ANALYSIS

The Mile Square is the heart of Downtown and boasts a growing residential base and a compact business district. It is the state’s signature destination, includes premiere shopping, dining, sports and entertainment and anchors our community’s convention and hospitality business.

Average household size is 1.62 people per home within a half-mile walk from the Circle. This is lower than the city average.

Roughly 5,000 (4,852) people live in this area, therefore office workers, visitors and others are important to the health of the area, including service and retail. It is easy to drive and park near most locations as well, which means that walking past long stretches of the area, or storefronts, is not always required on a daily basis.

Finally, the half-mile area around the Circle was once a mixed-use neighborhood with a large residential component, but over time has become largely a business and events district. There are roughly 50,000 employees that provide significant support to business. However, as activity is greatest at daytime and during lunch hours, it is important to incorporate other users to increase nightlife activity.

HALF-MILE AREA DEMOGRAPHICS

STATISTICS ARE FROM 2008

Average Household Size ……………………………………
1.62
Households ………………………………………
1,150
Population ………………………………………
4,852
Population Density …………………………………….
6,177.50
Median Age ……………………………………….
32.63

HOUSEHOLDS WITH INCOMES $75,000+

Income $75,000 to $99,999 ……………………………
54 households
Income $100,000 to $124,999 …………………………
64 households
Income $125,000 to $149,999 …………………………
40 households
Income $150,000 to $199,999 …………………………
13 households
Income $200,000 to $249,999 …………………………
2 households
Income $250,000 Plus ……………………………..
24 households

EDUCATIONAL ATTAINMENT

FOR POPULATION 25+

% Associate Degree…………………………………
4.13%
% Bachelor Degree …………………………………
12.63%
% College, No Diploma …………………………..
14.71%
% Graduate or Prof. School Degree …………………..
17.62%

HOUSEHOLD INCOMES

Average Household Income …………………………
$51,010
Median Household Income …………………………
$39,182

LENGTH OF RESIDENCE

Stability (% in Current Resident Five Plus Years ……………
9.53%

BUSINESS SUMMARY 2008

Total Employees ……………………………………….
50,905
Total Establishments ………………………………………
2,706
Total Retail Expenditure……………………………………..
$21,902,943

Data Source: Demographic data © 2008 by Experience/Applied Geographic Solutions.
Note: This demographic information will likely change in the 2010 U.S. Census, but it does assist in painting a picture about the “neighborhood” of the Circle.