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DEMOGRAPHIC ANALYSIS
<br />Household growth trends are a more accurate indicator of housing
<br />growth since a household is, by definition, an occupied housing
<br />comparison of historic and projected population and household gres shows that
<br />household growth is projected to continue to outpace population
<br />large part, to the aging of the baby boom population into their -nester years.
<br />TABLE D-1
<br />POPULATION AND HOUSEHOLD GROWTH TRENDS AND PROJECTIONS
<br />ELK RIVER
<br />1990 to 2025
<br />Change
<br />U.S. CensusProjected1990 to 20002000 to 20102010 to 2020
<br />Estimated
<br />199020002010201520202025No.Pct.No.Pct.No.Pct.
<br />Population
<br />Elk River11,14316,44722,97423,54724,57625,6325,30447.66,52739.71,6027.0
<br />Sherburne County41,94564,41788,49999,975106,667111,95822,47253.624,08237.418,16820.5
<br />Wright County68,71089,986124,700143,740155,175163,61021,27631.034,71438.630,47524.4
<br />Households
<br />Elk River3,7325,6648,0808,3538,8229,2531,93251.82,41642.77429.2
<br />Sherburne County13,64321,58130,21234,31036,87439,0417,93858.28,63140.06,66222.1
<br />Wright County23,01331,46544,47351,81556,33059,8508,45236.713,00841.311,85726.7
<br />Sources: U.S. Census; Minnesota Planning; ESRI, Inc; Maxfield R
<br />Population Age Distribution Trends
<br />The following graphs show the age distribution of the City of El
<br />2010, as well as estimates and projections for 2015 and 2020, respectively. Data provided in
<br />Table D-2 for the 2000 and 2010 distributions are from the U.S. Census. Maxfield Research and
<br />Consulting LLCcalculated the 2015 estimate and 2020projectionbased off of data obtained
<br />from ESRI Inc., and theMinnesota Department of Administration. The following are key t
<br />in Elk Rivers age distribution:
<br />The majority of age groups in Elk River experienced strong growt
<br />to 2010. The baby boomers ages 55 to 64 experienced the largest rate of growth increasing
<br />by 109% (1,143 people) followed by the 45 to 54 age group increa
<br />the largest numerical growth).
<br />Over the current decade, mostage groups are projected to continue to grow in all age
<br />cohorts albeit a much lower rate than during the last decade. T
<br />below age 44 are projected to have slight increases as these gro
<br />baby bust generation.
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<br />MAXFIELD RESEARCH & CONSULTING, LLC.
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