Kentuckys economy—based on manufacturing, trade, mining, agriculture, and tourism and other services—varies by region. The Purchase relies extensively on agriculture, and periods of drought or depressed crop prices sometimes bring hardship to the region.
What are Kentuckys main industries?
Kentuckys leading service industries are the community, business, and personal services (private health care, hotels, law firms, repair shops) and wholesale and retail trade industries (wholesale trade of coal, food products, motor vehicles, and retail automobile dealerships, gas stations, grocery stores, restaurants)
What are the three major industries of Kentucky?
The assumption about Kentuckys economy is that the state has three main exports: fried chicken, tobacco and bourbon. However, the reality is that the Bluegrass States economy is far more complex and diverse. And with new industries emerging, now is an exciting time for business professionals in the commonwealth.
What is the main agriculture of Kentucky?
In Kentucky, soybeans and corn are the top crops. Nearly 1.47 million acres of farmland were dedicated to soybeans, with farmers selling more than $752 million worth of the crop in 2012. Corn was harvested from 1.53 million acres while sales totaled $694 million.
What business is Kentucky known for?
Kentucky is also known for horse racing, bourbon, moonshine, coal, My Old Kentucky Home historic state park, automobile manufacturing, tobacco, bluegrass music, college basketball, Louisville Slugger baseball bats, Kentucky Fried Chicken, and the Kentucky colonel.
What is Kentuckys biggest export?
Last year, Kentuckys top five export products were:Aerospace products and parts - $14.6 billion.Motor vehicle-related - $4.6 billion.Pharmaceuticals and medicines - $2.4 billion.Resin, rubber, fiber and filament - $917 million.Basic chemicals - $743 million.
What is the minimum wage in Kentucky 2020?
$7.25 $7.25 - July 24, 2009State20102020Kentucky$7.25$7.25Louisiana$7.25$7.25Maine$7.50$12.00Maryland$7.25$11.0030 more rows
Who is the largest employer in Kentucky?
State Profile: Largest Employers#EmployerCity1Uk Healthcare Clg DentistryLexington2Humana IncLouisville3Norton Hospital BehavioralLouisville4Cualquier Lavado Sa De CvHopkinsville22 more rows
What is Kentuckys most profitable crop?
Corn – Kentucky farmers harvested enough corn to make 9.23 billion boxes of corn flakes. This commodity can be used as food or fuel, and earned $828.79 million in cash receipts in 2012. 3. Horses and mules – Kentuckys world-famous equine industry reigns supreme, yet again.
What is the largest cash crop in Kentucky?
Tobacco, soybeans, corn for grain, and wheat are Kentuckys leading field crops .What is the biggest cash crop in Kentucky?RankCropUnit1MarijuanaLb2Tobacco, AllLb3Hay, AllTon4Corn for GrainBuApr 12, 2020
Who is the most famous person from Kentucky?
Famous people born or raised (or both) in the Bluegrass State include explorers and pioneers (Daniel Boone), some of the worlds most influential athletes (Muhammad Ali), movie stars (George Clooney), musicians (Loretta Lynn) and even some of Americas most significant political figures (Abraham Lincoln).
What is Kentuckys number one commodity?
Poultry, including broilers (chickens raised for meat), are Kentuckys leading ag commodity. In 2015, state farmers earned more than $960.1 million in production value with 307.7 million broilers.
What does McDonalds pay in Kentucky?
Average McDonalds Cashier hourly pay in Kentucky is approximately $8.29, which is 25% below the national average. Salary information comes from 86 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
What is a livable wage in Kentucky?
Living Wage Calculation for Kentucky1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$13.48$26.64Poverty Wage$6.13$10.44Minimum Wage$7.25$7.25
What jobs are in demand in Kentucky?
Why the fastest growing jobs in Kentucky matterRankJob TitleJobs in 20241Home Health Aid6,6202Physical Therapist Assistant2,4503Operations Analyst2,3904Physical Therapy Aide1,00086 more rows•May 17, 2019
What is the largest industry in Kentucky?
Manufacturing Manufacturing is the biggest industry in Kentucky, accounting for a fifth of the states GDP. Coal mining is a major source of income in Kentucky, but controversy over coals negative environmental impact could change this.
How much is land worth in Kentucky?
Average real estate value in Kentucky was $3,920/acre an increase of 2.6% from last year. Kentucky cropland value averaged $4,400/acre an increase of 2.3%, and pasture value was $3,060/acre, up 0.7% from 2019. Farmland values continue to show resilience in the face of weak commodity prices.
Do any celebrities live in Kentucky?
Kentucky has been the birthplace of many celebrities, like Johnny Depp, Muhammad Ali, George Clooney, and Jennifer Lawrence. They tend to move away, but often times will return to visit family, attend events, or enjoy some of the Bluegrass amenities.
Can alligators live in Kentucky?
In Kentucky, alligators and caimans are considered inherently dangerous wildlife and it is illegal to import or possess them. A Paducah man admitted to having the two 5-foot long alligators, showed the animals to the conservation officers, then turned them over without incident.