Downtown Melting Pot

LifeMode Group: Middle Ground
Downtown Melting Pot
8D
Households: 785,000
Average Household Size: 2.89
Median Age: 37.0
Median Household Income: $44,000
WHO ARE WE?
OUR NEIGHBORHOOD
SOCIOECONOMIC TRAITS
Downtown Melting Pot is a smaller, diverse, settled market,
composed of much older neighborhoods located in cities
in the Middle Atlantic division (mainly New York) or on the
Pacific Coast. A mix of races and ethnicities, with strong
concentrations of Asians, particularly Chinese (highest
concentration of any segment) reside here. Close to half of
the residents are foreign born, and 30% of households have
members who do not speak English. These neighborhoods
are dominated by married-couple families who live in rented
apartments. Residents are employed in professional, service
(especially food and personal service), sales, and administrative
occupations; many work outside the county where they
live. Unemployment is higher; median household income
and net worth are below average, although the home
values in these neighborhoods are high.
• This is the most densely populated market,
located in older neighborhoods of metropolitan
cities, primarily in the Middle Atlantic division.
• 47% with some college (Index 68) or a
bachelor’s degree or higher (Index 98).
TAPESTRY
• Over three-fourths of homes are in multiunit
structures: 2–4 unit (Index 411), 5–19 unit
(Index 159), or 20+ unit buildings (Index 373).
• About 68% of households are rented—in
neighborhoods where many of the owner-occupied
units are valued at $500,000+ (Index 566).
• Vacancy rate is low at 7.6%.
• Families are the dominant household type:
married-couple families with children (24%)
and without (24%); above average shares of
multigenerational households and adult children.
TM
SEGMENTATION
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• There are older apartment buildings;
almost half of households built before 1950.
• Households are as likely to own 1 vehicle (39%)
as no vehicle (Index 431).
• Unemployment rate at 10.1%,
higher than the US rate.
• Labor force participation rate at 59.3%,
slightly lower than the US.
• Wage and salary income for 75% of
households; another notable source is
Supplemental Security Income for 8%
(Index 180).
• Busy consumers, often feeling
overwhelmed, with longer work commutes.
• Careful shoppers, who use coupons,
demonstrating little brand loyalty.
• Get news and information from various
forms of media (newspapers, TV,
and Internet).
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.
8D
LifeMode Group: Middle Ground
TAPESTRY
Downtown Melting Pot
SEGMENTATION
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AGE BY SEX (Esri data)
RACE AND ETHNICITY (Esri data)
INCOME AND NET WORTH
Median Age: 37.0 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: 77.3 US: 62.1
Hispanic*
Median Household Income
20.4%
Multiple
3.8%
Other
9.4%
Asian and
Pac. Island
American
Indian
$44,000
4%
0
Male
4%
$60k
$90k
$120k+
$300k
$400k+
$20,000
45.4%
0
8%
Female
$30k
Median Net Worth
4.7%
White
8%
0
0.5%
Black
US Median $51,000
0
36.3%
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.
95
Housing
$70,000
Management
Median Earnings
90
Food
64
Apparel & Services
80
Transportation
77
Health Care
Entertainment &
Recreation
86
109
Education
Pensions &
Social Security
82
0
50
Office and
Administrative Support
Transportation and
Material Moving
$30,000
Sales and Related
$10,000
85
Other
$50,000
Food Preparation and
Serving Related
0
100
150
200
250
300
350
20,000
60,000
100,000
Workers ( Age 16+)
140,000
180,000
8D
LifeMode Group: Middle Ground
TAPESTRY
Downtown Melting Pot
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.
• Prefer newer model vehicles.
• Carry debt from credit card balances rather than loans or mortgages;
lack of investments in stocks and retirement plans.
• Avid about recycling and buying lottery tickets.
• Use the Internet for entertainment and social media, some visit online dating websites.
• Enjoy dancing, gambling at casinos, eating out at their favorite family restaurants,
playing sports (such as volleyball, baseball, soccer, and bowling), and listening to
sports on the radio.
Own
31.7%
• Try to buy low-calorie or low-fat food but enjoy pizza delivery and
occasional fast-food stops.
Typical Housing:
• A favorite kitchen appliance: Espresso/Cappuccino maker.
High-Density Apartments
• Make phone calls overseas; some foreign travel over the last 3 years.
Average Rent:
Home
Ownership
US Percentage:
63.6% Own
36.4% Rent
Rent
68.3%
$1,210
US Average: $990
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
2,302,000
-0.5%
Population Growth (Annual %)
Wealth Index
3.0%
0
0.5%
0
Population
350
64
101
350
Socioeconomic Status Index
Density (Persons per sq. mile)
25,000
0
1000
24,811
44
Housing Affordability Index
350
8D
LifeMode Group: Middle Ground
TAPESTRY
Downtown Melting Pot
SEGMENTATION
esri.com/tapestry
SEGMENT DENSITY
This map illustrates the density and
distribution of the Downtown Melting Pot
Tapestry Segment by households.
High
Low
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