|
DEMOGRAPHIC ANALYSIS
<br />TABLE 2
<br />PROJECTED AGE DISTRIBUTION
<br />RAMSEY MARKET AREA
<br />1990 to 2010
<br />Census
<br />Age 1990
<br />Primary Market Area
<br />Forecast
<br />2000 2010
<br />Change
<br />1990-2000
<br />No. Pct.
<br />2000-2010
<br />No. Pct.
<br />Under20 18,740 25,105 29,240 6,365 34.0 4,135 16.5
<br />20 to 24 3,553 3,686 4,950 133 3.7 1,264 34.3
<br />25 to 34 10,111 10,984 12,150 873 8.6 1,166 10.6
<br />35 to 44 9,429 14,655 15,390 5,226 55.4 735 5.0
<br />45 to 54 5,788 10,138 15,490 4,350 75.2 5,352 52.8
<br />55 to 64 2,425 5,283 9,630 2,858 117.9 4,347 82.3
<br />65 to 74 1,516 2,076 4,590 560 36.9 2,514 121.1
<br />75 and over 1,096 1,707 2,440 611 55.7 733 42.9
<br />Total 52,658 73,634 93,880 20,976 39.8 20,246 27.5
<br />Secondary Market Area
<br />Under 20 38,343 41,679 44,880 3,336 8.7 3,201 7.7
<br />20 to 24 7,279 7,536 9,150 257 3.5 1,614 21.4
<br />25 to 34 24,178 19,796 21,560 -4,382 -18.1 1,764 8.9
<br />35 to 44 18,583 24,894 23,120 6,311 34.0 -1,774 -7.1
<br />45 to 54 10,649 17,510 24,130 6,861 64.4 6,620 37.8
<br />55 to 64 5,658 9,630 16,420 3,972 70.2 6,790 70.5
<br />65 to 74 2,687 4,988 8,540 2,301 85.6 3,552 71.2
<br />75 and over 1,425 2,709 4,900 1,284 90.1 2,191 80.9
<br />Total 108,802 128,742 152,700 19,940 18.3 23,958 18.6
<br />Market Area Total
<br />Under 20 57,083 66,784 74,120 9,701 17.0 7,336 11.0
<br />20 to 24 10,832 11,222 14,100 390 3.6 2,878 25.6
<br />25 to 34 34,289 30,780 33,710 -3,509 -10.2 2,930 9.5
<br />35 to 44 28,012 39,549 38,510 11,537 41.2 -1,039 -2.6
<br />45 to 54 16,437 27,648 39,620 11,211 68.2 11,972 43.3
<br />55 to 64 8,083 14,913 26,050 6,830 84.5 11,137 74.7
<br />65 to 74 4,203 7,064 13,130 2,861 68.1 6,066 85.9
<br />75 and over 2,521 4,416 7,340 1,895 75.2 2,924 66.2
<br />Total 161,460 202,376 246,580 40,916 25.3 44,204 1 21.8
<br />Sources: Bureau of the Census; Claritas, Inc.
<br />Maxfield Research Inc.
<br />• While the aging of the baby boom generation will result in strong growth of the senior popu-
<br />lation over the next few decades, an influx of younger and middle-aged individuals and fami-
<br />lies to the total Market Area will result in steady growth of the 25 to 54 population (from
<br />roughly 98,000 people in 2000 to 111,800 people in 2010 - or 14% growth). This steady
<br />growth will result in continued demand for single-family and multifamily homes.
<br />MAXFIELD RESEARCH INC. 9
<br />
|