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<br /> <br />MARKET ANALYSIS <br />City of Elk River, MN <br />Feasibility Study * <br />Page 3 <br />Age and Income: It is important to compare the median age and median household income <br />levels to the national levels. Age and income are primary determiners of participation in <br />recreation activities. The lower the median age, the higher the participation rates are for most <br />activities. The level of participation also increases as the median income level goes up. <br /> <br />Table B – Median Age: <br /> <br /> 2010 Census 2015 Projection 2020 Projection <br />City of Elk River 34.9 35.2 36.1 <br />Secondary Service Area 35.5 36.4 37.1 <br />State of Minnesota 37.3 38.1 38.8 <br />Nationally 37.1 37.9 38.6 <br /> <br />Chart A – Median Age: <br /> <br /> <br /> <br />The median age in the State of Minnesota is similar to the National number while the median age <br />in the City of Elk River and the Secondary Service Area are lower than both the State and <br />National numbers. The median age in the City of Elk River and the Secondary Service Area <br />points to a wide variety of ages such as retirees, families with children and young professionals. <br />It will be important for the City of Elk River to look at facility components that address the needs <br />of all age groups. <br /> <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />2010 2015 2020 <br />37.1 <br />37.9 <br />38.6 <br />Ag <br />e <br />City of Elk River Secondary Service Area State of Minnesota National <br />APPENDIX B