Retail Statistics

Retail Statistics PDF 102KB

The Jackson Retail Trade Area is comprised of Madison County plus 12 surrounding counties in West Tennessee.

 

West Tennessee Map

West Tennessee has an excellent highway system, which makes commuting to Jackson for jobs and retail shopping a daily event for thousands. The result is a much stronger market than typical for similar-sized cities.

Jackson Area Retail Trade Area Statistics
(Madison and surrounding 12 counties)

Est. Population 389,241
Median Age 37.98
Percent Minority Population 20.7
Households 153,600
Average Household Size 2.53
Total Effective Buying Income (EBI) $4,497,962,000
Median Household EBI $29,283
Total Retail Sales $4,954,692,000
Food & Beverage Stores $661,832,000
Food Service & Drinking Establishments $361,507,000
General Merchandise $713,738,000
Home Furnishings/Electronics/ Appliances $273,846,000
Motor Vehicles & Parts Dealers $887,810,000
Retail Sales Per Capita $12,729
Retail Sales Per Household $32,257

Source: Sales & Marketing Management Annual Survey of Buying Power 2005,
U.S. Bureau of the Census 2000

Madison County Retail Trade Statistics

Est. Population 94,700
Median Age 37.9
Percent Minority Population 34.8%
Households 36,900
Average Household Size 2.6
Total Effective Buying Income (EBI) $1,761,153,000
Per Household EBI $47,728
Total Retail Sales 2005 $2,170,720,000
Food & Beverage Stores $201,890,000
Food Services & Drinking Establishments $173,479,000
General Merchandise $370,237,000
  Home Furnishings/Electronics/ Appliances $202,217,000
Motor Vehicles & Parts Dealers $296,561,000
   
Retail Sales Per Capita $22,922
Retail Sales Per Household $58,527

Source: Sales & Marketing Management Annual Survey of Buying Power 2005,
U.S. Bureau of the Census 2000

Jackson Metropolitan Statistical Area Retail Statistics
(Madison and Chester Counties)

The high level of per household retail sales reflects the ample margin of disposable income generated through a stable wage base and a relatively low cost of living. The Jackson MSA has experienced one of the highest per capita income growth rates in Tennessee. Source: TN Department. of Employment Security

Est. Population 110,170
Median Age 34.6
Percent Minority Population 31.2%
Households 42,700
Average Household Size 2.6
Total Effective Buying Income (EBI) $2,170,720,000
Per Household EBI $46,805
Total Retail Sales $2,170,720,000
Food & Beverage Stores $201,890,000
Food Service & Drinking Establishments $173,479,000
General Merchandise $370,237,000
Home Furnishings/Electronics/Appliances $202,217,000
Motor Vehicles & Parts Dealers $296,561,000
Retail Sales Per Capita $22,922
Retail Sales Per Household $58,827

Sources: Sales & Marketing Management Annual Survey of Buying Power 2005,
U.S. Bureau of the Census 2000

Jackson Metro Trade Area-Population by County

County Population % Change Population % Change
 
1990
2000
1990-2000
2005
2000-2005
Benton
14,524
16,537
13.9%
16,517
-.1%
Carroll
27,514
29,475
7.1%
29,364
-.4%
Chester
12,819
15,540
21.2%
15,773
1.5%
Crockett
13,378
14,532
8.6%
14,553
.1%
Decatur
10,472
11,731
12.0%
11,650
-.7%
Gibson
46,315
48,152
4.0%
48,124
-.1%
Hardeman
23,377
28,105
20.2%
28,164
.2%
Hardin
22,633
25,578
13.0%
25,931
1.4%
Haywood
19,437
19,797
1.9%
19,164
-.9%
Henderson
21,844
25,522
16.8%
26,269
2.9%
McNairy
22,422
24,563
10.0%
25,152
2.0%
Madison
77,982
91,837
17.8%
94,397
2.8%
Weakley
31,972
34,895
9.1%
33,733
-3.3%
Trade Area
346,679
386,354
11.4%
389,241
 .7%

Source: U.S. Bureau of the Census 2000, 2005

A look at the total buying power of Jackson and the people who live in the 13 counties of its primary trade area puts Jackson in the top 100 retail markets in the country. The high level of retail sales indicates a high level of disposable and discretionary income allowed by a relatively low cost of living.

The dollar value of retail sales in Jackson-Madison County continues to grow at a rate faster than in the United States. Jackson has realized seven consecutive years with at least $1 billion in retail sales, and in 2005, retail sales reached over $2.1 billion. Jackson owes much of their growth to people from the surrounding area who consider Jackson their retail corner. Jackson's primary trade area expects a projected population of nearly 400,000 in 2005.

West Tennessee shoppers flock to Jackson because they like the variety of retail stores that Jackson offers in its two million square feet of retail space. Many of those stores are found in one of our many shopping centers. Old Hickory Mall, a regional shopping mall, has more than 70 stores. It is the only enclosed mall between Nashville and Memphis.

From Mexican and Oriental restaurants to fine dining and down home cooking, Jackson's array of restaurants also brings people to town. Local specialties include pulled pork barbecue and catfish. Home grown entrepreneur Isaac Tigrett made Jackson's barbecue world famous at the popular Hard Rock Cafes found in major cities.

Madison County has attracted a wide variety of nationally & regionally recognized retailers including:

Abercrombie & Fitch Macy's (Federated)
Bed Bath & Beyond Marshall's
Belk Ruby Tuesday's
Best Buy OfficeMax
Blockbuster Video Old Navy
Books-a-Million Olive Garden
Cracker Barrel Outback
Dick's Sporting Goods O'Charley's
Gander Mountain Pier 1 Imports
Goody's Red Lobster
Home Depot Sears
J.C. Penney Talbots
Kirkland's Target
Kohl's TGI Friday's
Kroger T.J. Maxx
Logan's Roadhouse Toys "R" Us
Lone Star Steakhouse Victoria's Secret
Longhorn Steakhouse Wal-Mart Supercenter

Retail Growth - Madison County

Year Amount
2006 Not Available
\2005 $2,170,720,000
2004 $1,913,557,000
2003 $1,880,273,000
2002 $1,778,898,000
2001 $1,457,427,394
2000 $1,770,835,000
1999 $1,008,385,000
1998 $968,437,000
1997 $1,104,776,634
1996 $1,036,144,082
1995 $979,837,592

Source: Sales & Marketing Management Annual Survey of Buying Power