Economic Development: Reports

Copper Square Financial Expenditures

 

Demographic Summary 2005 2010
Population 2,034 2,113
Households 106 124
Families 10 11
Median Age 34.7 35.3
Median Household Income $17,862 $22,835
Spending
Potential
Index Average Total
Assets
Market Value
Checking Accounts 33 $1,721.96 $182,528
Savings Accounts 34 $2,865.27 $303,719
U.S. Savings Bonds 31 $190.02 $20,142
Stocks, Bonds & Mutual Funds 28 $7,512.25 $796,299
Annual Changes
Checking Accounts 28 $-20.44 $-2,167
Savings Accounts 22 $25.07 $2,657
U.S. Savings Bonds 38 $7.60 $806
Earnings
Dividends, Royalties, Estates, Trusts 31 $155.22 $16,453
Interest from Savings Accounts or Bonds 34 $166.42 $17,640
Retirement Plan Contributions 25 $314.68 $33,356
Liabilities
Original Mortgage Amount 20 $2,614.98 $277,188
Vehicle Loan Amount (1) 31 $980.62 $103,946
Amount Paid: Interest
Home Mortgage 21 $885.97 $93,913
Lump Sum Home Equity Loan 22 $33.20 $3,519
New Car/Truck/Van Loan 29 $76.84 $8,145
Used Car/Truck/Van Loan 32 $87.32 $9,256
Amount Paid: Principal
Home Mortgage 22 $321.66 $34,096
Lump Sum Home Equity Loan 23 $36.01 $3,817
New Car/Truck/Van Loan 29 $308.38 $32,688
Used Car/Truck/Van Loan 32 $261.12 $27,679
Checking Account and Banking Service Charges 39 $14.08 $1,493
Finance Charges, excluding Mortgage/Vehicle 38 $148.93 $15,787
Data Note: The Spending Potential Index (SPI) is household-based, and represents the asset value or amount spent for a product or service relative to a national average of 100. Annual change may be negative.
(1) Vehicle Loan Amount is the amount of a loan for a car, truck, van, boat, camper, motorcycle, motor scooter, or moped, excluding interest.