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The demographics of an area is crucial to developing smart business strategies. <br />Based on the CDA map, we used the 2010 U.S. Census data and identified that the <br />CDA has a total household of 22,698. Based on the community profiles published by the <br />Metropolitan Council5,6,7,8,9,10,11,12 the CDA area overall is forecasted to have a <br />continuous increase of population and households through 2040. More specifically, <br />population surrounding Ramsey will grow by 5.2% by 2021. At the time of this study, <br />there are 3,697 people living within 1 mile from the COR (Tim Gladhill, 20% margin of <br />error; Table 1). At the COR, there are also over 200 residential units under <br />development and approximately 30% of planned residential district remain <br />undeveloped. As the COR is continuously being developed, this number is expected to <br />grow significantly in the future. The median age of Ramsey's residents is 34.9 and the <br />median household income level ($86,794) is approximately 1.5x of the national level <br />($59,039). <br />Quarter Mile <br />Half Mile <br />Mile <br />Households <br />277 <br />664 <br />1,275 <br />Population <br />803 <br />1,925 <br />3,697 <br />Table 1: Households and the population living <br />within 1 mile of the COR. <br />In 2015, the U.S. Bureau of Labor <br />Statistics (BLS) conducted a consumer <br />expenditure survey13 and the results suggest <br />that households led by Millennials (age 20-35) <br />are more frugal when it comes to percent of <br />total expenditures on food away from home. <br />Annual Expenditures ,FFood codatHorz <br />� away from Home <br />Dollar Amount ($) Percentage of Total (%) <br />8.62% <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 <br />annual expenditures that was spent <br />on food (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 />13 U.S. Bureau of Labor Statistics. Consumer Expenditures in 2015. <br />https://www.bls.gov/opub/reports/consumer-expenditures/2015/home.htm#_edn1 <br />4 <br />