Kids declining, incomes rising in San Fran
By Janice Chamberlain -- Kids Today, 4/1/2006
San Francisco— The city where Tony Bennett left his heart is known for its steep hills, picturesque cable cars and a massive earthquake that leveled the city a century ago.
Rising out of the 1906 rubble is a city that's a mecca of diversity. According to statisticians at New York-based Easy Analytic Software, or EASI, 44% of San Fran's households belong to a minority group. Asian households represent 19% of total households; black, 10%; and Hispanic, 17%. The Asian population in San Francisco represents the sixth-largest concentration of this group among the more than 900 U.S. metropolitan areas.
By 2010, EASI expects this diversity will be even greater. They project Asian households will grow by 9%, Hispanic will jump by 20% and black will increase 7%. White households are expected to decrease 3%.
From 2005 to 2010, EASI statisticians project a 6% decline in the number of children 5 years old and under in San Francisco, compared with growth of 1.2% nationwide. While the number of children in San Francisco may be projected to decline over the next five years, the increase in household income means more dollars should be available to devote to them.
The greater San Francisco area may be fertile ground for childrens' products, with the median household income in 2005 nearly $19,000 above the national average, putting it in sixth place nationwide. EASI statisticians expect San Francisco income to rise 38% by 2010.
San Francisco is also the land of large incomes, ranking fifth in the nation in the number of households with incomes of $150,000 or more.
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