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HomeMy WebLinkAboutPepperwoodPopulation: 13,332 Median Disposable Income: $30,875 Median age of 21.9 years, 79 percent of residents are enrolled in a college or university. Ethnic diversity is slightly lower in this segment than in the United States. Three-fourths of the employed residents work part-time in low-paying service jobs. Forty-three percent live in dormitories on campus; the remainder rent apartments in multi-unit buildings off campus. Spending patterns reflect a carefree lifestyle and focus on education. While not eating at the dining hall, they eat fast food or convenient frozen meals. A computer is a necessity; they prefer laptops and use the Internet for daily needs, including communication. Most own cell phones and bank online. They get exercise from college sports and walking around campus. Prefer living in older city neighborhoods, median age 37, and diversity is low, most of the population is white. Half employed in professional or managerial positions. More than 75% of those over 25 attended college or completed a degree program. Median household income is $53,486. Due to older homes, many contract for lawn maintenance and professional housekeeping services. Own shares in investment funds and hold large life insurance policies. Residents pursue an active, urban lifestyle and travel frequently. Active members of their community and prefer to own and use a laptop computer, preferably an Apple. Go online daily to download music, buy books, airline tickets and clothes. Most are young, startup families, married couples with or without children and single parents. Approximately two-thirds are families. Median age is 31.1; nearly 20% are in their 20s. Typical of younger populations, residents are more ethnically diverse than the total US population. Median household income is $46,275. 60% employed in professional, management, sales or office/administrative support positions. 51% rent, 47% own their own homes. Spend most of their discretionary income for baby and children’s products, toys, home furnishings, cameras and video game systems. Residents likely to go to a theme park while on vacation. Eat at family restaurants. 34.1% DORMS TO DIPLOMAS 26% METROPOLITANS Households: 5,714 Per Capita Income: $21,323 ESRI TAPESTRY SEGMENTATION AREA PROFILE* REPRESENTING 89.8% OF HOUSEHOLDS WITHIN 1 MILE ESRI MARKETPLACE PROFILE PEPPERWOOD 29.7% ASPIRING YOUNG FAMILIES ASPIRING YOUNG FAMILIES Spend most of their discretionary in- come for baby and children’s products, toys, home furnish- ings, cameras and video game systems. Data from October 2012  PRODUCT/CONSUMER BEHAVIOR % OVER U.S. AVERAGE Avg. monthly cell/mobile phone/PDA bill $1-$49 17%  Spent <$500 on most recent PC purchase 59%  Bought cigarettes at a convenience store (last 30 days) 32%  Bought gas at a convenience store (last 30 days) 20%  Attended movies (last 6 months) 20%  Went to a bar/night club (last 12 months) 41%  Visited a theme park 34%  Rented 4 DVDs (last 30 days) 25%  Purchased 3– 4 DVDs (last 30 days) 78%  MARKET POTENTIAL ANALYSIS (0-1 MILE)* Market Potential Index (MPI) measures relative likelihood of the adults in a specified trade area to exhibit certain consumer behavior or purchasing patterns. RETAIL OPPORTUNITIES (0-1 MILE)* RETAIL GAP: Represents the difference between Retail Potential and Retail Sales. LEAKAGE FACTOR: A positive value represents a “leakage” of retail opportunity outside the trade area. A negative value represents a surplus of retail sales. +100 (total leakage) to -100 (total surplus) PRODUCT/CONSUMER BEHAVIOR % OVER U.S. AVERAGE Exercise at club 2+ times per week 18%  Carry renter insurance 51%  Fast food drive-in / home delivery (last 6 months) 48%  Owns 1 TV 46%  Purchased audio equipment (last 12 months) 37%  Spent <$1000 on domestic travel (last 12 months) 80%  Spent $1000- $2999 on foreign vacations (last 12 months) 40%  Used ATM (last 12 months) 20%  Online Banking (last 12 months) 33%  INDUSTRY GROUPS RETAIL GAP LEAKAGE FACTOR Food & Beverage Stores $8,642,846 34.9  Health & Personal Care Services $1,420,664 24.2  Clothing & Clothing Accessories Stores $2,222,359 37.8  Nonstore Retailers $415,071 100  PEPPERWOOD ESRI MARKETPLACE PROFILE * FULL ESRI ANALYSIS available upon request, including 3 and 5-mile radius reports.  1-MILE RADIUS STREET MAP PEPPERWOOD ESRI MARKETPLACE PROFILE