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2001
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11-26-2001
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• Household Income <br /> Table 3 illustrates changes in household income between 1990 and 2005 for the entire study area. <br /> In 1990, the median household income was $37,997. During this period over 25% of households <br /> earned between $35,000 and $49,999 per year. An additional 22.7% of households earned <br /> between $50,000 and $74,999 per year. <br /> In 2000, the median household income increased substantially to $53,583. Incomes between <br /> $50,000 and $74,999 now comprise the largest income segment at 27.6%. Considerable <br /> increases were also seen in the $75,000 to $99,999 and the $100,000 or more income groups. <br /> These income segments increased by 9.8% and 9.3%, respectively. _ <br /> By 2005 the median household income is projected to increase to $60,451. Increases during this <br /> period will mainly occur in the upper income brackets with the largest percentage increase found <br /> in those households earning $100,000 or more. This segment will increase by 828 households <br /> for a 7.5% increase. <br /> Table 3 <br /> Elk River Study Area <br /> Household Income Data <br /> 1990-2005 <br /> • 1990 2000 2005 <br /> Number Percent Number Percent Number Percent <br /> Less than $10,000 385 7.5% 365 4.7% 375 4.2% <br /> $10,000 to $14,999 207 4.0% 320 4.1% 350 3.9% <br /> $15,000 to $24,999 662 12.9% 617 8.0% 584 6.5% <br /> $25,000 to $34,999 942 18.4% 648 8.4% 816 9.1% <br /> $35,000 to $49,999 1,292 25.2% 1,448 18.7% 1,295 14.4% <br /> $50,000 to $74,999 1,164 22.7% 2,137 27.6% 2,295 25.5% <br /> $75,000 to $99,999 328 6.4% 1,254 16.2% 1,525 16.9% <br /> $100,000 or more 148 2.9% 945 12.2% 1,773 19.7% <br /> Total 5,128 100.0% 7,734 100.0% 9,013 100.0% <br /> Median Income $37,997 $53,583 $60,451 <br /> Source: Claritas, Inc. <br /> IP <br />
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