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<br /> <br />MARKET ANALYSIS <br />City of Elk River, MN <br />Feasibility Study * <br />Page 2 <br />Table A – Service Area Comparison Chart: <br /> <br /> City of Elk River Secondary Service Area <br />Population: <br />2010 Census 22,9741 205,3342 <br />2015 Estimate 23,545 212,661 <br />2020 Estimate 24,175 221,264 <br />Households: <br />2010 Census 8,080 71,277 <br />2015 Estimate 8,353 74,609 <br />2020 Estimate 8,602 77,893 <br />Families: <br />2010 Census 6,050 55,075 <br />2015 Estimate 6,209 57,347 <br />2020 Estimate 6,368 59,696 <br />Average Household Size: <br />2010 Census 2.76 2.86 <br />2015 Estimate 2.74 2.83 <br />2020 Estimate 2.74 2.82 <br />Ethnicity (2015 Estimate): <br />Hispanic 3.6% 2.8% <br />White 93.0% 91.6% <br />Black 2.2% 2.6% <br />American Indian 0.4% 0.5% <br />Asian 1.6% 2.3% <br />Pacific Islander 0.1% 0.04% <br />Other 0.7% 0.8% <br />Multiple 1.9% 2.2% <br />Median Age: <br />2010 Census 34.9 35.5 <br />2015 Estimate 35.2 36.4 <br />2020 Estimate 36.1 37.1 <br />Median Income: <br />2015 Estimate $78,305 $80,829 <br />2020 Estimate $86,198 $89,401 <br /> <br /> <br /> <br />1 From the 2000-2010 Census the City of Elk River experienced a 38.9% decrease in population. <br />2 From the 2000-2010 Census the Secondary Service Area experienced a 25.1% decrease in population. <br />APPENDIX B