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Ramsey's CDA demographics <br />An area's demographics are crucial to developing smart business strategies. <br />Based on the CDA map, we identified 22,698 households within that area, according to <br />the 2010 U.S. Census data. The CDA is overall forecasted to have a continuous <br />increase of population and households through 2040, based on the community profiles <br />published by the Metropolitan Council.5,6,7,8,9,10,11,12 More specifically, the population <br />surrounding Ramsey will grow 5.2% by 2021. According to Tim Gladhill, the Community <br />Development Director for the city, there are currently 3,697 people living within 1 mile <br />from the COR, with a 20% margin of error (Table 1). In the COR, there are also over <br />200 residential units under development with approximately 30% of the planned <br />residential district waiting to be developed. As the COR is continuously developing, this <br />number is expected to grow significantly in the future. The median age of Ramsey's <br />residents is 35 with a median household income at $86,794, approximately 1.5 times <br />higher than the national median, $59,039. <br />Households Population <br />Quarter Mile 277 803 <br />Half Mile 664 1,925 <br />Mile 1,275 3,697 <br />Table 1: Households and the population living within <br />1 mile of the COR. <br />In the 2015 U.S. Bureau of Labor <br />Statistics Consumer Expenditure survey results, <br />shown here in Figure 2, suggest that <br />households led by Millennials (age 20-35) are <br />the least frugal when it comes to the percent of <br />total expenditures spent on food away from <br />Annual Expenditures 1101"'etl" <br />1111 Fd:wrccearn Home <br />Dollar Amount ($) Percentage of Total (%) <br />8.62% <br />7500 <br />5000 <br />7.11% <br />5.77% <br />3.74% <br />Figure 2. Food based expenditures by <br />consumer unit of different age groups <br />(left) and percentage of the total annual <br />expenditures that was spent on food <br />(right). <br />5 Community Profile - Nowthen. https://stats.metc.state.mn.us/profile/detail.aspx?c=02437910 <br />6 Community Profile - Ramsey. https://stats.metc.state.mn.us/profile/detail.aspx?c=02396311 <br />Community Profile - St. Francis. https://stats.metc.state.mn.us/profile/detail.aspx?c=02396487 <br />8 Community Profile - Oak Grove. https://stats.metc.state.mn.us/profile/detail.aspx?c=02395282 <br />9 Community Profile - Andover. https://stats.metc.state.mn.us/profile/detail.aspx?c=02393954 <br />1° Community Profile - Anoka. https://stats.metc.state.mn.us/profile/detail.aspx?c=02393964 <br />11 Community Profile - Coon Rapids. https://stats.metc.state.mn.us/profile/detail.aspx?c=02393628 <br />12 Community Profile - Anoka County. https://stats.metc.state.mn.us/profile/detail.aspx?c=003 <br />4 <br />