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DEMOGRAPHIC ANALYSIS „ •„
<br /> TABLE D-3
<br /> HOUSEHOLD INCOME BY AGE OF HOUSEHOLDER
<br /> ELK RIVER
<br /> (Number of Households)
<br /> 2012 and 2017
<br /> 2012
<br /> Total <25 25-34 35-44 45-54 55-64 65-74 75+
<br /> Less than$15,000 370 15 40 26 47 60 51 132
<br /> $15,000 to$24,999 551 30 106 78 64 20 110 142
<br /> $25,000 to$34,999 434 53 98 85 48 36 42 72
<br /> $35,000 to$49,999 770 28 223 164 99 120 104 32
<br /> $50,000 to$74,999 1,388 61 450 292 330 127 106 22
<br /> $75,000 to$99,999 1,509 49 393 463 299 232 21 52
<br /> $100,000 or more 3,078 79 325 682 1,099 665 173 55
<br /> Total 8,100 314 1,635 1,790 1,986 1,260 608 507
<br /> <$25,000 921 45 146 104 111 79 161 273
<br /> $35,000+ 6,746 217 1,391 1,600 1,827 1,144 405 161
<br /> Median Income $82,043 $60,444 $67,342 $85,969 $102,432 $102,143 $49,329 $22,879
<br /> 2017
<br /> Total <25 25-34 35-44 45-54 55-64 65-74 75+
<br /> Less than$15,000 320 11 38 21 33 39 54 125
<br /> $15,000 to$24,999 431 16 93 63 43 14 95 108
<br /> $25,000 to$34,999 292 36 71 48 25 21 31 60
<br /> $35,000 to$49,999 526 20 159 101 46 75 100 24
<br /> $50,000 to$74,999 1,349 60 502 245 235 117 158 33
<br /> $75,000 to$99,999 1,417 47 432 393 212 224 39 70
<br /> $100,000 or more 4,446 107 616 929 1,302 1,047 337 108
<br /> Total 8,780 298 1,910 1,800 1,895 1,537 813 528
<br /> <$25,000 751 27 130 84 75 52 149 233
<br /> $35,000+ 7,737 235 1,709 1,668 1,795 1,463 633 235
<br /> Median Income $100,432 $77,290 $78,859 $100,902 $107,653 $113,340 $68,530 $29,459
<br /> Change
<br /> Total <25 25-34 35-44 45-54 55-64 65-74 75+
<br /> Less than$15,000 -50 -4 -2 -5 -14 -21 3 -7
<br /> $15,000 to$24,999 -120 -14 -14 -15 -22 -6 -16 -33
<br /> $25,000 to$34,999 -142 -17 -27 -37 -23 -15 -11 -12
<br /> $35,000 to$49,999 -245 -8 -63 -64 -52 -45 -5 -8
<br /> $50,000 to$74,999 -39 -1 51 -46 -95 -10 51 10
<br /> $75,000 to$99,999 -93 -1 39 -69 -87 -8 17 18
<br /> $100,000 or more 1,368 28 290 247 202 382 164 54
<br /> Total 680 -17 274 11 -91 277 204 21
<br /> <$25,000 -170 -18 -16 -20 -36 -27 -12 -40
<br /> $35,000+ 991 18 317 68 -32 319 228 74
<br /> Median Income $18,389 $16,846 $11,518 $14,932 $5,222 $11,197 $19,202 $6,580
<br /> Sources: ESRI,Inc.;Maxfield Research Inc.
<br /> Tenure by Age of Householder
<br /> The following graphs show the number of owner and renter households in Elk River by age
<br /> group as of 2000 and 2010. The data in Table D-4 shows the propensity of households to own
<br /> or rent their housing based on their age. Key points derived from the data are:
<br /> • In 2010, 80%of the households in Elk River owned their housing. This is up from 78% in
<br /> 2000. Homeownership rates have slightly declined for those ages 25 to 64 in Elk River due
<br /> to the declining housing market and the poor economic climate. Due to the lack of renter
<br /> units built over the decade we can assume that many of the single-family homes have been
<br /> converted to rental properties.
<br /> MAXFIELD RESEARCH INC. 16
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