Category: Move To Kingsport
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A New Generation Leads: How Millennials and Gen Z Are Shaping Kingsport’s Future
The City of Kingsport is going through a major generational shift. Many still think of Kingsport as a retirement city, but now there are more citizens under 40 than over 40. This means there are more Millennials and Gen Z living in Kingsport than Boomers and Gen X. Although it’s a group I revere, the…
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Making Fair Comparisons: Housing Markets Across Eastern Tennessee
Comparing cities can be tricky—it’s a lot like comparing yourself to someone else. For example, if your friend saves $10,000 while you save $5,000, they might seem more successful. But if they earn twice your salary, you’re actually saving at a higher rate. It’s the difference between saying, “Who has more?” versus “Who is doing…
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At The End of The Day, People Vote with Their Feet
I’ve come to realize that many states are trying to replicate what we have in Tennessee—no income tax, no personal property tax, and no inheritance or estate tax. At last count 15 states are trying, but it’s easier said than done because they’ve become accustomed to that revenue stream and rarely want to cut costs.…
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Kingsport’s Largest Generation Might Surprise You
What’s the largest generation living in Kingsport today? The answer surprised me—it might surprise you too. Millennials have just surpassed Boomers as the city’s largest demographic–just barely–but the gap is likely to grow as older generations age and younger generations fill their void. Kingsport also has the highest percentage of Gen Alpha (under 10 years…
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Tennessee’s Housing Challenges: Where and Why It Got So Expensive
Check out this report from The Sycamore Group. It’s the most comprehensive explanation I’ve seen. There are many charts and figures that paint a picture of housing trends all across Tennessee. In my opinion, it’s very consistent with what I’ve been saying for several years now, but it covers every county in Tennessee. It helps…
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Balanced Growth: How Our Region Compares
Last week, the Census Bureau released updated population estimates for metropolitan areas from 2020 to 2024. Curious about how our region compares to similar metros nationwide, we analyzed all metros within 10% of the population of either Kingsport-Bristol or Johnson City. A healthy metro growth rate typically falls between 0.5% and 1% per year, equating…
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Unlocking Economic Growth: New Housing’s Impact on Sales Tax Revenue
I was recently asked about the fiscal impact of a typical housing development on Kingsport’s sales tax revenue. Let’s consider a recent development with 77 single-family homes and 16 condos, totaling 93 units. Assuming a median price of $350,000 per home, a buyer would need an income of approximately $80,628 to afford this with a…
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Move To Kingsport – February 2025
February is typically a slow month for out-of-state relocations, but this year saw 37 new families move in, a 16% increase from last year. The monthly median purchase price reached $350,000, marking a 3% increase over the past 12 months. The top sources of newcomers from outside the region for the past month, in order,…
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The True Cost of a Job Move: How Kingsport Stacks Up Against Nashville and Savannah
Recently, we were asked to evaluate a job move for a Kingsport employee considering opportunities in Savannah and Nashville. The key question: How much salary would it take to match a $50,000 income in Kingsport? We analyzed the core cities as well as surrounding suburbs that offer the best combination of affordability and top-rated public…
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GDP Reflects the Economic Strength of Tri-Cities
Gross Domestic Product (GDP) is a key measure of a local economy’s health, representing the total value of goods and services produced within a specific area. It provides insight into economic growth, business activity, and overall financial well-being. While the Census tracks population and demographics, GDP serves as a measure of economic output and business…
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