Return to NASE.org

 Print Friendly         Email to Friend   


Marketing to Hispanics
Article 2: Eye-Opening Statistics

To get a grip on the size and scope of the U.S. Hispanic market and its potential impact on your small business, take a minute to consider a few more statistics:
  • The median age for Hispanics is about 26, or 10 years younger than the median age in the U.S. as a whole. The ramifications of this one statistic alone are enormous.

  • The number of Hispanic households with incomes of at least $100,000 rose by 137 percent between 1990 and 2000.

  • The median incomes of Hispanic households rose by 20 percent between 1996 and 2001, compared to a rise of only 6 percent in all U.S. households.

  • 13.3 million Hispanics were Internet active at the end of 2004, up from 12.4 million in 2003 and 8.7 million in 2000. They spend an average of five hours a week online, compared to 18 hours a week watching television (half of this in Spanish) 15 hours listening to radio (also half in Spanish).

  • The most popular Hispanic Web sites are Univision.com, Yahoo! En Espanol (Espanol.yahoo.com), Terra.es, Yupimsn.com and StarMedia.com.

  • The number of Hispanic-owned businesses in the U.S. rose by 31 percent between 1997 and 2002 to 1.6 million, and total sales were up 22 percent to $226.5 billion, according to the U.S. Census Bureau. This number has since risen to an estimated 2.2 million businesses, and it’s projected to rise to 3.3 million businesses by 2010.

  • One-third of all Hispanic-owned businesses in the U.S. are owned by women.

  • The IRS predicts that one out of every 10 small businesses in the U.S. will be Hispanic-owned by 2007, up from one in 13 today.

  • Hispanic advertising by U.S. companies grew by 24 percent in 2003, compared with 8.6 percent for advertising in general.

  • Home ownership among Hispanic families is just under 50 percent, well below the nation’s overall homeownership rate of 68 percent and the non-Hispanic white rate of 74 percent.

  • Of the total U.S. Hispanic population, 67 percent are from Mexico, 14 percent are from Central and South America, 9 percent are from Puerto Rico, 4 percent are from Cuba, and the remainder are of other Hispanic origin.

 

 Print Friendly         Email to Friend   

 
Marketing to Hispanics
Select an online seminar from the Success Skills Archives:


Complete List of Seminars


 Current Seminar

If you liked this topic, check out these related Success Skills Seminars:

 

© 2007 NASE All Rights Reserved.