Page 125 - Florence County, SC Florence County 2032: Connecting Our Past, Defining Our Future
P. 125

LifeMode Group: Cozy Country Living                    6F
                                             Heartland Communities




                                             Households: 2,864,000
                                                                                       Percent of
                                             Average Household Size: 2.38       Pottawatomie County
                                             Median Age: 41.5                         Households
                                                                                        8.6%
                                             Median Household Income: $39,000



                    WHO ARE WE?                      OUR NEIGHBORHOOD       SOCIOECONOMIC TRAITS
                    Well settled and close-knit, Heartland Communities are   •  Rural communities or small towns  •  Retirees in this market depress the average labor
                    semirural and semiretired. These older householders are     are concentrated in the Midwest,    force participation rate to less than 60% (Index 95),
                    primarily homeowners, and many have paid off their     from older Rustbelt cities to    but the unemployment rate is comparable to the US.
                    mortgages. Their children have moved away, but they have     the Great Plains.  •  More workers are white collar than blue collar;
                    no plans to leave their homes. Their hearts are with the   •  Distribution of household types is    more skilled than unskilled.
                    country; they embrace the slower pace of life here but     comparable to the US, primarily (but
                    actively participate in outdoor activities and community     not the majority) married couples,    •  The rural economy of this market provides
                    events. Traditional and patriotic, these residents support     more with no children, and a    employment in the manufacturing, construction,
                    their local businesses, always buy American, and favor     slightly higher proportion of singles    and agriculture industries.
                    domestic driving vacations over foreign plane trips.    (Index 112) that refl ects the aging  •  These are budget savvy consumers; they stick to
                                                       of the population.     brands they grew up with and know the price of
                                                                              goods they purchase. Buying American is important.
                                                     •  Residents own modest,
                                                       single-family homes built  •  Daily life is busy, but routine. Working on the
                                                       before 1970.           weekends is not uncommon.
                                                     •  They own one or two vehicles;  •  Residents trust TV and newspapers more than
                                                       commutes are short (Index 95).     any other media.
                             TAPESTRY    TM                                 •  Skeptical about their fi nancial future, they stick
                                                                              to community banks and low-risk investments.
                             SEGMENTATION
                              esri.com/tapestry                             Note: The Index represents the ratio of the segment rate to the US rate multiplied by 100.
                                                                                  Consumer preferences are estimated from data by GfK MRI.

                                             LifeMode Group: Middle Ground                          8C
                                             Bright Young Professionals



                                             Households: 2,613,000
                                                                                       Percent of
                                             Average Household Size: 2.40       Pottawatomie County
                                             Median Age: 32.2                         Households
                                             Median Household Income: $50,000           6.4%




                    WHO ARE WE?                      OUR NEIGHBORHOOD           SOCIOECONOMIC TRAITS
                    Bright Young Professionals is a large market, primarily   •  Approximately 56% of the households rent;    •  Education completed: 36% with some
                    located in urban outskirts of large metropolitan areas.     44% own their homes.    college or an associate’s degree, 30% with
                    These communities are home to young, educated, working   •  Household type is primarily couples,       a bachelor’s degree or higher. Education
                    professionals. One out of three householders is under    married (or unmarried), with above    in progress is 10% (Index 127).
                    the age of 35. Slightly more diverse couples dominate    average concentrations of both  •  Unemployment rate is lower at 7.1%,
                    this market, with more renters than homeowners. More    single-parent  (Index 125) and    and labor force participation rate of 73%
                    than two-fi fths of the households live in single-family     single-person (Index 115) households.    is higher than the US rate.
                    homes; over a third live in 5+ unit buildings. Labor force
                    participation is high, generally white-collar work, with a  •  Multiunit buildings or row housing  •  These consumers are up on the
                    mix of food service and part-time jobs (among the college     make up 55% of the housing stock (row      latest technology.
                    students). Median household income, median home value,     housing (Index 182), buildings with  •  They get most of their information from
                    and average rent are close to the US values. Residents    5–19 units (Index 277)); 44% built 1980–99.     the Internet.
                    of this segment are physically active and up on the  •  Average rent is slightly higher than  •  Concern about the environment,
                    latest technology.                 the US (Index 102).        impacts their purchasing decisions.
                                                     •  Lower vacancy rate is at 8.9%.
                             TAPESTRY    TM
                             SEGMENTATION
                              esri.com/tapestry                                 Note: The Index represents the ratio of the segment rate to the US rate multiplied by 100.
                                                                                      Consumer preferences are estimated from data by GfK MRI.
           118  |  Plan Pottawatomie County 2040                                        Adopted - August 19, 2019
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