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Income
<br />The City of Elk River's 2018 median household income
<br />was $86,584. According to the Bureau of Labor Statistics
<br />Consumer Price Index Inflation Calculator the median Elk
<br />River household income in 2000 was equivalent to $85,334
<br />in 2018 dollars. With the actual 2018 median income for Elk
<br />River $1,250 higher (1.5%) than the inflation adjusted 2000
<br />estimate, Elk River household incomes have kept pace with
<br />inflation and grown modestly. Elk River and Sherburne
<br />County have seen the largest growth among households
<br />within the $50,000 to $149,999 income range. Meanwhile
<br />the number of households earning over $150,000 in both
<br />the city and county has declined since 2010.
<br />Change in Income
<br />(Elk River & Sherburne County,
<br />2010-2018)
<br />$150,000+ (16,733) (4,558) 0111111111111111111
<br />$100,000-$149,999
<br />5,825
<br />I ,703
<br />a $75,000-$99,999
<br />4,760
<br />1,120
<br />0
<br />IL^
<br />V
<br />$50,000-$74,999
<br />5,221
<br />1,336
<br />0
<br />V
<br />c $35,000-$49,999
<br />3,080
<br />�944
<br />$25,000-$34,999
<br />1,991
<br />515
<br /><$24,999
<br />2,664
<br />750
<br />-20,000-15,000-10,000 -5,000
<br />0 5,000 10,000
<br />Change
<br />■ Sherburne County
<br />■ Elk River
<br />Source: 2010 Minnesota Census Report; 2018 American Community
<br />Survey Census Data
<br />Median Household Income
<br />$100,000
<br />$86,584 $85,818
<br />$80,000 $72,944 $71,704
<br />$58,1 14 $57,014
<br />E $60,000
<br />0
<br />$40,000
<br />$20,000
<br />2000 2010 2018
<br />Year
<br />■ Elk River ■ Sherburne County
<br />Source: 2000 Minnesota Census Report 2010 Minnesota Census
<br />Report; 2018 American Community Survey Census Data
<br />i
<br />H.
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<br />Community Context • Elk River Comprehensive Plan
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