|
|
LOCAL MARKET INFORMATION
|
|
The Hispanic consumer is a critical market in Orlando
|
 |
Florida’s Hispanic population
|
|
 |
3.2 million in 2003 (up 16% from 2000). |
|
 |
By 2010 expected to grow by 25% to 4.2 million. (HYP Network estimate) |
|
|
 |
Orlando
|
|
 |
Over 340,000 living in 104,000 households in 2003 (+240% since 1990). |
|
 |
By 2010 Orlando’s Hispanic population will increase to over 490,000. (HYP Network estimate) |
|
|
|
 |
|
 |
Hispanic population in Orlando’s 4-county area (2003):
|
|
|
|
Osceola - 71,000 (34% of total) Lake - 19,000 (8% of total) |
|
Orange - 205,000 (21% of total) |
|
Seminole - 49,000 (13% of total) |
|
| Sources: U.S. Census Bureau |
|
 |
| SPANISH SPEAKING CONSUMERS |
|
 |
Hispanics are over two times more likely to live in households of 5 or more (Hispanic households of 5 or more account for 26% of total households of 5 or more). |
 |
Florida’s Hispanic median age is 10.5 years younger than White, Non-Hispanic (Orlando’s Hispanic median age is 10.3 years younger than White, Non-Hispanics). 53% of Hispanic households in Orlando include children (Only 33% of U.S. Non-Hispanic households have children). |
|
 |
|
 |
In Orlando over 260,000 consumers are Spanish speakers.
|
|
 |
15,000 speak Spanish exclusively. |
|
 |
40,000 speak primarily Spanish. |
|
 |
About 210,000 speak both Spanish and English. |
|
|
| Sources: U.S. Census Bureau |
 |
| PURCHASING POWER |
|
 |
Hispanic workers in Florida will continue to increase dramatically (+52% from 1990 to 2000); In Orlando Hispanic workers increased 160% (Hispanics account for 15% of labor force in 2000). |
 |
Hispanic consumers will be more educated and affluent. Orlando’s Hispanic school enrollment increased by 190% in 2000 compared to 10 years before. Hispanic students represent 19% of the total. |
 |
Hispanic annual buying power in Florida in 2004 was $63.7 billion and expected to grow to $90.8 billion by 2009. |
 |
In 1999 Hispanic median household income in Orlando was $41,871. |
|
 |
|
| Sources: U.S. Census Bureau; Selig Center for Economic Growth, The University of Georgia, May 2004 |
|