Daring Firsts: Dover, Del.
Janice Chamberlain -- Casual Living, July 14, 2006
Dover, capital of The First State, earned its nickname after Delaware became the first of the original 13 colonies to ratify the U.S. Constitution on Dec. 7, 1787.
Now, Dover remains a leading metro area which offers a variety of activities for its residents, including tax-free shopping, visiting the Sewell C. Biggs Museum of Modern Art, attending the Ballet Theatre of Dover, watching NASCAR events at the Dover International Speedway or listening to a performance of the Dover Symphony Orchestra.
If you live in Dover and shopping is your bent, there's a good chance you'll be seeking casual living products, according to New York-based Easy Analytic Software Inc. EASI projects spending on casual products will soar over the next few years.
Estimated spending on outdoor furniture in Dover is anticipated to be $1.5 million in 2010, a 28% increase over 2005, with grills gaining 26% to $1.9 million. Both categories exceed nationwide growth rate estimates of 23% and 21% growth, respectively.
EASI ranks Dover in the top 10% of more than 900 metro areas for its anticipated population growth between 2005 and 2010, projected at 9.2%. During the same time period, EASI projects the national population will increase by 4.9%. Dover citizens are expected to have the financial wherewithal to increase spending on casual products. EASI ranks Dover's 2005 median household income of $43,887 in the upper one-third of the nation's 934 metro areas.
Dover's household income balance also is expected to shift substantially over the next five years. In 2005, those with a median annual household income under $25,000 accounted for one-quarter of the area's population. That number is projected to decline to just 20% by 2010. Households with a median income of at least $75,000 are predicted by EASI to increase to 33% of Dover households, an 11 percentage point gain compared with 2005.
|average household size||2.53||2.47|
|total housing units||56,462||62,831||11%|
|median value of owner households||$105,895||$107,885||2%|
Households By Race & Ethnicity
|$25,000 to $34,999||13%||10%|
|$35,000 to $49,999||18%||15%|
|$50,000 to $74,999||21%||21%|
|$75,000 or more||22%||33%|