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DEMOGRAPHIC ANALYSIS <br /> Adult Population Age Distribution <br /> Elk River <br /> 2000 to 2017 <br /> 8,000 <br /> 7,000 -1 ❑2000 <br /> u <br /> c 6,000 ^ 0 to •2010 r. <br /> 5,000 co `O n <br /> El 2017 <br /> cu in <br /> a 4,000 u; '^ <br /> d <br /> 3,000 <br /> z 2,000 y o 00 <br /> n n N <br /> 1,000 - m n m m N <br /> Mf rj N MI N <br /> 0 - .4. - F - -1- -- <br /> 18-24 25-44 45-64 65+ <br /> Age Cohort ' <br /> TABLE D-2 <br /> POPULATION AGE DISTRIBUTION <br /> ELK RIVER <br /> 2000,2010&2017 <br /> Number of Persons Change <br /> 2000 2010 2017 2000-2010 2010-2017 <br /> No. No. No. No. Pct. No. Pct. <br /> 17& under 5,146 6,555 6,917 1,409 27.4 362 5.5 <br /> 18-24 1,395 1,757 1,886 362 25.9 129 7.4 <br /> 25-34 2,461 3,204 3,396 743 30.2 192 6.0 <br /> 35-44 3,117 3,584 3,660 467 15.0 76 2.1 <br /> 45-54 1,963 3,535 3,748 1,572 80.1 213 6.0 <br /> 55-64 1,049 2,192 3,018 1,143 109.0 826 37.7 <br /> 65-74 663 1,188 1,459 525 79.2 271 22.8 <br /> 75+ 653 959 1,069 306 46.9 110 11.5 <br /> Total 16,447 22,974 25,153 6,527 39.7 2,179 9.5 <br /> Sources: U.S. Census Bureau; ESRI, Inc.; Maxfield Research Inc. <br /> Household Income <br /> The estimated distribution of household incomes in Elk River for 2012 and 2017 is shown in the <br /> following graphs. The data in Tables D-3 and D-4 was estimated by ESRI, Inc. and adjusted by <br /> Maxfield Research based on local area building permits and growth projections by the <br /> Minnesota Department of Administration. The data helps in ascertaining the demand for <br /> different housing products based on the size of the market at specific cost levels. <br /> The Department of Housing and Urban Development defines affordable housing costs for <br /> families as 30% of a household's adjusted gross income. Maxfield Research Inc. uses a figure of <br /> 25% to 30%for younger households and 40% or more for seniors, since seniors generally have <br /> MAXFIELD RESEARCH INC. 13 <br />