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LifeMode Group: Upscale Avenues Enterprising Professionals 2D Households: 1,627,000 Average Household Size: 2.46 Median Age: 34.8 Median Household Income: $77,000 WHO ARE WE? OUR NEIGHBORHOOD SOCIOECONOMIC TRAITS Enterprising Professionals residents are well educated and climbing the ladder in STEM (science, technology, engineering, and mathematics) occupations. They change jobs often and therefore choose to live in condos, town homes, or apartments; many still rent their homes. The market is fast-growing, located in lower density neighborhoods of large metro areas. Enterprising Professionals residents are diverse, with Asians making up over one-fifth of the population. This young market makes over one and a half times more income than the US median, supplementing their income with high-risk investments. At home, they enjoy the Internet and TV on high-speed connections with premier channels and services. • Almost half of households are married couples, and 30% are single person households. • Median household income one and a half times that of the US. • Housing is a mixture of suburban single-family homes, row homes, and larger multiunit structures. • Over half hold a bachelor’s degree or higher. • Close to three quarters of the homes were built after 1980; 22% are newer, built after 2000. • Renters make up nearly half of all households. • Early adopters of new technology in hopes of impressing peers with new gadgets. • Enjoy talking about and giving advice on technology. • Half have smartphones and use them for news, accessing search engines, and maps. • Work long hours in front of a computer. • Strive to stay youthful and healthy, eat organic and natural foods, run and do yoga. • Buy name brands and trendy clothes online. TAPESTRY 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. 2D LifeMode Group: Upscale Avenues TAPESTRY Enterprising Professionals SEGMENTATION esri.com/tapestry AGE BY SEX (Esri data) RACE AND ETHNICITY (Esri data) INCOME AND NET WORTH Median Age: 34.8 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: 71.2 US: 62.1 Hispanic* Median Household Income 14.5% Multiple 4.5% Other 5.2% Asian and Pac. Island American Indian $77,000 0 20.8% 12.0% 4% 0 Male 4% $90k $120k+ $300k $400k+ 57.1% 0 8% Female $60k $78,000 White 8% $30k Median Net Worth 0.5% Black 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. 139 Housing $100,000 Median Earnings 135 Food 94 Apparel & Services 134 Transportation 123 Health Care Entertainment & Recreation 138 Education 140 Pensions & Social Security 142 131 Other 0 50 100 Computer and Mathematical $80,000 Business and Financial Operations $60,000 $40,000 200 250 300 350 Office and Administrative Support Sales and Related $20,000 0 150 Management 50,000 150,000 Workers (Age 16+) 250,000 350,000 2D LifeMode Group: Upscale Avenues TAPESTRY Enterprising Professionals 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. • Buy digital books for tablet reading, along with magazines and newspapers. • Frequent the dry cleaner. • Go on business trips, a major part of work. • Watch movies and TV with video-on-demand and HDTV over a high-speed connection. • Convenience is key—shop at Amazon.com and pick up drugs at the Target pharmacy. • Eat out at The Cheesecake Factory and Chick-fil-A; drop by Starbucks for coffee. • Leisure activities include gambling, trips to museums and the beach. Own • Have health insurance and a 401(k) through work. 52.3% Typical Housing: Home Ownership US Percentage: 63.6% Own 36.4% Rent Rent 47.7% Multiunits; Single Family Median Value: $295,000 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 4,031,000 -0.5% Population Growth (Annual %) Wealth Index 3.0% 0 0.9% 0 Population 350 117 141 350 Socioeconomic Status Index Density (Persons per sq. mile) 1000 1,345 25,000 0 135 Housing Affordability Index 350 2D LifeMode Group: Upscale Avenues TAPESTRY Enterprising Professionals SEGMENTATION esri.com/tapestry SEGMENT DENSITY This map illustrates the density and distribution of the Enterprising Professionals 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