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Wednesday, February 11, 2004

Demographics 

Thanks to a friend, here are the deomgraphics of the area where we plan to put our bakery:

35.18% of residents in this area fit the following profile:
Demographic:
Median age is 39.4 years.
Most householders are over the age of 55.
Most are couples; few have younger children, although some have adult children living at home.
Socioeconomic:
Median household income is almost $37,600.
Almost 60 percent of households receive income from interest, dividends or rental properties.
Residential:
Homes are in older, established neighborhoods.
Suburban, single-family, and owner-occupied homes with an average value slightly lower than the national average.


26.7% of residents in this area fit the following profile:
Demographic:
Median age is 39.4 years.
More than 40 percent of the householders are between the ages of 45 and 64 years.
Socioeconomic:
Median household income is $52,000.
Two-thirds of the households receive income from dividends, interest or rental properties.
Unemployment is 50 percent lower than the national average.
Over 20 percent households receiving retirement or pension income.
More than 90 percent of adults (25 years and older) have completed high school; more than 40 percent, a college degree.
Residential:
Homes are owner-occupied with an average value 40 percent above the national average.
Most homes were built between 1950 and 1969.
Comprised of single-family homes.


20.12% of residents in this area fit the following profile:
Demographic:
Median age is 36.7 years.
Socioeconomic:
Median household income is slightly over $42,600.
Unemployment is low.
Most of the working population is employed in professional or managerial positions.
More than 35 percent of adults (age 25+) have earned a college degree.
Residential:
Mix of single-family homes and townhouses with smaller (two to five units) rentals.
Most homes are owner-occupied, including condominiums.
Average home value is above the national average.

This makes it look like a really good neighborhood for a bakery of the Cracked Cauldron sort.

The neighboring areas are:

48.4% of residents in this area fit the following profile:
Demographic:
Median age, 32.4 years, represents the gap between householders under 25 and over 75 years. (national average)
Socioeconomic:
Median household income is $21,400.
About 60 percent of households earn less than $25,000.
The rates of unemployment and poverty are twice the national averages.
Residential:
Single-family units, duplexes and quads account for most of the housing.
Most of the housing is older, built before 1950.


25.95% of residents in this area fit the following profile:
Demographic:
Median age is 31.1 years.
Approximately 25 percent of are in twenties.
Households are single-person or shared.
Socioeconomic:
30 percent have a bachelor's or graduate degree; almost 30 percent have completed some college or an associate degree; 20 percent are attending college.
Represents 1.5 percent of U.S. population.
Median household income is $24,600. Half of the employed population is employed part-time.
Residential:
20 percent of the housing is single-family, owner-occupied.


8.63% of residents in this area fit the following profile:
Demographic:
Median age is 36.7 years.
Socioeconomic:
More than 35 percent of adults (age 25+) have earned a college degree.
Median household income is slightly over $42,600.
Unemployment is low.
Most of the working population is employed in professional or managerial positions.
Residential:
Average home value is above the national average.
Mix of single-family homes and townhouses with smaller (two to five units) rentals.
Most homes are owner-occupied, including condominiums.

and

26.28% of residents in this area fit the following profile:
Demographic:
Median age is 34 years.
Socioeconomic:
Median household income is $30,800.
Represents more than 5 percent of U.S. households.
Unemployment and poverty are low.
Half of the work force is employed in the manufacturing and service industries.
Residential:
Average home value is 40 percent below the national average.
Neighborhoods offer affordable housing: older, single-family homes and duplexes.


20.73% of residents in this area fit the following profile:
Demographic:
Median age is 37.6 years.
Half of the householders are over 55.
Mostly couples with no children at home and singles are increasingly common.
Socioeconomic:
Median household income is $24,900.
Represents a 3.7 percent share of consumers.
More than 40 percent of the households are receiving Social Security income.
Two-thirds of the adults have completed high school.
Wages and salaries are not the only source of income.
16 percent are self-employed -- in farming or other business.
Residential:
Average home value is 60 percent lower than the national average.
Single-family houses account for almost 75 percent of the housing.
Almost 70 percent of the homes are owner-occupied; more than 10 percent of the housing is vacant.


16.54% of residents in this area fit the following profile:
Demographic:
Median age is 39.4 years.
Most householders are over the age of 55.
Most are couples; few have younger children, although some have adult children living at home.
Socioeconomic:
Almost 60 percent of households receive income from interest, dividends or rental properties.
Median household income is almost $37,600.
Residential:
Homes are in older, established neighborhoods.
Suburban, single-family, and owner-occupied homes with an average value slightly lower than the national average.

and

27.78% of residents in this area fit the following profile:
Demographic:
Median age is 39.4 years.
Most householders are over the age of 55.
Most are couples; few have younger children, although some have adult children living at home.
Socioeconomic:
Median household income is almost $37,600.
Almost 60 percent of households receive income from interest, dividends or rental properties.
Residential:
Suburban, single-family, and owner-occupied homes with an average value slightly lower than the national average.
Homes are in older, established neighborhoods.


26.92% of residents in this area fit the following profile:
Demographic:
Median age is 40 years.
About 35 percent of the householders are aged 65 or older.
Single-person households account for more than 40 percent of households.
There are few children.
Socioeconomic:
Median household income is $34,900, just slightly higher than the national average.
Many of the householders are retired.
Almost 40 percent receive Social Security; 20 percent are on a pension.
Poverty and unemployment rates are low.
Inclined to save rather than invest.
Residential:
Two-thirds of the housing is multi-unit and built before 1970.
Home values are average.


16.99% of residents in this area fit the following profile:
Demographic:
Median age is 34 years.
Socioeconomic:
Median household income is $30,800.
Represents more than 5 percent of U.S. households.
Unemployment and poverty are low.
Half of the work force is employed in the manufacturing and service industries.
Residential:
Neighborhoods offer affordable housing: older, single-family homes and duplexes.
Average home value is 40 percent below the national average.

However you cut it, it looks like a decent place to catch a range of people. Considering it's 5 minutes from downtown and the state capitol on a major crossroad, near a large private university, and situated between 3 large 24 hour call centers, I'd say it's a decent location.


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