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City of Elk River Housing,Plan Updated January 2003 <br /> • By 2005 the median household income is projected to increase to $60,451. Increases during this <br /> period will mainly occur in the upper income brackets with the largest percentage increase found <br /> in those households earning $100,000 or more. This segment will increase by 829 households <br /> for a 7.5% increase. <br /> Table 5 <br /> Elk River Study Area <br /> Household Income Data <br /> 1990-2005 <br /> 1990 2000 2005 <br /> Number Percent Number Percent Number Percent <br /> Less than $10,000 385 7.5% 365 4.7% 375 4.2% <br /> $10,000 to $14,999 207 4.0% 320 4.1% 350 3.9% <br /> $15,000 to $24,999 662 12.9% 617 8.0% 584 6.5% <br /> $25,000 to $34,999 942 18.4% 648 8.4% 816 9.1% <br /> $35,000 to $49,999 1,292 25.2% 1,449 18.7% 1,295 14.4% <br /> $50,000 to $74,999 1,164 22.7% 2,138 27.6% 2,296 25.5% <br /> $75,000 to $99,999 328 6.4% 1,254 16.2% 1,526 16.9% <br /> • $100,000 or more 148 2.9% 945 12.2% 1,774 19.7% <br /> Total 5,128 100.0% 7,736 100.0% 9,016 100.0% <br /> Median Income $37,997 $53,583 $60,451 <br /> Source: Claritas, Inc. <br /> • <br /> 14 <br />