retail sales | sales tax | disposable income

• Loudon County has seen significant growth in the retail industry over the past few years.
• The Highway 321 area in Lenoir City has become a regional shopping center for residents of Loudon, Monroe, Roane, southern Anderson, and western Blount counties.
• Loudon County has positioned itself for continued future growth in the retail industry along the Highway 321 (Lenoir City), Highway 72 (Loudon), and central business district corridors.
• Loudon County residents have made known their desire for more retail and restaurant establishments.

Retail Sales

Annual Retail Sales In 1000's of Dollars Item 2004 2005 % Change 2004 -2005 Building supplies $55,014 63,496 15.4 General merchandise 79,700 84,972 6.6 Food stores 70,050 77,183 10.2 Autos, boats, planes 84,262 80,738 -4.2 Apparel 3,231 3,431 6.2 Furniture 4,368 4,936 13.0 Eating places 38,297 43,033 12.4 Service stations 41,762 55,474 32.8 Miscellaneous 62,680 63,453 1.2 Area Total $439,364 $476,715 8.5 Source: Tennessee Department of Revenue/East Tennessee Development District << Back to Top

Sales Tax

Quarterly Sales Tax Quarter/Year Amount Quarter/Year Amount % Change 1st/2004 $6,716,245 1st/2005 $7,199,164 7.2 2nd/2004 7,473,641 2nd/2005 7,926,246 6.1 3rd/2004 8,102,235 3rd/2005 8,370,359 3.3 4th/2004 7,130,195 4th/2005 7,651,847 7.3 Source:Tennessee Department of Revenue/East Tennessee Development District   Quarterly Sales Receipts From Lodging In 1000's of Dollars Quarter/Year Amount Quarter/Year Amount % Change 3rd/2004 1,407 3rd/2005 1,461 3.8 4th/2004 1,178 4th/2005 1,436 21.9 1st/2005 1,092 1st/2006 1,516 38.8 2nd/2005 1,394 2nd/2006 2,037 46.1 Source:Tennessee Department of Revenue/East Tennessee Development District

Effective Buying Income:

2005 Effective Buying Income (EBI) Knoxville Combined Metropolitan Statistical Area County Population (000s) Total EBI ($000) Median Household EBI % of Households: by EBI Group Buying Power Index $20,000-$34,999 $35,000-$49,999 $50,000 and Over Anderson 72.3 $1,300,425 $34,292 25.3 19.0 29.8 .0232 Blount 114.1 2,110,630 36,666 24.9 20.6 31.8 .0407 Knox 396.6 8,434,598 37,170 22.6 17.6 35.2 .1710 Loudon 42.8 866,625 38,842 23.1 20.2 35.0 .0147 Union 19.0 256,255 27,653 26.8 19.1 18.3 .0040 Source: Sales and Marketing Management Survey of Buying Power. Printed with permission from Sales and Marketing magazine.