Esri Demographics

What's New in Esri Demographics (June 2019)

In the June release for ArcGIS Online, updates to demographic data for several countries are planned.

The following countries will be updated from 2016 to 2018 demographic data from Michael Bauer Research:

In addition, Esri is releasing its 2019/2024 U.S. demographic data which includes updates to the following datasets:

Historical Time Series

Generally speaking, geography changes and methodology improvements make comparing data from one year to the next a tricky business. New with this release, Esri’s vintage-based time series enables users to see an apples-to-apples comparison of population, household, and housing unit change over time. Standardizing multiple years of data on a single vintage base, results in a true understanding of growth, or decline, in an area. With the historical time series from Esri, you can see how things are changing on an annual basis from 2010 through 2019.

Wealth Index

Esri’s Wealth Index is compiled from a number of indicators of affluence including average household income and average net worth. The concept of wealth is defined by more than just above-average household income. Wealth also includes the value of material possessions and resources. Esri captures both income and the accumulation of substantial wealth, or the abundance of possessions and resources in its identification of the wealthiest areas in the country. The index represents the wealth of the area relative to the national level. Values exceeding 100 represent above-average wealth.​

Housing Affordability

Housing Affordability is the financial ability to purchase a home and is largely driven by the gap between household income and home value. Housing affordability has wide ranging effects including influencing migration patterns and affecting the ability of renters to become home owners.​

Esri’s housing affordability index quantifies the ability of a typical resident to purchase an existing home in an area. The model employs a national average effective mortgage rate from the Federal Housing Finance Agency, an interest rate of 4.55 percent, and a 30-year mortgage is assumed with a down payment of 20 percent of the home price. Regional property tax rates are determined from the latest American Community Survey and Esri’s model follows the Federal Housing Administration’s guidelines for debt service ratios.

Life-stage and Age Dependency Ratios

The Age Dependency ratios measure the ratio of children and seniors, to the working age population and are available for 2019 and 2024. Children are defined as population aged 0-17. Seniors are defined as population aged 65 and over. The working age population is defined as population aged 18-64.

Expanded Net Worth

Esri has developed new methods to trend high net worth ranges. As a result, more detail is available when analyzing households by net worth.

Consumer Spending

Esri’s five-year forecast of Consumer Spending provides a glimpse of future spending for consumer products and services five years out. The data can be viewed in a new report called Retail Demand Outlook.

About the author

Lucy Guerra has over 20 years of experience as a product manager, working with organizations to understand their business challenges and shaping products to address those challenges. She focuses on enhancing the user experience with quality data, and leads a team focused on bringing to market, and driving awareness of, Esri's data and location services.

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