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DEMOGRAPHIC ANALYSIS
<br />• The 55 to 64 age cohort is projected to increase by nearly 791 people (36%), while the 45 to
<br />54 age group is projected to decline by 436 people ( -12%). These older adults and seniors
<br />may be considering downsizing into low- maintenance or independent living housing.
<br />Adult Population Age Distribution
<br />Elk River
<br />POPULATION AGE DISTRIBUTION
<br />2000 to 2020
<br />8,000
<br />_-_-_-_-_-_-_-_-
<br />_- _- _- _- _- _- _- _- _- _-
<br />_- _- _ -_ -_ -_
<br />I
<br />2000-2020
<br />7,000
<br />-- 2000 ip 2010
<br />--------------- - --
<br />6,000
<br />-- 2015 ■ 2020
<br />- -- --------- - - - - -- ------------------------
<br />� ��
<br />1
<br />5,000
<br />- -- -
<br />^ -- N c
<br />---------------
<br />O
<br />No.
<br />5,146
<br />Ln n �o
<br />2020
<br />No. No.
<br />6,444 6,489
<br />w4,000
<br />--------------------- - -
<br />- - -- `n ---- - - - - -- --------------------------
<br />a
<br />Pct.
<br />70
<br />17 & under
<br />18 -24
<br />I
<br />11395
<br />3,000
<br />-- - - - - -- ----- - -
<br />- - -- - - - - -- ----------
<br />___ - - - - -- 1
<br />O
<br />Z
<br />2,000
<br />----- - - - - -- ----- - -
<br />N
<br />- - -- - - - - --
<br />-
<br />3,204
<br />3,250 3,522
<br />�
<br />30.2
<br />318
<br />9.9
<br />1,000
<br />- Ln vii o ------
<br />-
<br />- - - -- N -
<br />3,297 3,493
<br />467
<br />cl n ni
<br />-91
<br />I
<br />45 -54
<br />0
<br />r I 14
<br />3,535
<br />3,429 3,099
<br />1,572
<br />80.1
<br />-436
<br />-12.3
<br />55 -64
<br />1,049
<br />18 -24
<br />25 -44 45 -64
<br />65+
<br />109.0
<br />791
<br />36.1
<br />Age Cohort
<br />• The 55 to 64 age cohort is projected to increase by nearly 791 people (36%), while the 45 to
<br />54 age group is projected to decline by 436 people ( -12%). These older adults and seniors
<br />may be considering downsizing into low- maintenance or independent living housing.
<br />MAXFIELD RESEARCH & CONSULTING, LLC. 10
<br />TABLE D -2
<br />POPULATION AGE DISTRIBUTION
<br />ELK RIVER
<br />2000-2020
<br />Number of Persons
<br />Change
<br />No.
<br />5,146
<br />No.
<br />6,555
<br />2020
<br />No. No.
<br />6,444 6,489
<br />1 2000-2010
<br />No. Pct. No.
<br />1,409 27.4 -66
<br />Pct.
<br />70
<br />17 & under
<br />18 -24
<br />11395
<br />1,757
<br />2,021 1,865
<br />362
<br />25.9
<br />108
<br />6.2
<br />25 -34
<br />2,461
<br />3,204
<br />3,250 3,522
<br />743
<br />30.2
<br />318
<br />9.9
<br />35 -44
<br />3,117
<br />3,584
<br />3,297 3,493
<br />467
<br />15.0
<br />-91
<br />-2.5
<br />45 -54
<br />1,963
<br />3,535
<br />3,429 3,099
<br />1,572
<br />80.1
<br />-436
<br />-12.3
<br />55 -64
<br />1,049
<br />2,192
<br />2,582 2,983
<br />1,143
<br />109.0
<br />791
<br />36.1
<br />65 -74
<br />663
<br />1,188
<br />1,500 1,904
<br />525
<br />79.2
<br />716
<br />60.3
<br />75+
<br />653
<br />959
<br />1,024 1,221
<br />306
<br />46.9
<br />262
<br />27.3
<br />Total
<br />16,447
<br />22,974
<br />23,547 24,576
<br />6,527
<br />39.7
<br />1,602
<br />7.0
<br />Sources:
<br />U.S. Census Bureau; ESRI, Inc.; Maxfield Research & Consulting, LLC
<br />MAXFIELD RESEARCH & CONSULTING, LLC. 10
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