The US average is $28,555 a year. – The Median household income of a Knoxville resident is $33,494 a year.
Income and Salaries for Knoxville.
| ECONOMY | Knoxville, Tennessee | United States |
|---|---|---|
| Unemployment Rate | 4.7% | 6.0% |
| Recent Job Growth | -4.2% | -6.2% |
| Future Job Growth | 37.5% | 33.5% |
| Sales Taxes | 9.3% | 6.2% |
What is the main industry in Knoxville TN?
The largest industries in Knoxville, TN are Retail Trade (13,941 people), Health Care & Social Assistance (13,087 people), and Educational Services (10,990 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($95,577), Management of Companies & Enterprises ($71,875), and Utilities
Does Knoxville have a good job market?
A new report claims Knoxville is among the best cities this year to get a job. WalletHub released its “2021′s Best Cities for Jobs” report, which details cities across the country and their job prospects. Knoxville comes in at 30th on the list, but is in the top 15 for “job market,” overall.
Is the economy good in Tennessee?
Economic statistics
As of 2020, Tennessee had a gross state product of $364.5 billion. In 2019, the state’s per capita personal income was $29,859. The median household income was $53,320. About 13.9% percent of the population was below the poverty line.
Is Knoxville Tennessee a good city to live in?
U.S. News released its list Tuesday and gave Knoxville an overall score of 6.7 out of 10. The score was based on Knoxville’s desirability, value, quality of life, net migration and job market.
Who is the largest employer in Knoxville TN?
Largest Employers
| Company | County | Total Employees |
|---|---|---|
| Covenant Health | Regional | 11,357 |
| Knox County Schools | Knox | 9,558 |
| The University of Tennessee – Knoxville | Knox | 8,959 |
| Y-12 National Security Complex | Roane | 7,241 |
What is the average cost of living in Knoxville TN?
Comparison Highlights
| Cost of Living Indexes | Knoxville, TN | Difference |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 89.6 | 12.7% more |
| Food & Groceries | 97.2 | 2.0% more |
| Housing (Homeowner) | 75 | 23.9% more |
| Median Home Cost | $257,300 | $2,500 (1.0% more) |
What is the racial makeup of Knoxville TN?
Knoxville Demographics
White: 75.63% Black or African American: 16.94% Two or more races: 3.86% Asian: 1.68%
What is the job market like in Knoxville TN?
Knoxville has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%. – The Sales Tax Rate for Knoxville is 9.3%. The US average is 7.3%.
What is the average household income in Knoxville TN?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 22.3 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $59,250 |
Is Tennessee Poor or rich?
From the 2022 edition of Rich States, Poor States.
Current Economic Outlook Ranks (2022 Edition)
| State | 2022 Ranking |
|---|---|
| Texas | 11th |
| South Dakota | 12th |
| Tennessee | 13th |
| Wisconsin | 14th |
Who is the largest employer in Tennessee?
Detailed List Of The 100 Biggest Companies In Tennessee
| Rank | Company | Employees |
|---|---|---|
| 1 | FedEx | 425,000 |
| 2 | HCA Healthcare | 249,000 |
| 3 | Dolgencorp | 130,000 |
| 4 | Dollar General | 130,000 |
What is Tennessee’s main source of income?
Community, business and personal services produce the most income for Tennessee’s economy. The most important services include private health care, law firms, motels and business services. Important regional health centers, colleges of medicine and large hospitals are found in metropolitan areas across the state.
What are the cons of living in Knoxville Tennessee?
The Pros and Cons of Living in Knoxville, TN
- PRO: Living in Knoxville, TN is Affordable.
- CON: Crime is a Problem in Knoxville, TN.
- PRO: Knoxville, TN has Great Public Schools.
- CON: Public Transportation is Lacking.
- PRO: The Weather in Knoxville is Mild Most of the Year.
- CON: Summers in Knoxville Are Sweltering.
Is moving to Knoxville TN a good idea?
Knoxville Advantages
While many newcomers choose the suburbs, living in Knoxville, Tennessee, has many advantages. Knoxville residents enjoy affordable housing, short commutes, convenient food and activities for all ages, below-average health care costs, and a pleasant climate.
Why are so many people moving Knoxville?
Some people move because the city offers a lower cost of living coupled with no state income tax. Many others may simply want to live in a place with less traffic located near the great outdoors and several national parks.
What is the main industry in Tennessee?
The major products manufactured in the state are computers and electronic equipment, transportation equipment, foods (including beverages and tobacco), chemicals, and metal products. Automobile manufacturing has been one of the fastest-growing segments of Tennessee’s manufacturing sector since the late 20th century.
What companies are headquartered in Knoxville Tennessee?
We hand-curated a list of the best companies to work for headquartered in and around Knoxville, TN using data on salaries, company financial health, and employee diversity.
Best Companies In Knoxville, TN.
| Rank | Company | Zippia Score |
|---|---|---|
| 1 | Regal Cinemas Corp | 4.4 |
| 2 | Regal | 4.0 |
| 3 | Pilot Flying J | 4.5 |
| 4 | TeamHealth | 4.9 |
What is the biggest industry in East Tennessee?
Outside of hospitality, manufacturing is one of the largest growing industries in East Tennessee. The state exports more than $26 billion in manufactured goods annually, according to the Tennessee Department of Economic and Community Development.
How much money do you need to live comfortably in Knoxville?
Summary about cost of living in Knoxville, TN, United States: Family of four estimated monthly costs are 3,202$ without rent. A single person estimated monthly costs are 909$ without rent. Knoxville is 36.65% less expensive than New York (without rent).
How much do you need to make to live comfortably in Knoxville?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $26,699 | $50,124 |
| Annual taxes | $4,328 | $8,126 |
| Required annual income before taxes | $31,027 | $58,250 |