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Tuesday, March 13, 2012

Kingsport, TN - Sales Tax Collections & Recent Stats

The February sales tax report (which reflects December YTD sales) indicate that Kingsport’s retail sales are still at a 6-year high.
Other recent trends:
  • City population up 5.5% to 50,851 (2010-2012)
  • Out of state relocations up 12% FY-to-date compared to last 5 years
  • Over 65 age group is down 1% (1990-2010)
  • Unemployment down by 1% year-to-year Jan 2011-Jan 2012 (at 7.8%)
  • Labor force up 1.2%, # employed up 2.1%, # unemployed down 8.4% (Jan 2011-Jan 2012)
  • Fastest growing sector is “ethnically diverse professionals pursuing stable careers” (last 5 years, source: Buxton)
  • College degreed residents up to 32% (up from 18%) 1990-2010
  • City’s #1 economic sector is now education/healthcare (25%), replacing manufacturing (19%, which is down from 40% in 1990) Source: 2010 ACS Census Bureau
  • Median family income up by nearly $10,000 per year (1990-2010)
  • Top metros moving to Kingsport are: Tampa Bay, Washington, Atlanta, Miami, New York, Asheville, Charlotte, Orlando, Virginia Beach, Daytona, Chicago, Detroit, Houston, Baltimore, Charleston (SC), Phoenix, Jacksonville, Sarasota, Columbia (SC) and Dallas-Fort Worth (past 5 years)
FYI,
Jeff
Tilden J. Fleming, AICP
Assistant City Manager for Development
Kingsport, Tennessee
423.229.9381 (desk/cell)

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Location, Location, Location

Location, Location, Location
www.MoveToKingsport.com 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 www.MeadowViewResort.com 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 www.BestPlaces.net). 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.