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LOCAL MARKET INFORMATION
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The Hispanic consumer is a critical market in the Washington D.C. Metropolitan Area
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710,496 residents, or 190,000 households |
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5.27% of the Washington Metropolitan Area population |
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Includes District of Columbia (53,289), Maryland (262,351) and Virginia (394,856)* |
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Washington DC Metropolitan Area Hispanic Population
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By 2010 expected to grow by 33.3% to nearly 947,500 (HYP Network estimate) |
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By 2010 District of Columbia population will increase to 72,500, Virginia's 537,800 and Maryland's 337,200 (HYP estimate) |
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By 2010 Prince William County population will increase to 64,400, Fairfax County's 216,200, Montgomery's 175,000 and Arlington County 50,900. (HYP estimate)
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| *2003, 2004 Estimates |
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| SPANISH SPEAKING CONSUMERS |
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Hispanics are over three times as likely to live in households of 5 or more (Hispanic households of 5 or more account for 17% of total households of 5 or more). |
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Washington’s Hispanic median age is 10.4 years younger than White, Non-Hispanics. 57% of Hispanic households in Washington DC include children (Only 35% of U.S. Non-Hispanic households have children). |
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In the Washington DC metro area nearly 400,000 consumers are spanish speakers
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34% speak spanish exclusively or primarily = 130,000 |
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66% speak both spanish and english. = 262,000 |
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| Sources: U.S. Census Bureau |
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| PURCHASING POWER |
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Hispanic workers in Northern Virginia will continue to increase dramatically (+79% from 1990 to 2000); In Washington DC Hispanic workers increased 62% (8% of labor force in 2000). |
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The Washington Metropolitan Area is home to the wealthiest Hispanic market in the country with an average household income in excess of $51,000.00 (In 60 of the 84 Maryland zip codes). Washington DC’s Hispanic school enrollment increased by 94% in 2000 compared to 10 years before. |
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$ 8 Billion in local Hispanic purchasing power (up 87% since 1990).
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District of Columbia $1.2 billion and expected to grow to $1.6 billion by 2009. |
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Maryland: $5.9 billion, expected to grow to $8.5 billion by 2009. |
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Virginia: $8.4 billion, expected to grow to $12.6 billion by 2009. |
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| Sources: U.S. Census Bureau; Selig Center for Economic Growth, The University of Georgia, May 2004 |
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