Elgin's Retail Demand Outlook

     A Retail Demand Outlook looks at consumer spending in 2025 and projects spending for 2030. The information is based on the number of households and represents the amount spent for a product or service in certain categories. The EDG can obtain more detailed information in each category if someone would like to have that information. For instance, the apparel category can be broken down into men’s, women’s, children’s, jewelry and footwear to name a few. The financial category is broken down into the value of stocks and bonds, retirement plans, credit card debt, vehicle loans and more. The food category is broken down into food at home, food away from home, dairy products, alcoholic beverages, meats, bakery items and more. The table below offers a brief glimpse of how Elgin households spend their money.

                                                                         * Esri & Bureau of Labor Statistics