Northfield Market Profile

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By jgunderson at 5:09 pm, Aug 24, 2009

Bruce Schwartau Phone: 507 536-6308 863 30th Ave SE bwschwar@umn.edu Rochester, MN 55904 www.extension.umn.edu/Retail

Northfield Market Area Profile, June, 2009 Results based on an analysis from multiple datasources, compiled using Business Analyst from ESRI (www.esri.com). See Data and Methodology for more details.

How large is the local retail market ? 38,899 people living in 12,647 households.

The local market area for this analysis encompasses the area 10 miles around Northfield plus the additional zip codes of Webster and Lonsdale (see figure to right).

What do we know about households in the Northfield trade area? Median Household Income Median Disposable Income Households with related children

$71,077 $53,836 39.4%

Median Net Worth Median Age Households with persons 65+

$181,855 32.9 19.0%

What do we know about housing in the Northfield trade area ? Total Housing Units (2008) Median Home Value

10,094 $250,394

Renter Occupied Units

1,948 or 19.3% of total

What types of customers live in the Northfield trade area ? Number Percent of Households Demographics Household type Median Household Income Median Home Value

Green Living 4,214 33%

Sophisticated Squires 2,720 22%

Aspiring Young Families 1,534 12%

Married couple families $65,074

Married Couple Families $86,593

Family Mix $51,805

$197,519

$268,921

$161,871

Learn more about how Extension can help your community shape its future. Visit www.extension.umn.edu/community


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