Study Results on Newcomers to Downtown: Young, Rich and Educ

[Desert2Downtown]

A recent study shows that the new wave of Downtowners are rich, young, and highly educated. Downtown has experienced a 21% population increase in the last 2 years. A local business group has found that the median income of the newcomers is just under $100,000--making Downtown one of the most affluent communities in Los Angeles. The study also found that these people are ready to spend! This is phenomenally good news for Downtown business. Read Entire Article.

-- Edited by Ric at 20:04, 2007-02-27