7.4. SR 03-17-2014 - Laserfiche WebLink

Home Browse Search

Elk River Comp ehensive Plan Employment and Income In 2010, Elk River's unemployment rate (5.5%) was slightly higher than the state average (4.9%), and slightly higher than Sherburne County (5.3%). Elk River's median household income was higher than that of Sherburne County, and higher than the State of Minnesota. The poverty level of Elk River was lower than Sherburne County and the State of Minnesota. (See Table 4-F for general employment and income characteristics). Table 4-F: General Employment and Income 2010 Employment Industry- Characteristics - 2010 Elk River Characteristics Elk River Sherburne Minnesota County In Labor Force 75.6% 74.3% 70.9% 13% ........................................... ................. . . .. . ......... . ............... Employed in Labor Force 70.1% 69.0% 65.9% ........................................... ................. .................. ................. Unemployed In Labor Force 5.5% 5.3% 4.9% 9% 37% Not In Labor Force 24.4% 27.3% 29.1% Median household income $70,224 $71,819 $58,476 Persons below poverty level 7.1% 8.0% 11.0% 26% It is anticipated that the employment in Elk River will steadily 15% increase, at least through the year 2035. This employment forecast is based on several assumptions involving anticipated population changes, regional employment opportunities, ■Management, business, science, unemployment, self-employment, multiple job holding, and net and arts occupations in-commuting. Service occupations Chart 4-6: Income Levels 2010 Sales and office occupations $90,000 ■Elk River — $80,000 State — ■Natural resources, construction, $70,000 and maintenance occupations $60,000 Production,transportation, and $50,000 material moving occupations $40,000 $30,000 $20,000 $10,000 $0 Median Median Family Per Capita Household 28 / Chapter 4: Community Context