{"id":794,"date":"2015-11-18T16:28:01","date_gmt":"2015-11-18T16:28:01","guid":{"rendered":"http:\/\/altoonanow.org\/?page_id=794"},"modified":"2024-03-11T23:54:36","modified_gmt":"2024-03-11T23:54:36","slug":"retailnow","status":"publish","type":"page","link":"https:\/\/altoonanow.org\/retailnow\/","title":{"rendered":"RetailNOW<\/span>"},"content":{"rendered":"

Altoona is Iowa\u2019s destination for retail. With one of the area\u2019s highest 2018\u0003retail spending totals, our city is drawing consumers from around Greater Des Moines.<\/p>\n

\n
\n
\"numbers\"<\/figure>\n

Key Retail Indicators % Increase since 2012<\/span><\/p>\n

\n

Retail Spending is Happening in Altoona. Now<\/span>.<\/h3>\n

During 2018, total taxable retail sales in Altoona were over $615 million, up over 40% since 2012. Average sales per capita (or how much the average person spends in retail in Altoona, annually) was $32,901, which is an 18% increase since 2012.<\/p>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

AVERAGE SALES PER CAPITA ($)\u00a0 FY2018<\/span><\/h3>\n<\/td>\n<\/tr>\n

\n

Coralville<\/h3>\n<\/td>\n

$39,766<\/td>\n<\/tr>\n
\n

ALTOONA<\/h3>\n<\/td>\n

$32,901<\/td>\n<\/tr>\n
\n

Cedar Rapids<\/h3>\n<\/td>\n

$24,236<\/td>\n<\/tr>\n
\n

Davenport<\/h3>\n<\/td>\n

$20,996<\/td>\n<\/tr>\n
\n

Sioux City<\/h3>\n<\/td>\n

$19,918<\/td>\n<\/tr>\n
\n

Dubuque<\/h3>\n<\/td>\n

$19,458<\/td>\n<\/tr>\n
\n

Urbandale<\/h3>\n<\/td>\n

$18,618<\/td>\n<\/tr>\n
\n

Des Moines<\/h3>\n<\/td>\n

$18,298<\/td>\n<\/tr>\n
\n

Council Bluffs<\/h3>\n<\/td>\n

$17,667<\/td>\n<\/tr>\n
\n

Cedar Falls<\/h3>\n<\/td>\n

$16,490<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The average sales per capita in Altoona is more than double the peer group average, and nearly 3x higher \u0003than the State of Iowa.<\/h3>\n

To benchmark, Altoona is compared to a peer group of 21 cities including West Des Moines, Cedar Rapids, Davenport, and Des Moines. The benchmark comparison found that Altoona ranked 2nd among its peer cities in terms of sales per capita. Additionally, the average sales per capita in Altoona is more than double the peer group average and nearly three times higher than the State of Iowa.<\/p>\n<\/div>\n<\/div>\n

 <\/p>\n

\n
\n
\"four<\/figure>\n

79%<\/span> Growth Since 2000<\/h1>\n

Our Community is Growing. Now<\/span>.<\/h3>\n

Population change is another key factor influencing local retail sales performance. Altoona\u2019s population today is 18,699, and has increased 79% since 2000. The population in Altoona is growing at a far faster rate than Polk County, and a slightly higher rate than the State of Iowa. <\/span><\/p>\n<\/div>\n<\/div>\n

 <\/p>\n

\n
\n
\"\"<\/figure>\n

Altoona is Where Iowa Plays. Now<\/span>.<\/h3>\n

With Altoona\u2019s prime location at the crossroads of America, and the entertainment attractions available, the City brings in over 4 million visitors per year. Altoona has a trade surplus (spending by non-resident visitors) of $351 million per year. This is up nearly 21% since 2014. Altoona\u2019s trade surplus represents 57% of annual retail sales.<\/p>\n<\/div>\n<\/div>\n

 <\/p>\n

\n
\n

\"cashRegister\"<\/p>\n<\/div>\n

\n

We are leaders in retail spending. Now<\/span>.<\/h3>\n

While there is no data for retail spending by type of business for individual municipalities, the research does show how Polk County\u2019s retail spending compares to the entire Des Moines MSA (which includes Polk, Dallas, Warren, Madison, and Guthrie Counties), and the State of Iowa. As shown below, Polk County outspends the metro and the State in nearly each category.<\/p>\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Type of Firm<\/span><\/strong><\/td>\nPolk County<\/span><\/strong><\/td>\nState of Iowa<\/span><\/strong><\/td>\n<\/tr>\n
Apparel<\/td>\n413<\/td>\n311<\/td>\n<\/tr>\n
Building Materials<\/td>\n1,308<\/td>\n925<\/td>\n<\/tr>\n
Eating and Drinking<\/td>\n2,120<\/td>\n1,397<\/td>\n<\/tr>\n
Food Dealers<\/td>\n1,287<\/td>\n1,129<\/td>\n<\/tr>\n
General Merchansdise<\/td>\n1,638<\/td>\n1,497<\/td>\n<\/tr>\n
Home Furnishing<\/td>\n738<\/td>\n383<\/td>\n<\/tr>\n
Specialty Retail<\/td>\n1,437<\/td>\n964<\/td>\n<\/tr>\n
Service<\/td>\n2,928<\/td>\n1,763<\/td>\n<\/tr>\n
Miscellaneous<\/td>\n1,416<\/td>\n1022<\/td>\n<\/tr>\n
Motor Vehicle<\/td>\n806<\/td>\n620<\/td>\n<\/tr>\n
Utilities and Transportation<\/td>\n1,393<\/td>\n1,236<\/td>\n<\/tr>\n
Wholesale<\/td>\n2,272<\/td>\n1,256<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
\n
\"25<\/figure>\n

8,601<\/span> Residents<\/h1>\n

Our people are buying in. Now<\/span>.<\/h3>\n

Altoona\u2019s population is primed for retail spending. Consumers aged 25-64 do more spending than other consumers, and consumers aged 45-64 years do the most.<\/p>\n

Altoona has 8,601 residents between the ages of 25-64, representing approximately 46% of the entire population. Furthermore, 65% of the population in Altoona is over the age of 18.<\/p>\n

SOURCES: Iowa Department of Revenue, Retail Sales & Use Tax Annual Report Fiscal Year 2018; US Census Quick Facts; Iowa Data Center; US Census American Community Survey 2011-2017.<\/p>\n<\/div>\n<\/div>\n

 <\/p>\n

\n
For more information on Altoona\u2019s retail environment, \u0003email AltoonaNow at contact@altoonanow.org<\/span><\/a>. \u0003To download the complete study, click here<\/span><\/a>.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Altoona is Iowa\u2019s destination for retail. With one of the area\u2019s highest 2018\u0003retail spending totals, our city is drawing consumers from around Greater Des Moines. Key Retail Indicators % Increase since 2012 Retail Spending is Happening in Altoona. Now. During 2018, total taxable retail sales in Altoona were over $615 million, up over 40% since […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/page-sidebar-right.php","meta":{"footnotes":""},"yoast_head":"\nRetailNOW 2018 - Altoona Now!<\/title>\n<meta name=\"description\" content=\"With one of the area\u2019s highest 2018\u0003retail spending totals, our city is drawing consumers from around Greater Des Moines.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/altoonanow.org\/retailnow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RetailNOW 2018 - Altoona Now!\" \/>\n<meta property=\"og:description\" content=\"With one of the area\u2019s highest 2018\u0003retail spending totals, our city is drawing consumers from around Greater Des Moines.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/altoonanow.org\/retailnow\/\" \/>\n<meta property=\"og:site_name\" content=\"Altoona Now!\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-11T23:54:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/altoonanow.org\/wp-content\/uploads\/2019\/02\/numbersandstuff.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RetailNOW 2018 - 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