University of Wisconsin Milwaukee UWM Digital Commons ETI Publications Employment and Training Institute 2001 Purchasing Power Profile: Cesar E. Chavez and National John Pawasarat University of Wisconsin - Milwaukee, [email protected] Lois M. Quinn University of Wisconsin - Milwaukee, [email protected] Frank Stetzer Follow this and additional works at: http://dc.uwm.edu/eti_pubs Part of the Public Policy Commons, and the Work, Economy and Organizations Commons Recommended Citation Pawasarat, John; Quinn, Lois M.; and Stetzer, Frank, "Purchasing Power Profile: Cesar E. Chavez and National" (2001). ETI Publications. 197. http://dc.uwm.edu/eti_pubs/197 This Presentation is brought to you for free and open access by UWM Digital Commons. It has been accepted for inclusion in ETI Publications by an authorized administrator of UWM Digital Commons. For more information, please contact [email protected]. Purchasing Power Profile: Cesar E. Chavez and National Milwaukee, Wisconsin Prepared by the University of Wisconsin-Milwaukee Employment and Training Institute for the Milwaukee Department of City Development, with funding from the Helen Bader Foundation. Within a 3-Mile Radius of Chavez & National Estimated $675.1 million spent on retail expenditures annually $251 million for food at home $90 million for food away from home $110 million for apparel and related services $115 million for entertainment $84 million for household furnishings and equipment $25 million for personal care products and services 63,408 working age income tax filers with $1.76 billion of adjusted gross income in 1999 16,434 elderly persons 97,501 active residential postal deliveries and 9,040 active business deliveries 77,491 registered vehicles 82,368 licensed drivers Population within 3-Mile Radius of Cesar E. Chavez & National CAPITOL DR LOCUST ST NORTH AVE WISCONSIN AVE NATIONAL AVE GREENFIELD AVE LINCOLN AVE 2000 POPULATION DENSITY DENSITY PER SQUARE MILE 0 to 500 500 to 5000 5000 to 10000 10000 to 15000 15000 to 25000 25000 to 200000 OKLAHOMA AVE LAYTON AVE COLLEGE AVE Spending Power Per Square Mile Much of the income earned in the S. Cesar E. Chavez Drive and W. National Avenue Target Area converts to direct spending power. Based on residents’ 1999 income tax returns and data on elderly persons, it is estimated that residents within a 3-mile radius spend $675.1 million annually on retail expenditures. Estimated 1999 Consumer Expenditures Food at home Total Within 3-Mile Radius Expenditures Per Square Mile $251,192,230 $10,734,711 $90,222,106 $3,855,646 Apparel and services $109,771,972 $4,691,110 Entertainment $115,079,462 $4,917,926 Household furnishings and equipment $83,629,945 $3,573,929 Personal care products and services $25,223,724 $1,077,937 $675,119,439 $28,851,258 Food away from home TOTAL RETAIL Retail Spending Residents in the Chavez and National Target Area spend an average of $28.9 million per square mile on retail items. Total Estimated Retail Spending Per Square Mile TARGET AREA Franklin 53132 $28.9 $4.5 $5.4 Oak C reek 53154 $14.9 "North Shore" 53217 $15.4 Hales C orners 53130 $17.3 Greendale 53129 $20.4 C udahy 53110 $23.3 South Milw. 53172 $25.6 West Allis 53227 $0 $5 $10 $15 (in millions) $20 $25 $30 Spending for Food at Home Estimated expenditures for food at home are 6-7 times the spending per square mile in Oak Creek or Franklin and double the spending in Hales Corners or the “North Shore.” Estimated Spending Per Square Mile for Food at Home $10.7 TARGET AREA Franklin 53132 $1.5 $1.8 Oak C reek 53154 $4.6 "North Shore" 53217 $5.2 Hales C orners 53130 $5.8 Greendale 53129 $7.5 C udahy 53110 $8.2 South Milw. 53172 $9.0 West Allis 53227 $0 $2 $4 $6 (in millions) $8 $10 $12 Spending for Food Away from Home Residents within a 3-mile radius of Chavez and National spend an estimated $90.2 million for food away from home, an average of $3.9 million per square mile. Estimated Spending Per Square Mile for Food Away From Home $3.9 TARGET AREA $0.7 Franklin 53132 $0.8 Oak C reek 53154 "North Shore" 53217 $2.3 Hales C orners 53130 $2.3 $2.6 Greendale 53129 $2.8 C udahy 53110 $3.3 South Milw. 53172 West Allis 53227 $0.0 $3.8 $0.5 $1.0 $1.5 $2.0 $2.5 (in millions) $3.0 $3.5 $4.0 Spending for Apparel Estimated expenditures for apparel and related services total $109.8 million for the area within a 3-mile radius of Chavez and National. Average expenditures of $4.7 million per square mile are well above those of many other neighborhoods. Estimated Spending Per Square Mile for Apparel and Related Services $4.7 TARGET AREA $0.7 Franklin 53132 $0.8 Oak C reek 53154 "North Shore" 53217 $2.4 Hales C orners 53130 $2.4 $2.7 Greendale 53129 $3.3 C udahy 53110 $3.6 South Milw. 53172 $3.9 West Allis 53227 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 (in millions) $3.5 $4.0 $4.5 $5.0 Spending for Entertainment Estimated expenditures per square mile for entertainment are higher than for many other neighborhoods. Estimated Spending Per Square Mile for Entertainment $4.9 TARGET AREA $0.9 Franklin 53132 $1.1 Oak C reek 53154 $2.9 "North Shore" 53217 $3.0 Hales C orners 53130 $3.4 Greendale 53129 $3.5 C udahy 53110 $4.4 South Milw. 53172 $4.7 West Allis 53227 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 (in millions) $3.5 $4.0 $4.5 $5.0 Spending for Household Furnishings Estimated expenditures for household furnishings and equipment total $83.6 million for residents within a 3-mile radius and $3.6 million per square mile. Estimated Spending Per Square Mile for Household Furnishings and Equipment $3.6 TARGET AREA $0.6 Franklin 53132 $0.7 Oak C reek 53154 Hales C orners 53130 $2.1 "North Shore" 53217 $2.1 $2.3 Greendale 53129 $2.5 C udahy 53110 $3.0 South Milw. 53172 West Allis 53227 $0.0 $3.3 $0.5 $1.0 $1.5 $2.0 $2.5 (in millions) $3.0 $3.5 $4.0 Spending for Personal Care Unlike many suburban areas, expenditures for personal care products and services are estimated to exceed $1 million per square mile. Estimated Spending Per Square Mile for Personal Care Products and Services $1.1 TARGET AREA Franklin 53132 $0.1 $0.2 Oak C reek 53154 "North Shore" 53217 $0.5 Hales C orners 53130 $0.5 $0.6 Greendale 53129 $0.7 C udahy 53110 $0.8 South Milw. 53172 $0.0 $0.2 $0.4 $0.6 $0.8 (in millions of dollars) $1.0 $1.2 Workforce Density The target area has 63,408 working age tax filers. These include 16,691 oneparent filers with dependents, 9,925 married filers with dependents, 6,117 married filers with no dependents and 30,675 single person filers. This city neighborhood has more working age income tax filers per square mile than Milwaukee’s “North Shore” and many suburban areas. Working Age Tax Filers Per Square Mile in Target Area 2,710 Target Area Franklin 53132 Oak C reek 53154 311 405 856 "North Shore" 53217 985 Hales C orners 53130 1,071 Greendale 53129 1,543 C udahy 53110 1,720 South Milw. 53172 1,835 West Allis 53227 0 500 1,000 1,500 2,000 2,500 3,000 Income Per Square Mile Working age families and single persons living within a 3-mile radius of Chavez and National reported $1.76 billion in total adjusted gross income in 1999. The annual income of working age tax filers in the target area $75.2 million per square mile) outpaces that of many suburban areas. Income Per Square Mile: Working Age Tax Filers in Target Area $75.2 Target Area $20.3 Franklin 53132 $55.2 Hales C orners 53130 $59.6 C udahy 53110 $71.9 S. Milw. 53172 $76.4 West Allis 53227 $87.4 Greendale 53129 $117.4 "North Shore" 53217 $0 $20 $40 $60 $80 (in millions of dollars) $100 $120 Financial Leveraging New home purchases showed 1,150 new home mortgages worth $81,350,000 in 1998 in the blocks within a 3-mile radius of Chavez and National. Refinancing of mortgages brought in $66,522,000 and home repair mortgages totaled $4,664,000. Mortgage Leveraging Power Added in 1998 Within a 3-Mile Radius of the Target Area $81.3 New home mortgages $66.5 Refinanced mortgages Home repair mortgages $0 $4.7 $10 $20 $30 $40 $50 $60 (in millions of dollars) $70 $80 $90 Vehicle Ownership Registered vehicles in the target area total 77,491. The area has 3,312 vehicles per square mile. The most popular car brands are Chevrolet, Ford, Toyota and Pontiac. The most popular truck brands are Chevrolet, Ford, Dodge and Plymouth. 10% of cars and 13% of trucks are 1-3 years old. Over half (59%) of the cars are 10 or more years old. Age of Registered Vehicles in Target Area 40,000 30,000 20,000 10,000 0 1-3 yr 4-6 yr 7-8 yr Autos Trucks 10+ yr Licensed Drivers The target area has 82,368 licensed drivers – 45,786 males and 36,582 females. Half of drivers are in their twenties and thirties. Age of Licensed Drivers Within 3-Mile Radius of Target Area 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Teens 20s 30s Males 40s Females 50s 60+ Ratio of Drivers to Vehicles Records show a 1.1:1 ratio of licensed drivers (82,368) to vehicles (77,491). Registered Vehicles and Licensed Drivers Within a 3-Mile Radius of Target Area 100,000 80,000 Females 60,000 40,000 Males 20,000 0 Vehicles Drivers Data Sources: Analysis of data from the Wisconsin Department of Revenue, Wisconsin Department of Transportation, U.S. Census Bureau, Consumer Expenditure Survey, Health Care Finance Administration, U.S. Postal Service, Home Mortgage Disclosure Act, and City of Milwaukee property files. Prepared by the University of Wisconsin-Milwaukee Employment and Training Institute for the City of Milwaukee Department of City Development and the Helen Bader Foundation, July 2001. For more information, contact the Employment and Training Institute, 414227-3385, email [email protected].
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