Agenda - Economic Development Authority - 04/13/2017

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City of Ramsey 2030 Comprehensive Plan Update Chapter 7:Housing Plan Family Composition In addition to age, family composition can provide clues as to the type of housing that will be needed by current and future residents of Ramsey. Figure 8 compares household composition in 1990 and 2000. In 1990, 61% of households had children. In 2000, this percentage had decreased to 51%. This decrease was attributable to the fact that the categories "non-family households" and "families with no children living at home" increased more than "families with children living at home." However, there are still 809 more families with children living in Ramsey than there were in 1990, according to the 2000 Census. The number of family households with no children living at home doubled,representing an increase of 1,085 households. This indicates that while 50% of households are families with children, their share of the total number of households is decreasing. If these changes continue, Ramsey will have more childless households than families with children by 2010. Figure 8: Household Composition 1990 2000 6% 8% 0 ° ■Married with 9% Children 5% ■Married with no 7% Children 44% El Single Parents 56% 26% ❑Living Alone ■Living with 32% Unrelated People Income The median household income in Ramsey in 2000 was about $77,000, according to data obtained from the 2000 Census. This is higher than the metropolitan average. 10% of the ownership households and 30% of rental households in Ramsey are considered very low income by state standards. (State's standards for very low income are households earning less than 50% of the Area Median Income,AMI)which is very similar to the County as a whole at 9% ownership and 28% renter households. Only 1.3% of the total households in Ramsey lives in poverty or earn less than 30%of the AMI which is well below the poverty rate in the County at 4.1% and the metropolitan region at 6.4%. Job Growth and Economic Base Ramsey is a middle class community with a growing commercial base and a continually increasing number of jobs. In 1997, a survey was conducted by Decision Resources, Ltd that provided statistically significant information concerning the demographics of Ramsey residents. The survey showed that 11% of those surveyed worked in Ramsey and 41%worked in Anoka County. Between 1990 and 2000, the City of Ramsey almost doubled its employment, from 1,941 jobs in 1990 to 3,587 jobs in 2000.The average salary for a job in Ramsey is $32,956 per year. City of Ramsey 2030 Comprehensive Plan Page 7-12