WWD.com/fashion-news/fashion-features/states-of-wealth-741106/
government-trade
government-trade

States of Wealth

The 10 richest states and other salient facts. <br><br>For retailers,the importance of demographics cannot be overstated.Here,a list of the 10 richeststates in terms of average median household...

The 10 richest states and other salient facts.

For retailers,the importance of demographics cannot be overstated.Here,a list of the 10 richeststates in terms of average median household income.(The U.S.average was $41,789 in 1998-2000.)In addition,data on age,family and education can further help retailers home in on theirtarget customer.For ethnic marketers,the percentage of state residents of Latino or Hispanic origin—the fastest growing segment of the population —will come in handy.But opening a store in one ofthe nation ’s 10 wealthiest states doesn ’t automatically guarantee long lines of luxury shoppers.TakeAlaska:the state is sparsely populated,and men outnumber women.

1

Maryland

MEDIAN HOUSEHOLD INCOME 1998-2000:$52,846

Retail Sales per Capita 1997:$9,116 ;Persons per Square Mile 2000:541.9 ;Median Age:36 ;Average Family Size:3.13 ;College Graduates,25 Years and Older:826,164 ;Female Persons,2000:51.7%;Persons of Latino or Hispanic Origin 2000:4.3%

2

Alaska

MEDIAN HOUSEHOLD INCOME 1998-2000:$52,492

Retail Sales per Capita 1997:$10,286;Persons per Square Mile 2000:1.1 ;Median Age:32.4 ;Average Family Size:3.28 ;College Graduates,25 Years and Older:74,497 ;Female Persons,2000:48.3%;Persons of Latino or Hispanic Origin 2000:4.1%

3

New Jersey

MEDIAN HOUSEHOLD INCOME 1998-2000:$51,739

Retail Sales per Capita 1997:$9,922;Persons per Square Mile 2000:1,134.5 ;Median Age:36.7 ;Average Family Size:3.21 ;College Graduates,25 Years and Older:1,284,017 ;Female Persons,2000:51.5%;Persons of Latino or Hispanic Origin 2000:13.3%

4

Connecticut

MEDIAN HOUSEHOLD INCOME 1998-2000:$50,647

Retail Sales per Capita 1997:$10,690 ;Persons per Square Mile 2000:702.9 ;Median Age:37.4 ;Average Family Size:3.08 ;College Graduates,25 Years and Older:597,693 ;Female Persons,2000:51.6%;Persons of Latino or Hispanic Origin 2000:9.4%

5

Minnesota

MEDIAN HOUSEHOLD INCOME 1998-2000:$50,088

Retail Sales per Capita 1997:$10,260 ;Persons per Square Mile 2000:61.8 ;Median Age:35.4 ;Average Family Size:3.09 ;College Graduates,25 Years and Older:604,584 ;Female Persons,2000:50.5%;Persons of Latino or Hispanic Origin 2000:2.9%

6

Colorado

MEDIAN HOUSEHOLD INCOME 1998-2000:$49,216

Retail Sales per Capita 1997:$10,417 ;Persons per Square Mile 2000:41.5 ;Median Age:34.3 ;Average Family Size:3.09 ;College Graduates,25 Years and Older:568,256 ;Female Persons,2000:49.6%;Persons of Latino or Hispanic Origin 2000:17.1%

7

New Hampshire

MEDIAN HOUSEHOLD INCOME 1998-2000:$48,029

Retail Sales per Capita 1997:$13,344 ;Persons per Square Mile 2000:137.8 ;Median Age:37.1 ;Average Family Size:3.03 ;College Graduates,25 Years and Older:173,941 ;Female Persons,2000:50.8%;Persons of Latino or Hispanic Origin 2000:1.7%

8

Virginia

MEDIAN HOUSEHOLD INCOME 1998-2000:$47,701

Retail Sales per Capita 1997:$9,293 ;Persons per Square Mile 2000:178.8 ;Median Age:35.7 ;Average Family Size:3.04 ;College Graduates,25 Years and Older:972,894 ;Female Persons,2000:51%;Persons of Latino or Hispanic Origin 2000:4.7%

9

Delaware

MEDIAN HOUSEHOLD INCOME 1998-2000:$47,438

Retail Sales per Capita 1997:$11,206 ;Persons per Square Mile 2000:401 ;Median Age:36 ;Average Family Size:3.04 ;College Graduates,25 Years and Older:91,722 ;Female Persons,2000:51.4%;Persons of Latino or Hispanic Origin 2000:4.8%

10

Illinois

MEDIAN HOUSEHOLD INCOME 1998-2000:$46,649

Retail Sales per Capita 1997:$8,992 ;Persons per Square Mile 2000:223.4 ;Median Age:34.7 ;Average Family Size:3.23 ;College Graduates,25 Years and Older:1,534,996 ;Female Persons,2000:51%;Persons of Latino or Hispanic Origin 2000:12.3%

SOURCE:2000 U.S.CENSUS BUREAU REPORTS,STATE AND COUNTY QUICKFACTS AND QUICK TABLES;PUBLISHED AUG.8,2002