Agenda - Council Work Session - 11/24/2009

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DEMOGRAPIDC ANALYSIS 2009** 2008 2007 2006 2005 2004 2003 2002 2001 2000 Labor Force 191,660 191,086 189,888 190,694 189,688 188,661 187,044 184,935 183,326 178,990 TABLE D-lO RESIDENT EMPLOYMENT* ANOKA COUNTY AND VICINITY 2000 throu h 2009** - Anoka County 176,455 180,629 181,161 183,129 182,174 180,215 178,107 176,702 176,721 174,185 Unempl. Rate Metro Minnesota USA 7.9% 7.3% 7.3% 9.5% 5.5% 5.2% 5.4% 5.8% 4.6% 4.3% 4.6% 4.6% 4.0% 3.8% 4.1% 4.6% 4.0% 3.9% 4.2% 5.1% 4.5% 4.4% 4.6% 5.6% 4.8% 4.7% 4.9% 6.0% 4.5% 4.4% 4.5% 5.8% 3.6% 3.5% 3.8% 4.7% 2.7% 2.7% 3.1% 4.0% Change 2000-2008 2.3% 1.8% '00 -'08 12,096 6,444 2.8% 2.5% * Not Seasonally Adjusted ** As ofSeotember 2009. Source: MN Dept. of Employment and Economic Development; Maxfield Research. Wa!!es bv Occuoation Table D-ll presents information from the Minnesota Department of Employment and Economic Development showing wages by occupation in the Twin Cites in the 2nd Quarter of 2009 . Wage information for each occupation is compared against the median income for the Metro Area of $83,900. The following bullet points summarize key findings. . Based on salary information in the 10th percentile, typically starting/early professional in- comes in education range from about $30,230 to $38,550 and in healthcare from $20,550 to $53,960. Together, these two industry sectors account for about 12% ofthe jobs in the County (Table D-9). The most significant source of jobs (manufacturing) has starting/early professional incomes that range from $24,770 to $38,560 and median incomes that range from $40,310 to over $70,000. · An allocation of30% ofa household's annual income for housing costs is considered to be affordable according to national benchmarks developed by HUD. If a household pays more than 30%, they are considered cost-burdened. Households with higher incomes generally spend proportionally less of their incomes on housing than do those with lower incomes. MAXFIELD RESEARCH INC.