LifeMode Group: Hometown Family Foundations 12A Households: 1,282,000 Average Household Size: 2.70 Median Age: 38.8 Median Household Income: $40,000 WHO ARE WE? OUR NEIGHBORHOOD SOCIOECONOMIC TRAITS Family and faith are the cornerstones of life in these communities. Older children, still living at home, working toward financial independence, are common within these households. Neighborhoods are stable: little household growth has occurred for more than a decade. Many residents work in the health care industry or public administration across all levels of government. Style is important to these consumers, who spend on clothing for themselves and their children, as well as on smartphones. • Family Foundations residents are a mix of married couples, single parents, grandparents, and children, young and adult. • More than half have either attended college or obtained a degree; one-third have only finished high school. • Average household size is slightly higher at 2.70. • Unemployment rate is high at 15% (Index 178); labor force participation rate is slightly lower at 60% as workers begin to retire. • Neighborhoods are found in principal cities of major metropolitan areas throughout the South and West. • Two-thirds are homeowners living in single family houses built before 1970. • Nearly three-fourths of all households have one or two vehicles at their disposal; average commute time is slightly higher. TAPESTRY • Over one-third of households currently receive Social Security benefits; more than a quarter draw income from retirement accounts. • A strong focus is on religion and character. • Style and appearance is important. TM SEGMENTATION esri.com/tapestry Note: The Index represents the ratio of the segment rate to the US rate multiplied by 100. Consumer preferences are estimated from data by GfK MRI. 12A LifeMode Group: Hometown TAPESTRY Family Foundations SEGMENTATION esri.com/tapestry AGE BY SEX (Esri data) RACE AND ETHNICITY (Esri data) INCOME AND NET WORTH Median Age: 38.8 US: 37.6 The Diversity Index summarizes racial and ethnic diversity. The index shows the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. The index ranges from 0 (no diversity) to 100 (complete diversity). Net worth measures total household assets (homes, vehicles, investments, etc.) less any debts, secured (e.g., mortgages) or unsecured (credit cards). Household income and net worth are estimated by Esri. | Indicates US 85+ 80–84 75–79 70–74 65–69 60–64 55–59 50–54 45–49 40–44 35–39 30–34 25–29 20–24 15–19 10–14 5–9 <5 TM Diversity Index: 43.0 US: 62.1 Hispanic* 7.1% Multiple 2.2% Other 2.9% Asian and Pac. Island American Indian Median Household Income $40,000 0 1.0% 8% 4% 0 4% Male 79.9% $60k $90k $120k+ $300k $400k+ $53,000 13.6% 0 8% Female $30k Median Net Worth 0.5% Black White US Median $51,000 0 20% 40% * Hispanic can be of any race. 60% US Median $71,000 80% 0 US Average $100k $200k AVERAGE HOUSEHOLD BUDGET INDEX OCCUPATION BY EARNINGS The index compares the average amount spent in this market’s household budgets for housing, food, apparel, etc., to the average amount spent by all US households. An index of 100 is average. An index of 120 shows that average spending by consumers in this market is 20 percent above the national average. Consumer expenditures are estimated by Esri. The five occupations with the highest number of workers in the market are displayed by median earnings. Data from the Census Bureau’s American Community Survey. 72 Food 73 $60,000 Median Earnings Housing 48 Apparel & Services 73 Transportation Health Care 76 Entertainment & Recreation 74 68 Education Pensions & Social Security 71 Other 71 0 50 Management $40,000 Production 150 200 250 300 350 Office and Administrative Support $20,000 Sales and Related 0 100 Transportation and Material Moving 50,000 100,000 150,000 200,000 Workers ( Age 16+) 250,000 300,000 12A LifeMode Group: Hometown TAPESTRY Family Foundations MARKET PROFILE TM SEGMENTATION esri.com/tapestry HOUSING (Consumer preferences are estimated from data by GfK MRI) Median home value is displayed for markets that are primarily owner occupied; average rent is shown for renter-occupied markets. Tenure and home value are estimated by Esri. Housing type and average rent are from the Census Bureau’s American Community Survey. • Baby and children’s products are the primary purchases made by Family Foundations residents. • They shop at discount stores, such as Marshalls and T.J. Maxx, and take advantage of savings at Sam’s Club. • Many have no financial investments or retirement savings. • Magazines, particularly focusing on health and children, are popular. • They enjoy listening to urban format radio. • One of their favorite entertainment sources is television: subscribe to premium cable channels and own 3–4 TVs. Own 67.0% Typical Housing: • They’re connected, but use the Internet primarily for entertainment, chat rooms, and online gaming. Home Ownership US Percentage: 63.6% Own 36.4% Rent Rent 33.0% Single Family Median Value: $112,000 US Median: $177, 000 POPULATION CHARACTERISTICS ESRI INDEXES Total population, average annual population change since Census 2010, and average density (population per square mile) are displayed for the market relative to the size and change among all Tapestry markets. Data estimated by Esri. Esri developed three indexes to display average household wealth, socioeconomic status, and housing affordability for the market relative to US standards. 900,000 Population 11,000,000 0 3,507,000 -0.5% Population Growth (Annual %) Wealth Index 3.0% 0 0.1% 0 Population 350 68 350 80 Socioeconomic Status Index Density (Persons per sq. mile) 1000 1,333 25,000 0 183 Housing Affordability Index 350 12A LifeMode Group: Hometown TAPESTRY Family Foundations SEGMENTATION esri.com/tapestry SEGMENT DENSITY This map illustrates the density and distribution of the Family Foundations Tapestry Segment by households. High Low Copyright © 2014 Esri. All rights reserved. Esri, the Esri globe logo, Tapestry, @esri.com, and esri.com are trademarks, service marks, or registered marks of Esri in the United States, the European Community, or certain other jurisdictions. Other companies and products or services mentioned herein may be trademarks, service marks, or registered marks of their respective mark owners. G62222 ESRI2C7/14dl TM For more information 1-800-447-9778 [email protected] esri.com
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