The term ‘Sugar Daddy’ is simply not a moniker reserved for the ‘one percent’. Rather, it is a lifestyle embodied by single men who have a genuine, vested interest in adding value to their partners’ lives.
Atlanta, GA (PRWEB) May 06, 2013
SeekingArrangement.com, the world’s largest dating website for mutually beneficial relationships, released a new study identifying the key demographics of the average American Sugar Daddy. The website also revealed the top 20 cities with the highest ratio of Sugar Daddies, naming Atlanta as the “Sugar Daddy Capital of America”.
Atlanta dethroned last year’s Sugar Daddy Capital, San Francisco, with 5.98 Sugar Daddies for every 1000 adult males, compared to 4.94 Sugar Daddies for every 1000 adult males.
The following is a list of the Top 20 list of cities with the largest number of Sugar Daddies:
Top 20 Sugar Daddy Cities - # Sugar Daddies per 1000 Adult Men
1. Atlanta 5.98
2. Scottsdale 5.23
3. San Francisco 4.94
4. Tampa 4.48
5. Boston 4.29
6. Las Vegas 4.17
7. Orlando 3.98
8. Los Angeles 3.61
9. Seattle 3.47
10. Austin 3.13
11. Chicago 3.04
12. New York 2.79
13. New Orleans 2.43
14. Washington D.C. 2.39
15. Minneapolis 2.07
16. Denver 1.96
17. Philadelphia 1.88
18. Houston 1.85
19. Portland 1.77
20. Charlotte 1.49
According to the study the average Sugar Daddy in America is 39 years old and earns approximately $275,301 annually. He spends approximately $5100 monthly on his sugar habit, which is 22 percent of his annual income. Since 2007, the number of married Sugar Daddies has dropped from 46 percent to 33 percent, a sign that the sugar lifestyle is becoming more widely accepted amongst single men.
“The term ‘Sugar Daddy’ is simply not a moniker reserved for the ‘one percent’. Rather, it is a lifestyle embodied by single men who have a genuine, vested interest in adding value to their partners’ lives,” says Brandon Wade, Founder & CEO of SeekingArrangement.com. “Last year, the number of single men joining our website doubled, reducing the number of married men who engage in this lifestyle.”
When the website first launched in 2007, the average Sugar Daddy was 44 years old and had a net worth of 7.1 million dollars. The website attributes the steady decline in average net worth to the increase of men under the age of 35 years old entering the Sugar Daddy dating pool.
“Not only is the face of the modern Sugar Daddy changing, but his needs are as well,” says Wade. “Men who gain their wealth at a young age understand that time can’t be wasted chasing fruitless leads. Arrangements on our website are catered to ensure that both parties are satisfied.”
For more information about SeekingArrangement.com, or to request for a copy of the study, please contact Jennifer Gwynn at press(at)seekingarrangement(dot)com or call (702) 241-0100.
SeekingArrangement.com is the leading sugar daddy and sugar baby dating website. The website continues to be a trendsetter in the sugar daddy space, having set a higher bar for what it means to be a “sugar daddy”. Earlier this year, SeekingArrangement.com sought to redefine what it means to be a sugar daddy by redefining the modern “sugar daddy” as a mentor, sponsor or benefactor who is always respectful, generous, and seeking to empower others. Launched in 2006, the website currently boasts over 1 million members worldwide. SeekingArrangement.com is founded by Brandon Wade, an online dating expert, author and entrepreneur who also started SeekingMillionaire.com - the leading millionaire matchmaker online service, and WhatsYourPrice.com - the first and only, patent pending online dating website where singles can buy and sell first dates.