| Location & Climate
Founded in 1791 where the French Broad and Holston Rivers converge to
form the Tennessee River, Knoxville is the largest city in East Tennessee
and ranks third largest in the state. It is located in a broad valley
between the Cumberland Mountains to the northwest and the Great Smoky
Mountains to the southeast. These two mountain ranges help provide a
moderate climate, with an annual average temperature of 58 degrees.
There are 104 square miles in the City of Knoxville and 526 square
miles in all of Knox County. Downtown Knoxville is 936 feet above sea
The Knoxville area is frequently cited in national surveys as a quality
place in which to live. The University
of Tennessee calls Knoxville home, making an array of educational
and cultural opportunities available to area residents. Affordable housing,
health care costs below the national average, a low crime rate, and
a pleasant climate with lakes and mountains nearby are factors which
make Knoxville an attractive place to settle.
Recent honors for Knoxville, Tennessee:
2013 - Knoxville ranked in the Top 3 Best Big Cities by Blue Ridge Country for their Best of the Mountains Readers Poll. Source: Blue Ridge Country June 2013.
2013 - Knoxville named as one of "Top 10 Outdoor Adventures Via Public Transportation." Source: Outdoor Magazine Jan. 2013.
2013 - Knoxville named #2 on the list of "Happiest Cities to Work in Right Now" by CareerBliss.com Source: Forbes.com Jan. 2013. | See List
2012 - Knoxville named in a Brookings Institution Report as one of three cities in the country to have recovered from the recession. Source: Reuters.com Nov. 2012.
2012 - Knoxville Wins IBM Smarter Cities Challenge Grant. Source: IBM.com Nov. 2012.
2012 - Knoxville named as a finalist for Bloomberg Philanthropies' Mayors Challenge. Source: Bloomberg Philanthropies Nov. 2012.
2012 - Knoxville's Gay Street named one of 10 Great Streets for 2012 by the American Planning Association. Source: Great Places in America Oct. 2012.
2012 - Knoxville ranked in the Top 10 for economic growth potential by Business Facilities Magazine. Source: BusinessFacilities.com Aug. 2012.
2012 - Knoxville named one of "20 Best Vacation Destinations" by Frommers.com. Source: Frommers.com June 2012.
2012 - Knoxville named one of "25 Best Places to Retire in 2012" by Forbes.com. Source: Forbes.com June 2012.
2012 - Knoxville named as one of the "Best Mid-Size Cities for Jobs" by Forbes.com. Source: Forbes.com May 2012.
2012 - Knoxville named as one of ten fastest growing U.C. cities by ManpowerGroup. Source: CNN Apr. 2012.
2012 - Knoxville named as one of the two metropolitan areas for "Best Cities for Jobs This Spring" by ManpowerGroup. Source: Forbes Mar. 2012.
2012 - Knoxville named one of "Best Sports Cities in the South" by BleacherReport.com.. Source: Bleacher Report Mar. 2012.
||Per Capita Income Average
|City of Knoxville
MSA refers to Anderson, Blount, Knox, Loudon, Sevier and
Source: Bureau of Economic Analysis
Tennessee is a business-friendly state. Corporations, as well as citizens,
benefit from the Tennessee tax structure. It is profitable to do business
in Tennessee and cost effective to live here. Various tax credits
are applicable, further lowering tax liability of corporations within
the state. Tennessee is one of the few remaining state with no personal
Under Tennessee Constitutional law, property
taxes are assessed as follows:
Residential property is assessed at 25% of appraised value
Commercial/industrial property is assessed at 40% of appraised value
As of July, 2013, the property tax rate for Knox County residents
is $2.32 per $100 assessed value, and the tax rate within the City
of Knoxville is $2.3857 per $100 assessed value. Residents of the city
are subject to both city and county property taxes.
Business taxes, payable in both the city and county, vary from 1/30
of 1% to 1/8 of 1% of taxable gross receipts, of which
the state receives 15%. The minimum business tax is $20. Most professional
offices and manufacturers are exempt. More information can be obtained
from the city at 865-215-2083 and the county at 865-215-2392.
The state sales tax is 7%. The local sales tax is 2.25%, bringing
the total sales tax in Knox County to 9.25%.
In 2000, nonagricultural employment in the Knoxville MSA* was distributed
|Finance, Insurance, Real Estate
| Manufacturing - Durable Goods
| Manufacturing - Nondurable Goods
|Transportation, Communications, Public
| * MSA refers to Anderson,
Blount, Knox, Loudon, Sevier and Union Counties
The Knoxville economy has no one dominant employment sector. The
diversified labor force is credited as the primary factor for the
area's low unemployment rate. Total employment in June 2004 was
The Knoxville MSA total labor force exceeded 380,000, as of March
2004. The average MSA unemployment rate in March 2004 was 3.9%.
The rate for Knox County was 2.6%. Both are lower than the statewide
average rate of 5.2% and the nationwide average rate of 6.0% for
this time period.
Commerce and Industry
Manufacturing forms located in the Knoxville MSA produce everything
from shoulder pads for professional football teams to medical devices,
electronic components, chemicals, manufactured housing, apparel
and automobile parts. These firms employ from as few as five to
as many as 12,000 employees. Industrial investment in the Knoxville
MSA in 2000 totaled $509 million, creating 2,662 additional jobs.
Four regional shopping malls, six major chain department stores,
and a number of shopping centers and factory outlets meet the retail
needs of the Knoxville metropolitan area. MSA retail sales totaled
$9.4 billion in 1999 and ranked 75th out of 323 MSAs in total retail
Links of Interest:
US Census Bureau
Metropolitan Planning Commission
Population Reference Bureau
TN Dept. of Labor and
UT Center for Business and Economic