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The Retail Buying Power and Sales Gaps in Inner-City "New Markets"
Retail Sales versus Household Purchasing Power, 1998 Estimates, for Low- and Moderate-Income "New Market" Areas within Central Cities
|
Cities with New Market
Eligible Areas |
State |
"New Market Area"
Estimated Retail
Sales 1998
($ millions) |
"New Market Area"
Estimated
Purchasing Power 1998
($ millions) |
Gap
(Purchasing
Power minus Sales)
($ millions) |
Gap as Percentage
of Purchasing Power |
|
Scottsdale |
AZ |
$40.0 |
$60.3 |
$20.3 |
33.6% |
|
Jacksonville |
AR |
$15.0 |
$57.3 |
$42.3 |
73.8% |
|
Jonesboro |
AR |
$72.0 |
$126.9 |
$54.9 |
43.2% |
|
Texarkana |
AR |
$79.2 |
$85.0 |
$5.8 |
6.8% |
|
Davis |
CA |
$305.4 |
$472.5 |
$167.1 |
35.4% |
|
Fairfield |
CA |
$41.3 |
$103.8 |
$62.5 |
60.2% |
|
Lompoc |
CA |
$77.9 |
$153.7 |
$75.8 |
49.3% |
|
Long Beach |
CA |
$1,355.6 |
$1,467.7 |
$112.1 |
7.6% |
|
Paradise |
CA |
$256.6 |
$336.0 |
$79.4 |
23.6% |
|
Stockton |
CA |
$989.8 |
$1,120.0 |
$130.2 |
11.6% |
|
Tulare |
CA |
$168.1 |
$219.0 |
$50.9 |
23.3% |
|
"Watts" |
CA |
$779.2 |
$1,224.7 |
$445.5 |
36.4% |
|
Bridgeport |
CT |
$746.0 |
$889.7 |
$143.7 |
16.1% |
|
New Haven |
CT |
$707.9 |
$1,017.1 |
$309.2 |
30.4% |
|
Waterbury |
CT |
$460.1 |
$475.4 |
$15.3 |
3.2% |
|
Washington |
DC |
$3,894.2 |
$4,272.8 |
$378.6 |
8.9% |
|
Bradenton |
FL |
$184.6 |
$221.2 |
$36.6 |
16.5% |
|
West Palm Beach |
FL |
$301.6 |
$439.9 |
$138.3 |
31.4% |
|
Chicago |
IL |
$13,256.9 |
$15,522.6 |
$2,265.7 |
14.6% |
|
East St. Louis |
IL |
$177.1 |
$226.7 |
$49.6 |
21.9% |
|
Granite City |
IL |
$85.7 |
$141.3 |
$55.6 |
39.3% |
|
Joliet |
IL |
$152.6 |
$251.0 |
$98.4 |
39.2% |
|
North Chicago |
IL |
$53.2 |
$104.0 |
$50.8 |
48.9% |
|
Gary |
IN |
$615.7 |
$753.8 |
$138.1 |
18.3% |
|
Gloucester |
MA |
$160.4 |
$160.7 |
$0.3 |
0.2% |
|
Lowell |
MA |
$541.4 |
$597.7 |
$56.3 |
9.4% |
|
New Bedford |
MA |
$774.3 |
$816.6 |
$42.3 |
5.2% |
|
Waltham |
MA |
$144.2 |
$155.2 |
$11.0 |
7.1% |
|
Westfield |
MA |
$61.2 |
$79.2 |
$18.0 |
22.7% |
|
Yarmouth |
MA |
$210.6 |
$212.3 |
$1.7 |
0.8% |
|
Detroit |
MI |
$4,970.2 |
$5,411.1 |
$440.9 |
8.1% |
|
Flint |
MI |
$666.2 |
$805.7 |
$139.5 |
17.3% |
|
Pontiac |
MI |
$531.6 |
$544.5 |
$12.9 |
2.4% |
|
St. Charles |
MO |
$72.8 |
$77.8 |
$5.0 |
6.4% |
|
Bayonne |
NJ |
$221.2 |
$355.2 |
$134.0 |
37.7% |
|
Camden |
NJ |
$376.2 |
$499.3 |
$123.1 |
24.7% |
|
Jersey City |
NJ |
$1,646.9 |
$2,333.3 |
$686.4 |
29.4% |
|
Newark |
NJ |
$1,674.6 |
$2,332.9 |
$658.3 |
28.2% |
|
Trenton |
NJ |
$395.5 |
$665.4 |
$269.9 |
40.6% |
|
Utica |
NY |
$314.1 |
$340.2 |
$26.1 |
7.7% |
|
Lorain |
OH |
$153.6 |
$246.1 |
$92.5 |
37.6% |
|
Allentown |
PA |
$285.1 |
$307.9 |
$22.8 |
7.4% |
|
Bethlehem |
PA |
$113.6 |
$143.5 |
$29.9 |
20.8% |
|
Lancaster |
PA |
$290.5 |
$298.5 |
$8.0 |
2.7% |
|
Lebanon |
PA |
$123.1 |
$148.9 |
$25.8 |
17.3% |
|
Pawtucket |
RI |
$211.1 |
$226.6 |
$15.5 |
6.8% |
|
Baytown |
TX |
$207.2 |
$249.7 |
$42.5 |
17.0% |
|
Suffolk |
VA |
$126.3 |
$183.2 |
$56.9 |
31.1% |
Source: Tract Level Retail Sales and Income Estimates Provided by Claritas, Inc.
NOTE: "New Market Areas" are census tracts either wholly or predominantly in central cities that met the following criteria according to 1990 Census Data: tract median family income 80 percent or less of the greater of metropolitan area median family income or State median family income; OR tract poverty rate 20 percent or more. Retail gaps in new market areas located in higher-income cities are excluded from this Table but appear in Table 3. Those are cities with median household income 1.5 standard deviations or more above the overall median household income for central cities, for example Palo Alto, California and Stamford, Connecticut. Also excluded are all inner-city areas that did not have a measurable gap in 1998.
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Content Archived: January 20, 2009
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