|
|
LOCAL MARKET INFORMATION
|
|
The Hispanic consumer is a critical market in Houston
|
 |
Texas’ Hispanic population
|
|
 |
Over 7.5 million in 2003 (up 12% from 2000) |
|
 |
By 2010 expected to grow by 25% to nearly 9.5 million. (HYP Network estimate) |
|
|
 |
Houston
|
|
 |
Over 1.45 million living in 377,000 households in 2003 (+106% since 1990) |
|
 |
By 2010 Harris County’s Hispanic population will increase to almost 1.7 million (HYP Network estimate) |
|
|
|
 |
|
 |
Hispanic population in Houston’s 6-county area (2003):
|
|
|
 |
Harris - 1,295,000 (36% of total) Fort Bend - 91,000 (22% of total) |
 |
Montgomery - 50,000 (15% of total) Chambers, Liberty, Waller - 20,000 |
|
| Sources: U.S. Census Bureau |
|
 |
| SPANISH SPEAKING CONSUMERS |
|
 |
Hispanics are over three times more likely to live in households of 5 or more |
 |
Texas’ Hispanic median age is 12.6 years younger than White, Non-Hispanic (Houston’s Hispanic median age is 13.0 years younger than White, Non-Hispanics). 62% of Hispanic households in Harris County include children (Only 36% of U.S. Non-Hispanic households have children) |
|
 |
|
 |
In Houston over 970,000 consumers are Spanish speakers
|
|
 |
125,000 speak Spanish exclusively |
|
 |
205,000 speak primarily Spanish |
|
 |
About 640,000 speak both Spanish and English |
|
|
| Sources: U.S. Census Bureau |
 |
| PURCHASING POWER |
|
 |
Hispanic workers in Texas will continue to increase dramatically (+47% from 1990 to 2000); In Harris County’s increase was 55% (Hispanics account for 28% of labor force in 2000). |
 |
Hispanic consumers will be more educated and affluent. Harris County’s Hispanic school enrollment increased by 65% in 2000 compared to 10 years before. Hispanic students represent 36% of the total. |
 |
Hispanic annual buying power in Texas in 2004 was $119.3 billion and expected to grow to $175.5 billion by 2009 (Houston: 25% = $43.8 billion) (Estimate based on Dallas population and income level) |
 |
In 1999 Hispanic median household income in Harris County was $32,051. |
|
 |
|
| Sources: U.S. Census Bureau; Selig Center for Economic Growth, The University of Georgia, May 2004 |
|