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DEMOGRAPHIC ANALYSIS
<br />TABLE D-4
<br />NET WORTH BY AGE OF HOUSEHOLDER
<br />RAMSEY ANALYSIS AREA
<br />2019
<br />Age of Householder
<br />Total Under 25
<br />25-34
<br />35-44
<br />45-54
<br />55-64
<br />65 -74
<br />75+
<br />City of Ramsey
<br />Less than $15,000
<br />$15,000 to $34,999
<br />$35,000 to $49,999
<br />$50,000 to $99,999
<br />$100,000 to $149,999
<br />$150,000 to $249,999
<br />$250,000 or more
<br />Subtotal 9,512
<br />Median Net Worth $305,403
<br />Average Net Worth $1,093,026
<br />442
<br />317
<br />222
<br />961
<br />850
<br />1,298
<br />5,422
<br />37 129 100
<br />33 130 77
<br />32 64 64
<br />51 404 245
<br />24 306 205
<br />17 307 333
<br />8 308 917
<br />71
<br />33
<br />30
<br />115
<br />123
<br />316
<br />1,432
<br />56
<br />22
<br />20
<br />69
<br />87
<br />191
<br />1,488
<br />38
<br />18
<br />8
<br />49
<br />78
<br />92
<br />969
<br />12
<br />4
<br />3
<br />30
<br />26
<br />42
<br />300
<br />202 1,648 1,942 2,119 1,932 1,252 417
<br />$50,653 $114,070 $232,139 $255,001 $255,001 $255,001 $255,001
<br />$88,523 $194,000 $517,340 $1,273,409 $1,946,629 $1,638,367 $1,304,335
<br />Anoka County
<br />Less than $15,000 16,792 1,551 4,305 3,200 2,812 2,217 1,525 1,181
<br />$15,000 to $34,999 7,019 522 2,071 1,507 1,127 747 687 358
<br />$35,000 to $49,999 4,051 297 919 931 672 665 378 188
<br />$50,000 to $99,999 13,489 522 4,375 3,168 1,784 1,409 1,181 1,051
<br />$100,000 to $149,999 11,111 191 3,058 2,560 1,792 1,637 1,134 739
<br />$150,000 to $249,999 17,461 85 2,864 3,953 3,976 3,116 2,120 1,347
<br />$250,000 or more 65,374 55 2,830 9,993 16,296 18,164 11,619 6,417
<br />Subtotal 135,297 3,224 20,423 25,312 28,458 27,955 18,645 11,280
<br />Median Net Worth $236,858 $16,642 $78,365 $177,541 $255,001 $255,001 $255,001 $255,001
<br />Average Net Worth $942,474 $47,685 $151,133 $474,415 $1,127,418 $1,614,548 $1,281,111 $989,432
<br />Twin Cities Metro Area
<br />Less than $15,000 247,262 34,134 76,360 44,723 33,754 27,847 16,898 13,545
<br />$15,000 to $34,999 78,377 6,114 25,258 16,517 11,588 8,308 6,515 4,077
<br />$35,000 to $49,999 40,068 2,156 10,781 8,936 6,073 6,425 3,605 2,092
<br />$50,000 to $99,999 116,598 3,776 33,353 29,113 15,582 12,805 10,695 11,274
<br />$100,000 to $149,999 86,591 1,283 19,746 19,415 14,822 14,405 9,430 7,490
<br />$150,000 to $249,999 127,914 995 19,308 26,340 27,837 24,184 17,346 11,904
<br />$250,000 or more 538,167 856 25,223 80,220 122,994 145,749 96,569 66,556
<br />Total 1,234,977 49,314 210,028 225,265 232,651 239,724 161,057 116,938
<br />Median Net Worth $183,442 $11,052 $39,787 $133,779 $255,001 $255,001 $255,001 $255,001
<br />Average Net Worth $960,630 $34,517 $128,618 $484,967 $1,177,500 $1,719,879 $1,396,231 $1,173,945
<br />Sources: ESRI; Maxfield Research & Consulting, LLC
<br />Tenure by Household Income
<br />Table D-5 shows household tenure by income for Ramsey in 2017. Data is an estimate from the
<br />American Community Survey. Household tenure information is important to assess the propen-
<br />sity for owner -occupied or renter -occupied housing options based on household affordability.
<br />As stated earlier, the Department of Housing and Urban Development determines affordable
<br />housing as not exceeding 30% of the household's income. The higher the income, the lower
<br />percentage a household typically allocates to housing. Many lower income households, as well
<br />MAXFIELD RESEARCH AND CONSULTING
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