East Tennessee Economic Development Agency

Regional Advantages

Monroe

Monroe County

Population

  • 1980: 28,700
  • 1990: 30,541
  • 2000: 39,961
  • 2006: 43,717

Contacts

Cities

  • Madisonville
  • Sweetwater
  • Tellico Plains
  • Tellico Lake
MONROE COUNTY
Updated August 2007
LABOR FORCE ESTIMATES     
 2002 2003 2004 2005 2006 
Labor Force  17,350 17,660 18,020 18,560 19,410
Employed  15,950 16,270 16,840 17,440 18,300
Unemployed  1,400 1,400 1,180 1,130 1,110
Unemployment Rate  8.1% 7.9% 6.5% 6.1% 5.7%
TAX STRUCTURE     
Local Taxes (2007)    
Property taxMadisonvilleSweetwaterTellico PlainsTellico LakeCounty
Rate per $100 assessed value$0.68 - county rate $2.01$1.32 - county rate $2.01$0.49 - county rate $2.01$0.45 - county rate $2.01$2.03
Ratio of Assessment     
Residential25%25%25%25%25%
Industrial40%40%40%40%40%
Personal (equipment)30%30%30%30%30%
(Inventory tax) Raw materials only     
School taxN/AN/AN/AN/AN/A
Sales taxN/AN/AN/AN/A2.25%
State     
Sales tax7%    
Income tax     
Personal6% on interest & dividends    
Corporate (Excise)6.5% of net earnings    
Franchise tax.25 per $100 of capital properties    
TRANSPORTATION    
Railroads     
CSXNorfolk/Southern    
Interstates     
I-75I-40    
Navigable waterways     
RiverLittle TennesseeChannel depth11 feet  
Port in countyYes    
Air Service     
General aviationMonroe CountyDistance0 miles  
Runway length3,600 feetSurfaceAsphalt  
LightingMedium intensity, MIRL/VASI    
GasYes, 100 LL / Jet AOctane available80/100  
Nearest commercial serviceKnoxville MetroDistance43 miles  
Runway length9,000 feetSurfaceAsphalt  
LightingHigh & medium density    
GasYes, 100 LL / Jet AOctane available80/100 Jet  
EDUCATION    
2005     
 Monroe CountySweetwater City   
Enrollment5,4571,414   
Students per Teacher17.715.8   
ACT - Average Score19.4n/a   
ACT - Participation50.0%n/a   
Expenditures per Pupil$ 6,830$ 6,717   
HEALTHCARE    
Hospitals1Beds: 57   
Clinics9    
Doctors39    
Dentists11    
Nursing homes4Beds: 295   
MAJOR COMPANIES BY EMPLOYMENT    
NAMEPRODUCTEMPLOYEES   
JTEKT Automotive TN - Vonore CompanyAutomotive steering systems775   
MastercraftPleasure boats590   
Sea Ray BoatsPleasure boats544   
National SeatingTruck and boat seats460   
Carlex Glass CompanyAutomobile glass sets382   
Tennessee Watercraft, Inc.Pleasure boats305   
ShortbarkMilitary clothing300   
GemtronTempered and decorative glass285   
Vestal ManufacturingMetal fireplaces, steel home products210   
WyethPharmaceutical distribution195   
HAVCO Wood ProductsLaminated flooring170   
Great Lakes Boat Top CompanyBoat accessories160   
Sweetwater Valley Oil CompanyPetroleum Products and industrial lubricants105   

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