Knoxville, TN

Knoxville Metro Area industry wages have increased by 18.9% percent since 2001

2007-03-19T01:10:00.000-07:00

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Industry wages, from 2001 to 2006, have increased in the Knoxville Metro Area by a total of 18.9%. This is less than the growth in industry wages for the State of Tennessee and greater than the growth in average wages for the US.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Knoxville Metro Area Industry Wages Lag Behind Tennessee, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:13:00.000-08:00

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The average total wages in all industries in Knoxville, TN can be described as medium-high when analyzed with other Metro Areas in the United States. The overall wages are 1.2 percent lower than the reported averages in the state of $36,146. The average pay was less than the national industry average of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Knoxville Five-Year Industry Employment Change

2007-02-11T13:44:00.000-08:00

Total Five-Year Employment Decline in the Knoxville Metro Area

Of the area's industries (4-digit NAICS), the Gasoline stations industry has lost the most employment with a total loss of 1,082 jobs. The declines in the Gasoline stations industry make up 79.0 percent of the total employment decline in Knoxville, TN.

Top 5 Industries
1. Gasoline stations (1,082 jobs lost)
2. Building finishing contractors (134 jobs lost)
3. Book, periodical, and music stores (74 jobs lost)
4. Beer, wine, and liquor stores (70 jobs lost)
5. Taxi and limousine service (11 jobs lost)

In the Knoxville, TN metro area, the total number of jobs throughout all industries has increased by 24,030 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Growth in the Knoxville Metro Area

Out of the 4-digit NAICS industries, the Full-service restaurants industry has accounted the most employment growth with a total of 2,965 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 60.0 percent of the total number of new jobs in Knoxville.

Top 5 Industries
1. Full-service restaurants (2,965 new jobs)
2. Building equipment contractors (635 new jobs)
3. Other specialty trade contractors (339 new jobs)
4. Building foundation and exterior contractors (317 new jobs)
5. Offices of other health practitioners (159 new jobs)

From the 20 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 5 reported job growth in the duration of the last five years and 15 industry sectors accounting for employment declines during that time period.

Employment for all industries has increased by 9.7 percent from the reported values in 2001. These values are greater than percent in the State of Tennessee, which experienced a gain of 3.3 percent from 2001 (2nd Quarter). The gains in the area were greater than than the gain reported at the US level of 2.6 percent.

The Knoxville Metro Area: Five-Year Percentage Growth in Employment

The Local messengers and local delivery industry has experienced the largest percentage growth, expanding by 40.8 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Knoxville has increased employment slower than the industry has grown in the State of Tennessee, where the industry felt a gain of 43.3 percent. The Local messengers and local delivery industry in Knoxville outpaced the nation in terms of industry employment growth . During this period, the nation lost 15.4 percent of the employment in this industry.

Top 5 Industries
1. Local messengers and local delivery (40.8 percent gain)
2. Alcoholic beverage merchant wholesalers (34.8 percent gain)
3. Other specialty trade contractors (29.9 percent gain)
4. Business, computer and management training (29.7 percent gain)
5. Building foundation and exterior contractors (25.0 percent gain)

The Knoxville Metro Area: Five-Year Percentage Decline in Employment

The Taxi and limousine service industry has lost the largest percent of jobs, losing 39 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined slower than the industry sector has felt in the State of Tennessee, where the industry felt a loss of . percent. The losses in the Taxi and limousine service industry in Knoxville outpaced the US in terms of percent of decline of industry employment. The US lost 3.6 percent in terms of employees in the Taxi and limousine service industry.

Top 5 Industries
1. Taxi and limousine service (39 percent decline)
2. Gasoline stations (27.1 percent decline)
3. Beer, wine, and liquor stores (20.2 percent decline)
4. Book, periodical, and music stores (10.6 percent decline)
5. Building finishing contractors (6.3 percent decline)

Knoxville One-Year Industry Employment Change

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Employment for all industries has increased by 2.2 percent from the reported values in 2005. These values are greater than growth in Tennessee, which experienced a gain of 1.9 percent since the 2nd Quarter of 2005. The gains the area experienced were greater than than the gain felt at the national level of 2 percent.

The Knoxville Metro Area: One-Year Percentage Decline in Employment

The Logging industry has seen the largest percentage drop in employment, losing 35.3 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has experienced in the State of Tennessee, where the industry felt a loss of 10.1 percent. The losses in the Logging industry in Knoxville outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 3.8 in percent of workers in the Logging industry.

Top 5 Industries
1. Logging (35.3 percent decline)
2. Remediation and other waste services (24.8 percent decline)
3. Electric goods merchant wholesalers (24.6 percent decline)
4. Book, periodical, and music stores (21.8 percent decline)
5. Grocery and Related Product Wholesalers (19.6 percent decline)

The Knoxville Metro Area: One-Year Percentage Growth in Employment

The Lessors of nonfinancial intangible assets industry has gone through the largest job growth by percent, increasing by 110.4 percent from 2005 to 2006. This industry in Knoxville has grow faster than the industry has grown in the State of Tennessee, where the industry felt a gain of 4.5 percent. The Lessors of nonfinancial intangible assets industry in Knoxville outpaced the national average, which felt a gained 7.2 percent.

Top 5 Industries
1. Lessors of nonfinancial intangible assets (110.4 percent gain)
2. Forging and stamping (42.9 percent gain)
3. Misc. nondurable goods merchant wholesalers (41.1 percent gain)
4. RV parks and recreational camps (38.4 percent gain)
5. Couriers (32.7 percent gain)

Total One-Year Employment Decline in the Knoxville Metro Area

From of the area's 4-digit NAICS industries, the Gasoline stations industry experienced most substantial job loss, losing 491 jobs during the period. The employment lost in the Gasoline stations industry make up 15.6 percent of the total employment decline in Knoxville, TN.

Top 5 Industries
1. Gasoline stations (491 jobs lost)
2. Grocery and Related Product Wholesalers (376 jobs lost)
3. Department stores (353 jobs lost)
4. Nondepository credit intermediation (217 jobs lost)
5. Electric goods merchant wholesalers (202 jobs lost)

In the Knoxville, TN metro area, the total number of jobs throughout all industries has increased by 5,754 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Of the 102 4-digit NAICS industries, 45 described an expansion of jobs throughout the time period, while 56 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Growth in the Knoxville Metro Area

Of the industries (4-digit NAICS) in the area, the Couriers industry has added the most employment with 406 new jobs created in the period. The job growth in the Couriers industry makes up 7.7 percent of the growth in Knoxville.

Top 5 Industries
1. Couriers (406 new jobs)
2. Building equipment contractors (390 new jobs)
3. Misc. nondurable goods merchant wholesalers (345 new jobs)
4. Offices of physicians (339 new jobs)
5. Motor vehicle parts manufacturing (290 new jobs)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Knoxville, TN

2007-01-11T16:27:00.000-08:00

When compared to other Metro Areas throughout the United States, the Knoxville metro area reported a medium-low household income of $43,143 (2005 Dollars). The income level is 1.4 percent higher than the household income median in State of Tennessee of $42,541 and the median household income is 13.9 percent lower than the median household income level in the US of $49,133.

The poverty rate in the Knoxville, TN Metro has increased by 3.3 percent since the amount published in 2000, moving from 12 percent to 15.3 percent.

When compared to other Metro Areas across the United States, the Knoxville metro area can be considered to have a medium-low rate of poverty among its population, accounting a rate of 12.0 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 31.1 percent of the population in 2000 living in poverty. Individuals aged Under 5 years have the most percent of people living in poverty in Knoxville, having 17.5 percent of this age group in the area living in poverty.

The American Indian and Alaska Native households in Knoxville reported an income level of $41,503, this was 3.8 percent less than the median for all households. Black or African American headed households had a median household income that was 41.3 percent less than the overall reported level in 2000, with a reported median of $25,346. In Knoxville, TN White householders had a median income (2005 Dollars) of $44,327 as reported in 2000 by the census, which was 2.7 percent greater than the median income in 2000. Hispanic households in Knoxville, TN recorded a median income of $35,354, this median is 18.1 percent less than the areas median income level for all households. The Asian householders in the area have reported their median household incomes at $48,129. This household income level is 11.6 percent greater than the reported median household income, in the area, for all households.

While the median household income saw a decline from 2000 to 2005 in the Knoxville, TN metro area, the Race/Ethnicity group that experienced the largest decline in median income was the Hispanic Race/Ethnicity category. This group experienced a decline of 23.5 percent since the year 2000. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income decline in Knoxville, seeing a 109.2 percent increase in median income, since the values reporting the 2000 Decennial Census.

The household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $41,354, posting a 4.1 percent decline. The Knoxville, TN MSA, when comparing total percent of decline, ranks 3 of 3 metro area in percent of decline for income levels in the State of Tennessee. Knoxville ranks 190 of 233 metro area when comparing total percent of decline in median income in the US.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Knoxville, TN Metro Area

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From the year 2000, the Knoxville metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 2.8 percent to a total of 26.2 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is greater than the 2005 State of Tennessee percent of 21.8 and less than the national percent of 27.2.

Reported by the 2005 American Community Survey in the Knoxville, TN Metro Area, many men in the area have reached the Bachelors Degree or Higher category, with 29.8 percent achieving this level. The female population in the Knoxville metro area on average have achieved a lower level of higher education (Bachelors or Higher) than men; 29.8 percent (Men) versus 22.8 percent (Women). The largest educational attainment category for women is High School Diploma category, with 33.8 percent of women in the area reaching this education level.

In the Knoxville, TN Metro Area according the 2005 American Community Survey, 26.4 percent of the White Alone, 18 percent of Black or African American, 64.6 percent of the Asian alone and . percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Knoxville, TN Metro Area has a moderately-educated working age population, with 26.2 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Knoxville MSA counted a higher percent of highly educated individuals than the State of Tennessee's proportion of 21.8 percent and a lower percent than the national average of 27.2 percent.

Between 2000 and 2005, the percent of the male population that can be understood as highly educated has increased by 3.8 percent. In the year 2005, 29.8 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 1.6 percent. By the year 2005, a total of 22.8 percent of the female population having received at least a Bachelors Degree.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Knoxville, TN

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The Knoxville metro area had a population of 655,400 in 2005. The estimated population has increased sharply, since its 2000 population of 617,454. This growth signifies an increase of 6.1 percent. Knoxville ranks 3 of 10 MSAs when analyzing total population change in Tennessee and the metro area ranks 71 of 361 metro areas when analyzing total MSA population change across the nation.

When calculating the total land area, the Knoxville metro area extends a total area of 1857 square miles. The MSA has a medium-high average area density of 353 persons per square mile. Other metro areas with similar densities in the US include: -- more densely populated -- Rochester (354 per sq. mile ), Springfield (356 per sq. mile ), Oshkosh-Neenah (364 per sq. mile ), -- less densely populated -- Erie (350 per sq. mile ), Youngstown-Warren-Boardman (348 per sq. mile ), Lebanon (347 per sq. mile ).

The U.S. Census Bureau, in the year 2005, estimated the median age in the Knoxville metro area to be 38.8 years of age. The median age in Knoxville is greater than the median age for the State of Tennessee of 37.3. Since the year 2000, the area has witnessed an increase in the median age, at that time the median was 37.3 years old. With 51.8 percent of the 2005 population being made up of children and youth younger than 18, Knoxville can be described as having a medium-high percent of individuals under 18. The working age population group (18-64) has a relatively high representation within the population, making up 65.8 percent of the population falling in this age category. The retirement (65 and over) group makes up 10.4 percent of the total population in the area. Compared to other metro areas in the US, this represents a medium-low proportion of the area population base.

From 2000, a medium-high amount of people migrated into the Knoxville metro area, with 3,642 people migrating in from outside the country. The immigration into Knoxville accounts for 7.3 percent of all immigration into Tennessee. This percent of immigration can be considered medium-high when analyzed against immigration per population in 2005.

The Knoxville metropolitan statistical area (MSA) has a population that is made of 89.3 percent White, 6.4 percent African American, 1.3 percent Asian, and 1.7 percent Hispanic. This area can be considered to have a modest level of diversity, with 9.4 percent of the population being minorities. This is less than the State of Tennessee percent of 20.9. Since 2000, Knoxville has increased the level of diversity when 8.7 percent of the population was made up of minorities.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Knoxville

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The owner-occupied dwellings in Knoxville, Tennessee have experienced moderate increases from the housing values in 2000. The residential values have increased by $24,000, or 24.3 percent, from 2000 when they had reported median values of $98,700.

Throughout the State of Tennessee, Knoxville ranks 5 of the 10 metro areas by percentage growth in residential real estate. The metro area is positioned 162 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Knoxville had an owner-occupied dwelling median in 2005 of $122,700, according to the American Community Survey. This home value is greater than the Tennessee 2005 home median value of $114,000 and less than median home value of $167,500 for the United States in the same year.

Knoxville can be understood as having a medium percentage of homes that are high in price. For 2005, the American Community Survey reported that 3.1 percent of the areas residential property was valued over $500k.

In Knoxville, the real estate market was made up of 298,485 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding all together 17,287 residential structures since 2001, a change of 6.1 percent.

There is a large amount affordable residential real estate in Knoxville, Tennessee. In 2005, 51.3 percent of owner-occupied dwellings were valued under $125k.

Data Source: U.S. Census Bureau

Employment Report for Knoxville, Tennessee -- Annual 2005 Industry Summary

2006-11-05T00:31:00.000-08:00

A high-wage industry in Knoxville is the manufacturing industry with wages that annually pay $44,906. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 14 percent or $5,508. The State of Tennessee has a similar job market in the manufacturing industry, ranking near the top of industries in terms of 2004 annual average wages.

Finance and insurance is an attractive industry due to its high level of job growth since the year 2001 in Knoxville, with an employment growth of 37.7 percent. This is greater than the national employment change in the industry of 4.8 percent. The State of Tennessee experienced a change in employment in the sector of 2.2 percent, in the period of time since 2001.

Manufacturing has the largest employers in Knoxville MSA, with the industry averaging 47 jobs per establishment, which is greater than the industry's national average of 39 and less than the State of Tennessee establishments size average of 56 for the Manufacturing industry.

In Knoxville, Retail Trade, Manufacturing, and the Accommodation and food services industries are the largest employment industries. The Retail Trade is the largest employment industry and makes up 15.9 percent of all jobs throughout the region, totaling 42,503 jobs. The Manufacturing and Accommodation and food services industries make up 14.5 and 11.2 percent of all employment.

The Health care and social assistance has seen the largest decrease in industry presence in the Knoxville Metro since the year 2001. The industry went from accounting for 13 percent of total jobs in the year 2001 to 0 percent in the year 2005.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).