The Affluent Market Michigan
BLUE is specifically targeted to consumers who enjoy a lifestyle
afforded by waterfront living with household incomes of $100,000
or greater. On the whole, consumers in this income bracket represent
less than 20 percent of U.S. households but account for over
42 percent of U.S. household spending. The latest U.S. Consumer
Expenditure Survey illustrates the purchasing power of these
consumers in contrast to those earning under $100,000 in household
income.
| |
Less
than $100,000 |
$100,000
or more |
Index |
| Avg. HH Income |
$42,167 |
$164,452 |
3.90 |
| Avg. Home Value |
$135,866 |
$433,337 |
3.19 |
| Attended College |
54% |
84% |
1.55 |
| Total Annual Expenditures |
$38,463 |
$100,386 |
2.61 |
| Average Annual Expenditures Food at Home |
$3,041 |
$5,269 |
1.73 |
| Average Annual Expenditures Food Away
From Home |
$2,180 |
$5,278 |
2.42 |
| Average Annual Expenditures Alcoholic
Beverages |
$385 |
$1,059 |
2.75 |
| Average Annual Expenditures Housing |
$13,362 |
$32,157 |
2.40 |
| Average Annual Expenditures Home Furnishings & Equipment |
$1,268 |
$3,990 |
3.14 |
| Average Annual Expenditures New & Used
Vehicles |
$2,610 |
$7,706 |
2.95 |
| Average Annual Expenditures Health Care |
$2,486 |
$4,244 |
1.70 |
| Average Annual Expenditures Concerts,
Events, Theatre |
$381 |
$1,796 |
4.71 |
| Average Annual Expenditures Personal Care
Products/Services |
$483 |
$1,107 |
2.29 |
| Average Annual Expenditures Personal Insurance/Pensions |
$3,436 |
$14,956 |
4.35 |
Source: 2006 U.S. Bureau of Labor Statistics,
Consumer Expenditure Survey Consumers with household income of
$100,000-plus outearn their counterparts by a 4-to-1 margin and
outspend them by a nearly 3-to-1 margin.
| Comparative
Data on Household Income |
Households
with Income $100,000+ |
Ave.
HH Income of $100,000 + Households |
| U.S. Consumer Expenditure survey (2006) |
16% |
$164,452 |
| Mendelsohn Affluent survey (2008) |
19% |
$195,600 |
| Grand Rapids Magazine (2006) |
50% |
$212,300 |
| Michigan BLUE CVC Audit (2008) |
58% |
$228,400* |
|