Economic

Status of Adams Morgan Introduction

The Economic Development Working Group broke into two teams to prepare this report on the current economic status of Adams Morgan. The first team focused on describing the economic conditions of residents, and the second, composed of members of the business community and representative organizations, focused on describing the economic conditions of businesses in Adams Morgan. The report is thus divided into these two sections.

A. Current Economic Status of Adams Morgan Residents

1. Adams Morgan Median Household Income is above average for DC but below average for NW DC. 2012 Median Household Income in Adams Morgan was $73,972. By contrast 2012 Median Household Income for the District of Columbia was $59,100 while 2012 Median Household Income in northwest DC was 77,355.1 With a per-capita income of $62,548, the 16,633 residents of Adams Morgan brought over $1 billion in income to the Adams Morgan neighborhood in 2012. By contrast per-capita income for the District of Columbia in was $41,726, and per capita income for northwest DC was $52,110 in 2012. Per capita income in Adams Morgan is projected to rise to $74,191 in 2017, whereas per capita income in DC is projected to rise to $48,534 and per capita income in northwest DC is projected to rise to $61,027 in 2017. Thus, residents in Adams Morgan are thus projected to bring $1.23 billion into the neighborhood per annum by 2017.

1 Unless otherwise stated, the source of data in the residents part of this Phase 1 report is ESRIs Community Analyst

software, which can be accessed online at: http://www.esri.com/software/arcgis/community-analyst. Using this software, the borders of ANC1C were used to circumscribe the neighborhood, and reports were then requested on the enclosed area.

 2. Distribution of Median Household Income in Adams Morgan. Median Household Income in Adams Morgan is roughly distributed in thirds, with a third of Adams Morgan households (32.6%) earning less than $50,000, a third (30.1%) earning between $50,000 and $100,000, and a final third (37.3%) earning over $100,000.

Median Household Income in Adams Morgan is projected to rise to $85,252 by 2017, with a decrease in the number of households earning less than $75,000 from 50.5% to 42.4%, and an increase in

households earning more than $75,000 from 49.5% to 57.5%.2 The biggest increase is projected to occur in the number of households earning between $100,000 and $150,000, which is expected to increase by 2%.

3. Adams Morgan has wealthy middle-aged residents and poorer seniors. The distribution of 2012 Median Household Income across age groups shows that low-income households earning less than $15,000 per household are concentrated in those aged over 75, with almost 1 in 5 (19.1%) in this age-group earning less than $15,000. Those earning over $200,000 per household are primarily those aged between 45 and 54 years.

2 Assuming a similar population to that in 2012. Average Household size is projected to remain almost constant, from 1.65 in 2012 to 1.64 in 2017.

(ESRI Household Income Profile). Unless otherwise stated, the source of projections in the residents-part of this Phase 1 report is ESRIs Community Analyst software. Projected income is expressed in current dollars.

5. Adams Morgan has a poorer northeast. The geographic distribution of 2012 Median Household Income across the neighborhood indicates that lower-income households are located in the northeast of Adams Morgan, with the lowest- income households found within a triangle bounded by Euclid Street to the south, Columbia Road to the northeast and 16th Street NW to the east.

 This pattern of a poorer northeast is supported by historical data showing higher levels of unemployment in this part of the neighborhood than elsewhere.

6. Relatively strong Median Household Income growth in the northeast will still leave it relatively low-income compared to the rest of Adams Morgan in 2017. Projections of Median Household Income growth between 2012-2017 claim a higher rate of growth for the lower-income northeastern corner of the neighborhood.

However 2017 Median Household Income projections indicate that the northeast will nonetheless remain relatively low-income while the northwest, specifically along the eastern shore of Rock Creek Park between Connecticut Avenue and Harvard Street NW, will experience higher Median Household Income than before.

B. Current Economic Status of Adams Morgan Businesses3

Types of Organizations in Adams Morgan

Types of Organizations in Adams Morgan Businesses Government Non-Profits Total Number of Organizations Identified
3 This data was collected by taking the Adams Morgan BID membership list and supplementing it

303 12 56 371

with the observations and research of individual members of the Envision Adams Morgan Economic Development Working Group. This description is as of April 2013.

Types of Businesses in Adams Morgan

Types of Businesses in Adams Morgan Food & Beverage Retail Media Services Total Number of Businesses Identified 108 68 2 125 303

Types of Food & Beverage Businesses in Adams Morgan

Types of Food & Beverage in Adams Morgan Restaurant Caf Bar Bakery Total Number of Food & Beverage Businesses Identified 80 5 22 1 108

10

Types of Retail Businesses in Adams Morgan

Types of Retail Businesses in Adams Morgan Art Bicycle Books Clothing Convenience Store Electronics Flowers Furniture Grocery Hardware Jewelry Liquor Misc Music News Pharmacy Phone Total Number of Retail Businesses Identified 11

Types of Service Businesses in Adams Morgan

Types of Services In Adams Morgan Accommodation Architecture Art Automobile Banking Locksmith Health & Beauty Insurance, Tax & Accounting Laundry Legal Medical Misc. Parking Pet-care Photography Printing Real Estate Shipping Storage Travel Total Number of Service Businesses Identified 8 8 4 3 8 1 34 7 12 8 9 2 2 3 1 1 6 1 1 6 125

12

Types of Non-Profits in Adams Morgan

Types of Non-Profits In Adams Morgan Arts Associations Development Education Health Housing International Development Religious Research Residential Social Services Total Number of Non-Profits Identified 3 8 2 3 6 5 5 5 3 12 4 56

13

Types of Government Organization in Adams Morgan

Types of Government Organizations in Adams Morgan Embassy Fire Legal Mail Police Recreation School Total Number of Government Organizations Identified

1 2 1 2 2 2 2 12

14

15

16