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DEMOGRAPHIC ANALYSIS <br /> Population and Household Growth Trends and Projections <br /> The following graphs show population and household growth trends for the City of Elk River <br /> from 1990 to 2025. Table D-1 presents data from 1990 to 2010 from the U.S. Census with <br /> projections to 2025 adjusted by Maxfield Research and Consulting LLC based on data from local <br /> building permit data, ESRI (a nationally recognized demographics provider), and the Minnesota <br /> Department of Administration/Office of Geographic and Demographic Analysis. <br /> • According to the U.S. Census Bureau, the City of Elk River contained 22,974 persons and <br /> 8,080 households in 2010. Over the last decade, the Elk River's population increased <br /> significantly. Through 2010, the population increased by over 6,500 persons (40%), while its <br /> household base grew by over 2,400 households (43%). <br /> Elk River <br /> Population Trends <br /> 30,000 - <br /> O 1990 1990-2020 <br /> 0 2000 <br /> 25,000 - <br /> 02010 <br /> 20,000 - •2020 25,632 <br /> o. 15,000 ❑2025 22,974 <br /> 10,000 - 16,447 <br /> 5,000 - 11,143 <br /> 0 <br /> • Based on our review of growth trend projections for Elk River, current economic trends and <br /> building permit history,we project that Elk River will continue to see growth through 2020, <br /> but at a much lesser rate than the past two decades due to the Recession and slowdown in <br /> the housing market. Between 2010 and 2020, the City of Elk River is projected to add nearly <br /> 2,100 persons (9%) and 850 households (10.5%). <br /> Elk River Study Area <br /> Household Trends <br /> ❑1990 1990-2020 <br /> 10,000 0 2000 <br /> 0 2010 9,253 <br /> 8,000 <br /> •2020 8,080 <br /> s 6,000 ❑2025 <br /> 4 <br /> 5,664 <br /> ,000 <br /> 2,000 3,732 <br /> 0 <br /> MAXFIELD RESEARCH&CONSULTING,LLC. 8 <br />