4.5. SR 10-06-2014 - Laserfiche WebLink

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. � 11' Elk Elk River Comp ehensive Plan River Key Demographic Trends In addition to knowing how many people live and will likely live in Elk River, understanding the key characteristics of the people, such as their age, education and employment status can aid the City in planning for and providing necessary and desired services for all of its residents. Age Composition The population of Elk River is growing older as the median age is increasing from 28.2 in 1970 to 34.4 in 2010. The rate of median age change in the community has slowed, with the rates from 1990-2010 changing by one percent or less each year. In 2010 the 35-44 age category was the largest in Elk River, and the second largest between ages 25-34. This reflects a trend of younger households in the community, which will desire quality housing, schools, recreational opportunities, and public services. Over the next 30 to 40 years this age group will be aging and consequently requiring require senior housing options to remain in the community. Alternatively, older populations may move out of the community leaving housing stock open for younger families to move in. Either scenario the City of Elk River will need to assess the community amenities and infrastructure to accommodate specific needs of major demographic shifts. Chart 4-4: Age Composition 4,000 3,500 3,000 c 2,500 2,000 0 1,500 a 1,000 500 10 to 15 to 20 to 25 to 35 to 45 to 65 to 75 and 5 Under 5 to 9 14 19 24 34 44 54 55-64 74 over ■ 1980 608 683 660 708 509 1,150 927 596 385 270 289 ■ 1990 1,032 1,080 977 875 759 2,149 1,816 1,086 559 404 406 ■2000 1,375 1,436 1,476 1,297 957 21461 3,117 1,963 1,049 663 653 ■2010 2,140 1,937 1,739 1,377 1,381 3,125 3,755 2,991 2,263 1,357 725 Source: U.S. Census Comparison Profile Chapter 4: Community Context / 25