Final Answer:
To create a radius map for average household income and trade area around a specific address (which is not provided in the question), you would need access to geographic information system (GIS) software or an online mapping tool. Utilize this tool to draw circles with radii of 1, 3, and 5 miles around the specified address. Then, overlay the map with data on average household income for the respective areas.
Step-by-step explanation:
Creating a radius map involves using GIS software or online mapping tools that allow you to mark specific distances from a central point, in this case, the provided address. Each circle represents a trade area with a radius of 1, 3, or 5 miles. GIS tools often provide a straightforward interface for drawing these circles.
Once the map is generated, you can enhance it by incorporating data layers, such as average household income. This information can be obtained from various sources, including census data or demographic databases. By overlaying income data onto the map, you can visually analyze how average household income varies within the defined trade areas.
To calculate the trade area, you need to consider the address's geographical coordinates, the radius of each circle, and the specific GIS tool or mapping platform you are using. Most GIS tools offer functionalities for adding layers, creating circles, and incorporating external data, enabling a comprehensive analysis of the average household income within different trade areas.