Retail Trade Study Summary

Elgin Retail Trade Areas	Primary	Secondary	Tertiary
Population	8,949	24,806	68,443
Households	2,879	8,094	22,363
Median Household Income	$53,402	$55,091	$56,257

Retail Trade Study Summary

As a participant in the exceptionally strong growth experienced by the Capital Area of Texas since 2000, the City of Elgin has posted population growth of approximately 3.3 percent compounded annually from 2000-2010 (a rate that stood as an acceleration over the previous decade). New community assets including the opening of Austin Community College’s Elgin campus are providing anchors for future growth and activity in and around the City of Elgin. The purpose of this study is to identify and describe existing opportunities for commercial growth with a focus on retail trade.

Primary Retail Market Analysis	Demand	Supply	Leakage/Surplus
General Merchandise Stores	$17,100,267	$24,341,532	-$7,241,265
Gasoline Stations	$6,167,100	$9,452,265	-$3,285,165
Food & Beverage Stores	$15,756,419	$70,432,317	-$54,675,898
Health & Personal Care Stores	$4,587,454	$14,766,402	-$10,178,948
Food Services & Drinking Places	$9,371,789	$16,791,174	-$7,419,385
Clothing & Accessories Stores	$3,790,931	$1,463,614	$2,327,317
Electronics & Appliance Stores	$4,187,445	$3,645,972	$541,473
Sporting Goods, Hobby, Book & Music Stores	$2,538,115	$393,645	$2,144,470
Furniture & Home STores	$2,493,751	$0	$2,493,751
Miscellaneous Store Retailers	$3,768,145	$3,150,255	$617,890
Building Materials, Garden Equip. & Supply Stores	$3,913,642	$5,578,676	-$1,665,034
Non-store Retailers	$1,699,903	$0	$1,699,903
Motor Vehicles & Parts Dealers	$20,385,262	$25,571,185	-$5,185,923

Retail Trade Study Summary

Retail Trade Study Summary

Economic Development

Owen Rock

Kaley Frye

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