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City If Elk River Housin, Plan Undated Januar 2003 <br /> • Demographic Review <br /> Population <br /> Elk River is located in the second fastest growing County in the State of Minnesota according to <br /> the 2000 Census. The City has experienced extensive population growth over the past twenty <br /> years. During the 1980's, the City increased its population by 4,358 persons for a 64.2% <br /> increase. This growth trend continued in the 1990s when the City increased its population from <br /> 11,143 to 16,447, an increase of 47.6%. <br /> It is anticipated that the City will continue to have strong growth over the next five years due to <br /> its proximity to major highways and the Twin Cities Metropolitan Area. In addition, the City <br /> also provides numerous commercial and industrial employment opportunities. Between 2000 <br /> and 2005 it is projected that the City will grow by 15.8%, an increase of 2,597 persons. <br /> The entire study area, which includes the City of Elk River and portions of Dayton and Otsego, <br /> has also experienced strong population growth. Between 1990 and 2000 the study area increased <br /> by 7,273 persons, an increase of 46.5%. For the next five years this area will increase by just <br /> over 15%, with the addition of 3,501 persons. <br /> Population by race data produced for the 2000 Census illustrate increases in minority populations <br /> in the community. Each race segment has increased over the past ten years. Minorities <br /> comprised an increasing percentage of the total population with the White.alone segment <br /> • declining from 98.6% in 1990 to 96.4% in 2000 resulting in a more diversfied community. <br /> Population Growth <br /> Elk River Study Area <br /> 1980-2005 <br /> 30,000 <br /> e, a <br /> 25,000 _ ,s <br /> 20,000 <br /> 15,000 '—+—Elk l iver <br /> �. a„ fix` Stud°yAreaY 7:10,000 <br /> 5,000 Oat , <br /> 0 <br /> 1980 1990 2000 2005 <br /> • <br /> 8 <br />