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J Adeel Ahmed Phone: 320 203 6109 <br /> UNIVERSITY OF MINNESOTA 3400 1st N ahme0004Ca)umn.edu <br /> INIUZEIEIN St Cloud, MN 56303 www.extension.umn.edu/Retail <br /> At A Glance: Paynesville Customer <br /> T''''. 4, Trade Area Analysis, <br /> October 2007 <br /> Results based on an analysis using Business Analyst <br /> from ESRI(www.esri.com) <br /> How large is the local retail market ? <br /> The local trade area includes the zip code of 56362 °. <br /> 6297 people living in 2432 households,whose retail <br /> purchases account for$53 million. .�. . <br /> Seasonal Housing: 327 housing units A i <br /> 62%or 1,527 households live within 3 miles of the city <br /> center of Paynesville. <br /> „1 � 1 - <br /> • <br /> What do we know about households in the Paynesville trade area? <br /> Median Household Income $49,769 Median Net Worth $115,019 <br /> Median Disposable Income $38,108 Median Age 39.9 <br /> Households with related 34.4% Households with persons 29.7% <br /> children(under 18 65+ <br /> population) <br /> What do we know about housing in the Paynesville trade area ? <br /> Seasonal housing 327 or 11.6%of total Renter Occupied Units 370 or 13.2%of total <br /> Median home value $149,228 <br /> What types of customers live in the Paynesville trade area ? <br /> Green Acres Rustbelt Retirees Salt of the Earth Prairie Living <br /> Number 714 816 360 526 <br /> Percent of 29.6% 33.8% 14.9% 21.8% <br /> Households <br /> Demographics <br /> Median Age 39.9 years 43.8 years 40.4 years 40.5 years <br /> Median Household $62,300 $47,400 $48,800 $41,000 <br /> Income <br /> Median Home Value $179,700 $118,500 $122,300 $96,300 <br /> Learn more about how Extension can help your community shape its future. <br /> Visit www.extension.umn.edu/community <br />