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Wednesday, July 29, 2015

MoveToKingsport Annual Report 9 Years (July 2006-June 2015)

Executive Summary:   

  • 4,114 families from all 50 states, DC and the Virgin Islands have moved to Kingsport
  • The net gain of “moved to” vs. “moved away” was +580 families or 1,334 individuals (it had been as low as the high 400’s in previous years)
  • Each net newcomer generates has $25,000 buying power, that’s $33,350,000 in annual consumer spending
  • All metrics (out-of-state relocations, moved into existing structures, moved from <35 miles away) show positive trendlines except new construction, which has become a targeted strategy. Out of state relocations is flat based on the data from this last year alone. This may be anomalous as all other recent data shows slow growth, but we are continuing to monitor the issue.
  • Washington, DC-VA-MD-WV recaptured the #1 slot, edging out Tampa Bay, FL as the #1 out-of-state market moving to Kingsport.  Rounding out the Top 10 are Atlanta, Miami, Asheville, New York, Chicago, Charlotte, Orlando, and Virginia Beach
  • Out of state relocation is unusually low (does not include Virginia relocations).
  • New residential construction was up 33% compared to the average of the past 6 years
  • % of newcomers occupying new housing was 5% compared to 5-8% in previous years

Lynn Tully
Lynn Tully, AICP
Development Services Director
City of Kingsport

Ph: (423) 229-9319

Location, Location, Location

Location, Location, Location is located on the Tennessee-Virginia border at the crossroads of I-81 and I-26 near the geographic center of the Eastern U.S. This city of 50,000 in a metro of 308,000, was planned by renowned American planner John Nolen in his office at Harvard Square. Located in the lush green foothills of the Tennessee Valley, it is surrounded by the Southern Highlands and mountain lakes. Kingsport is home to Marriott’s and thousands of acres of unique, natural amenities at Bays Mountain and Warriors Path Parks. The natural geography provides a temperate, well-balanced climate with four seasons and a natural shelter from extreme weather. Population growth has also been well-balanced, ensuring you will not outgrow your decision to relocate. With no personal property taxes, special assessments, or state income taxes on salaries/wages, you’ll find that Kingsport has a very low cost of living coupled with an exceptionally high quality of life (see for yourself at The regional airport (TRI) has direct flights to Atlanta, Charlotte, Orlando and St. Pete/Clearwater with easy access, parking, and virtually no security lines. The public education system was planned by Columbia University and Newsweek has repeatedly recognized the local high school as one of the best in America. Year in and year out our graduates go on to the top colleges and universities (and without costly private school tuition fees). Harvard also recognized Kingsport in 2009 with the Innovations in American Government Award for its higher education initiative. What are you waiting for? It’s time to leave the high costs, traffic jams, and stress behind and discover this hidden gem.