent of Household

Less Than $10,000

7.2%

$10,000 to $14,999

7.0%

$15,000 to $24,999

13.5%

$25,000 to $34,999

14.6%

$35,000 to $49,999

13.8%

$50,000 to $74,999

18.9%

$75,000 to $99,999

12.0%

$100,000 to $149,999

9.2%

$150,000 to $199,999

2.5%

$200,000 or More

1.4%

Median Household Income

$42,429

Percentage of Households by Income Range

Sources:
U.S. Census Bureau, 2015-2019 5-Year American Community Survey
Tennessee Housing Development Agency (2019)
U.S. Bureau of Economic Analysis (2019)
Economic Modeling Specialists Intl. (2020)

Tax Structure

Property Tax

Property Tax Rate (County)

$2.2396

State Property Tax

None

Assessment Ratio: Residential Property

25%

Assessment Ratio: Farm Property

25%

Assessment Ratio: Commercial/Industrial Property

40%

Assessment Ratio: Public Utility Property

55%

Assessment Ratio: Business Personal Property

30%

State Tax

State Income Tax on Wages

None

State Income Tax: Interest from Bonds and Notes and Dividends from Stock

None (Hall Income tax was fully repealed January 1, 2021)

Excise Tax (State)

6.5% of Tennessee taxable income

Franchise Tax (state)

0.25% of the greater of net worth or real and tangible property in Tennessee. The minimum tax is $100.

Unemployment Insurance Tax (state)

2.7% of the first $7,000 in wages for new employers

Sales Tax

State Sales Tax Rate

7.00%

County Sales Tax Rate

2.25% - 2.75%

Local Sales Tax Collections

(FY 2020)

$14,547,672

Local Sales Tax Collections

(FY 2019)

$11,811,727

Local Sales Tax Collections Growth

(FY 2019 - FY 2020)

23.2%

State Bond Ratings

Moody's

Aaa

Standard & Poor's

AAA

Fitch

AAA

Debt per Capita

State Debt per Capita

$986 (lowest in U.S.)

County Debt Per Capita

$1,682

Sources:
Tennessee Comptroller of the Treasury (2020)
Tennessee Department of Revenue (2020)
The Tax Foundation (2020)

Labor Force

Labor Force Estimates (2019)
Tennessee
Monroe

Labor Force

Tennessee: 3,287,422

Monroe: 20,090

Employment

Tennessee: 3,041,838

Monroe: 18,479

Unemployment

Tennessee: 245,584

Monroe: 1,611

Unemployment Rate

Tennessee: 7.5%

Monroe: 8.0%

Unemployment Rate*
Tennessee
Monroe

2016

Tennessee: 3.7%

Monroe: 4.0%

2017

Tennessee: 3.5%

Monroe: 3.7%

2018

Tennessee: 3.4%

Monroe: 3.6%

2019

Tennessee: 7.5%

Monroe: 8.0%

Unemployment Rate (by percentage)

Sources:
U.S. Bureau of Labor Statistics

Industries (2020)

Industry
Employment
Establishments
Avg. Annual Wages

Crop and Animal Production

Employment: 29

Establishments: 5

Avg. Annual Wages: $31,800

Mining, Quarrying, and Oil and Gas Extraction

Employment: 16

Establishments: 2

Avg. Annual Wages: $49,652

Utilities

Employment: 63

Establishments: 1

Employment: $85,431

Construction

Employment: 293

Establishments: 47

Employment: $41,466

Manufacturing

Employment: 5,799

Establishments: 67

Employment: $52,560

Wholesale Trade

Employment: 188

Establishments: 38

Employment: $51,806

Retail Trade

Employment: 1,962

Establishments: 137

Employment: $29,101

Transportation and Warehousing

Employment: 151

Establishments: 23

Employment: $44,495

Information

Employment: 25

Establishments: 8

Employment: $61,852

Finance and Insurance

Employment: 280

Establishments: 54

Employment: $40,315

Real Estate and Rental and Leasing

Employment: 115

Establishments: 23

Employment: $37,672

Professional, Scientific, and Technical Services

Employment: 169

Establishments: 61

Employment: $60,178

Management of Companies and Enterprises

Employment: 47

Establishments: 5

Employment: $88,810

Administrative, Support, Waste Management and Remediation

Employment: 599

Establishments: 27

Employment: $29,983

Educational Services

Employment: 55

Establishments: 2

Employment: $31,083

Health Care and Social Assistance

Employment: 1,284

Establishments: 99

Employment: $42,946

Arts, Entertainment, and Recreation

Employment: 182

Establishments: 14

Employment: $26,444

Accommodation and Food Services

Employment: 1,382

Establishments: 76

Employment: $15,589

Other Services (except Public Administration)

Employment: 243

Establishments: 41

Employment: $26,257

Government

Employment: 1,863

Establishments: 37

Employment: $38,834

Total

Employment: 14,751

Establishments: 767

Employment: $41,549

Unique Occupations*
Employment
Location Quotient*

Fiberglass Laminators and Fabricators

Employment: 494

Location Quotient*: 237.18

Foundry Mold and Coremakers

Employment: 109

Location Quotient*: 64.03

Layout Workers, Metal and Plastic

Employment: 51

Location Quotient*: 57.12

Patternmakers, Metal and Plastic

Employment: 14

Location Quotient*: 47.89

Marine Engineers and Naval Architects

Employment: 48

Location Quotient*: 39.97

Key Cluster
Total Employment

Advanced Materials

617

Aerospace & Defense

26

Appliances & Electrical

0

Automotive

1,339

Business Services

105

Chemicals

0

Distribution & Logistics

250

Film, Music & Entertainment

0

Food & Beverage

56

Healthcare & Medical Devices

0

Top Employers

Top County Employers
Estimated Employees
City

JTEKT Automotive Tennessee Vonore

Est. Employees: 1,050

City: Vonore

Monroe County Board of Education

Est. Employees: 734

City: Madisonville

Brunswick Boat Group & Sea Ray Boats, Inc.

Est. Employees: 650

City: Vonore

Monroe County Government

Est. Employees: 601

City: Madisonville

Yamaha Jet Boat Manufacturing U.S.A., Inc.

Est. Employees: 585

City: Vonore

Mastercraft Boat Company, LLC

Est. Employees: 569

City: Vonore

National Seating Company

Est. Employees: 500

City: Vonore

Sweetwater Hospital Association

Est. Employees: 500

City: Sweetwater

Carlex Glass Company, LLC

Est. Employees: 350

City: Vonore

Gemtron Corporation

Est. Employees: 275

City: Sweetwater

Transportation & Logistics

Transportation

Nearest Commercial Service Airport

McGhee Tyson (Knoxville)

Distance to Nearest Commercial Service Airport

32

Daily Flights At Nearest Commercial Service Airport

79

Nearest General Aviation Airport

Monroe County

Runway Length at Nearest General Aviation Airport

3,643'

Mean Travel Time to Work (Minutes)

26.8

Access of Interstate

I-75

U.S. Highways

11, 129, 411

State Highways

2, 33, 39, 68, 72, 115, 165, 307, 315, 322, 360

Nearest Port (From County Seat)

Lenoir City

Railroads Serving County

CSX, NS

Sources:
Tennessee Department of Transportation
U.S. Census Bureau, 2010-2014 5-Year American Community Survey

Education

General Stats
Monroe
Tennessee

Population Aged 25-64 With High School Degree Or Higher

Monroe: 82.20%

Tennessee: 89.50%

Population Aged 25-64 With Associate's Degree Or Higher

Monroe: 19.70%

Tennessee: 36.70%

Population Aged 25-64 With Bachelor's Degree Or Higher

Monroe: 11.30%

Tennessee: 28.70%

High School Graduation Rate

Monroe: 90%

Tennessee: 89%

College Going Rate

Monroe: 45.40%

Tennessee: 63.40%

Average ACT Score

Monroe: 18.4

Tennessee: 20.2

High School Graduation Rate
College Going Rate
Average ACT Score
Monroe County Schools
Enrollment

Elementary Schools

Enrollment: 2,092

Middle Schools

Enrollment: 1,153

High Schools

Enrollment: 2,047

Sweetwater City Schools
Enrollment

Elemetary Schools

Enrollment: 1,023

Middle Schools

Enrollment: 495

High Schools

Enrollment: 0

Regional Higher Education Institutions
City
Enrollment

Hiwassee College

City: Madisonville

Enrollment: 283

Maryville College

City: Maryville

Enrollment: 1,196

Tennessee Wesleyan College

City: Athens

Enrollment: 1,037

Tennessee College of Applied Technology-Athens

City: Athens

Enrollment: 584

Sources:
U.S. Census Bureau, 2017 1-Year American Community Survey,
U.S. Census Bureau, 2013-2017 5-Year American Community Survey
Tennessee Department of Education (2017-2018)
National Center for Education Statistics (2016-2017)
Tennessee Higher Education Commission

† Regional higher education institutions include those within the selected and surrounding counties.

Health & Public Safety

Doctors

Number of Doctors

22

Overweight & Obesity Prevalence

Adults*

35.5%

Children** (Grade 8)

47.5%

Regional Hospitals
Number of Beds
City

Sweetwater Hospital Association

Number of Beds: 59

City: Sweetwater

Peninsula Hospital

Number of Beds: 462

City: Louisville

Blount Memorial Hospital

Number of Beds: 304

City: Maryville

Starr Regional Medical Center

Number of Beds: 190

City: Athens

Starr Regional Medical Center Etowah

Number of Beds: 190

City: Etowah

Fort Loudoun Medical Center

Number of Beds: 50

City: Lenoir City

Sources:
Tennessee Department of Health (2014)
Tennessee Bureau of Investigation (2014)

† Regional hospitals include those within the selected and surrounding counties.

Climate

Climate

Average High Temperature

70.8°F

Average Low Temperature

46.2°F

Average Annual Temperature

58.5°F

Annual Rainfall

55.14"

Elevation (at County Seat)

1,110'

Prevailing Winds

Southwest

Sources:
usclimatedata.com (2015)

Community Information

Madisonville

Population (2019)

4,920

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$0.85

Phone Number

(423) 442-9416

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Sweetwater

Population (2019)

5,873

Charter Type

Home Rule

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.38

Phone Number

(423) 337-6979

Retire Tennessee Participant

No

Tennessee Downtowns Participant

Yes

Main Street Participant

Yes

Tellico Plains

Population (2019)

952

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$0.44

Phone Number

(423) 253-2030

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Vonore

Population (2019)

1,677

Charter Type

General Law Mayor-Alderman

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$0.35

Phone Number

(423) 884-6211

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Additional Community Information

ThreeStar Certified County

Yes

Sources:
Tennessee Municipal Technical Advisory Service
Tennessee Department of Revenue (2015)
Tennessee Comptroller of the Treasury (2015)
U.S. Census Bureau, 2010-2014 5-Year American Community Survey

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
615.741.1888 |
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