7.1. SR 05-05-2014 - Laserfiche WebLink

Home Browse Search

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 Characteristics - 2010 Characteristics Elk River Sherburne Minnesota County In Labor Force 75.6% 74.3% 70.9% ................................................................ Employed in Labor Force 70.1% ............................... 69.0% 65.9% ................................................................ Unemployed In Labor Force 5.5% ............................... 5.3% 4.9% 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% It is anticipated that the employment in Elk River will steadily increase, at least through the year 2035. This employment forecast is based on several assumptions involving anticipated population changes, regional employment opportunities, unemployment, self - employment, multiple job holding, and net in- commuting. Chart 4 -6: Income Levels 2010 $90,000 ■ Elk River — $80,000 State — $70,000 $60,000 $50,000 $40,000 $30,000 — $20,000 $10,000 $0 Median Median Family Per Capita Household 28 / Chapter 4: Community Context Elk River Comp ehensive Plan 2010 Employment Industry - Elk River 15% ■ Management, business, science, and arts occupations Service occupations Sales and office occupations ■ Natural resources, construction, and maintenance occupations Production, transportation, and material moving occupations