Agenda - Council - 09/13/2016 - Laserfiche WebLink

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DEMOGRAPHIC ANALYSIS Population and Household Growth Trends and Projections Table 1 presents population and household growth trends for the PMA and the SMA from 1990 to 2020. The data from 1990 and 2000 is from the U.S. Census, while the 2010 and 2020 projec- tions were determined by the Metropolitan Council. Key findings of Table 1 are: • During the 1990s the population in the Market Area increased by roughly 40,900 people (25%) to reach a total population of 202,376. During the next decade the Market Area is ex- pected to reach 246,600, an increase of 44,200 people or 22%. The PMA is expected to see higher growth rates than the SMA, since it has a greater supply of land available for devel- opment. • The number of households in the PMA grew by nearly 46% (7,800) during the 1990s and is projected to increase another 40% (9,800) between 2000 and 2010. Since households repre- sent occupied housing units, this growth translates into roughly the need for over 9,800 hous- ing units in the PMA this decade. Another 8,900 housing units would be needed in the SMA this decade to meet household projections. • The total Market Area increased nearly 18,000 households (34%) during the 1990s and is projected to increase another 18,700 households (27%) between 2000 and 2010. The slower growth in the total Market Area indicates slow growth in the more mature SMA. The Market Area is, however, growing at a faster pace then both Anoka County and the Twin Cities Metro Area. • Household growth in the Market Area is out pacing population growth. This indicates a con- tinual decrease in household size, primarily the result of an aging population as well as younger couples having fewer children or no children at all. 180,000 160,000 140,000 120,000 0 100,000 80,000 0 P. 60,000 40,000 - 20,000 - 0- Chart 1: Population Growth Ramsey PMA & SMA 1 1990 • PMA 2000 2010 2020 ❑ SMA MAXFIELD RESEARCH INC. 7