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Booming Population & Housing Market

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Booming Population & Housing Market Booming Population & Among the nation’s top sporting cities Housing Market Sporting News, October 4, 2011 Top 10 Strongest Housing Markets Source: Builder Magazine 2011, U.S. Metros A TOP 10 BEST PLACE TO LIVE 2011 Housing 2011 Housing Rank Metro Permit Projections Permits Per Capita “In addition to downtown 1 Houston, TX 19,613 3.224 Making Retail Success Simple 2 Austin, TX 5,537 3.028 business development, the city 3 Oklahoma City, OK 3,417 2.751 has experienced a renovation 4 Richmond, Va 2,542 2.023 of convention, cultural and 5 Virginia Beach, Va 3,246 1.920 6 San Antonio, TX 4,126 1.889 educational sites.” 7 Washington D.C. 10,548 1.885 Relocate America, August 2011 8 Jacksonville, Fla 2,284 1.700 9 Denver, Co 3,801 1.455 10 Minneapolis, Minn 4,511 1.356 3RD BEST METRO AREA FOR RECENT GRADS “A TOP 20 BOOM TOWN” “Oklahoma City’s superior Based on its past, present, and expected future job growth, economy and outstanding and growth in educated migration and population. “ New Geography, July 2011 quality of life as well as first- class housing, employment Oklahoma City 23% Denver 18% and affordability make it one Population Seattle 16% of the best cities for recent Phoenix 15% college grads.” Change Boston 9% Newsweek, June 2011) 2000-2016 San Francisco 7% Dallas 6% One of the nation’s OKC Growth Rate -6% Memphis Growth Rate fittest cities Men’s Fitness Magazine, March 2012 OKC Metro Population 1,267,902 2000-2011 1,095,421 Source: ESRI Business Analyst Online, 2012 Population Total Households 495,560 429,743 Households GREATER OKLAHOMA CITY CHAMBER 123 Park Avenue | Oklahoma City, OK 73102 with income of 134,212 70,960 $75,000> Cynthia Reid | (405) 297-8942 | [email protected] www.okcchamber.com/retail 2010 2000 Healthy Retail Market Income Growth Economic Vitality 2012 Average Net Worth Best large city for job creation Oklahoma was one of only six states to have gained Source: ESRI Business Analyst Online Gallup, March 2012 retail jobs since the end of 2006. Oklahoma City $341,730 The Business Journals, December 2011 Denver $340,116 Tampa $332,601 OKC Vs. Tulsa Statistics Source: ESRI Business Analyst Online 2012, Bureau of Labor Statistics, Phoenix $327,311 2012, University of Oklahoma Origins Database 2012 OKC Retail Sales Growth 2000-2011 Metropolitan Statistical Area Incorporated Area Boston $320,905 Source: City of Oklahoma City 2012 2011 Population 2011 Population 1,267,902 587,086 6 390,995 Chicago $298,383 34.4% 943,415 50.2% 2011 Population Density (People/Square Mile) Population Growth Rate Since 2000 Memphis $282,157 228 15.97% 52.0% 150 16.4% -.45% Population Growth Rate Since 2000 Population Growth Rate to 2016 15.75% 5.88% 6.0% 9.76% 4.1% 1.75% 2012 Disposable Income Population Growth Rate to 2016 Ann. Retail Sales Growth Rate Since 2000 4th highest per 6.05% 43.32% Source: ESRI Business Analyst Online 2.7% 3.32% 23.4% 20.14% 5 % OKC Outpaces Tulsa Outpaces % OKC Total Personal income 2011 (thousands) Tulsa Outpaces % OKC Avg. HH Inc. Growth Rate Since 2000 Oklahoma City capita income* $31,559,349 29.62% $ Billions 7.2% Bureau of Economic Analysis, 34.8% $23,408,956 22.42% February 2012 2011 Annual Workforce 2011 Average Annual Workforce Chicago *large metro areas from 1999-2009 567,100 254,268 37.4% 412,842 37.7% 184,678 2011 Average Empoyment Rate 2011 Average Employment Rate New Orleans 94.52% 94.51% .07% 1.1% 93.44% 93.78% 4 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Milwaukee Oklahoma City Tulsa Boston 80% of Oklahoma City Commuters have a less than 3rd best city for overall economy San Francisco Wallstreet Journal Market Watch, December 2011 30 minute drive from home to work. Net Average Disposable Income The Business Journals, January 2012 -$60,000 -$40,000 -$20,000 $0 $20,000 $40,000 $60,000 Adjusted Income Oklahoma City 3.7% 2012 Metro Area Job Growth 2010-2011 Austin 3.2% 2012 Household Income Source: U.S. Bureau of Labor Statistics, 2012 Seattle 2.7% Source: ESRI Business Analyst Online, 2012, U.S. Cities Oklahoma City 5.84% Retail Job Houston 2.6% OKC Growth Rate San Antonio 2.5% Boston $55,865 $23,385 Growth Rate Dallas 5.11% Growth Denver 2.0% Source: U.S. Bureau of Labor Denver $55,087 $17,060 Dallas 1.8% Statistics 2012 Tulsa 1.26% Tampa 1.7% Chicago $54,175 $13,374 Jacksonville 1.4% Denver -1.18% Nashville 1.2% Oklahoma City $46,517 $20,816 Phoenix 1.0% Boston -2.93% 2nd highest Memphis $45,285 $19,521 Nation’s lowest Chicago .5% Charlotte .4% OKC Growth Rate retail job growth Milwaukee $40,875 $15,865 Chicago -6.97% unemployment Memphis -.4% 2000 Growth Rate Tulsa -1.7% in the U.S.* New Orleans $43,176 $12,567 2000-2016 Seattle -7.00% rate 2011* San Francisco -1.9% The Business Journals, Bureau of Labor Statistics, 2011 December 2011 *among metro populations > 1M *Over 5 year period based on 10th highest income growth*Forbes, June 2011 metro areas> 1M. *large metro areas from 2005-2012.
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