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DEMOGRAPHIC ANALYSIS <br /> Population and Household Growth Trends and Projections <br /> The following graphs show population and household growth trends for the City of Elk River <br /> and Sherburne and Wright County's from 1990 to 2020. Table D-1 presents data from 1990 to <br /> 2010 from the U.S. Census with projections to 2020 adjusted by Maxfield Research Inc. based <br /> on data from local building permit data, ESRI (a nationally recognized demographics provider), <br /> and the Minnesota Department of Administration/Office of Geographic and Demographic <br /> Analysis. Key findings are: <br /> • According to the U.S. Census Bureau, the City of Elk River contained 22,974 persons and <br /> 8,080 households in 2010. Over the last decade, the Elk River's population increased <br /> significantly. Through 2010, the population increased by over 6,500 persons (40%), while its <br /> household base grew by over 2,400 households (43%). <br /> Elk River <br /> Population Trends <br /> 1990-2020 <br /> 30,000 - ❑1990 <br /> 25,000 - ❑2000 _ <br /> 0 20,000 - •2010 <br /> 26,265 <br /> a 15,000 - •2020 22,974 <br /> o _ <br /> 10,000 <br /> 16,447 <br /> 5,000 11,143 <br /> 0 <br /> Elk River <br /> • Based on our review of growth trend projections for Elk River, current economic trends and <br /> building permit history, we project that Elk River will continue to see growth through 2020, <br /> but at a much lesser rate than the past two decades. Between 2010 and 2020, the City of <br /> Elk River is projected to add nearly 3,300 persons (14%) and 1,300 households (16%). <br /> Elk River Study Area <br /> Household Trends <br /> 1990-2020 <br /> 10,000 - ❑1990 <br /> 9,000 <br /> 8,000 ❑2000 <br /> 7,000 - ❑2010 9,360 <br /> -O <br /> 0 6,000 - ❑2020 8,080 <br /> La, 5,000 <br /> o 4,000 5,664 <br /> 3,000 - <br /> 2,000 3,732 <br /> 1,000 <br /> 0 <br /> Elk River <br /> MAXFIELD RESEARCH INC. 1 1 <br />