|
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
<br />442
<br />317
<br />222
<br />961
<br />850
<br />1,298
<br />5,422
<br />9,512
<br />Median Net Worth $305,403
<br />Average Net Worth $1,093,026
<br />37
<br />33
<br />32
<br />51
<br />24
<br />17
<br />8
<br />202
<br />129
<br />130
<br />64
<br />404
<br />306
<br />307
<br />308
<br />1,648
<br />100
<br />77
<br />64
<br />245
<br />205
<br />333
<br />917
<br />1,942
<br />71
<br />33
<br />30
<br />115
<br />123
<br />316
<br />1,432
<br />2,119
<br />$50,653 $114,070 $232,139 $255,001
<br />$88,523 $194,000 $517,340 $1,273,409
<br />56
<br />22
<br />20
<br />69
<br />87
<br />191
<br />1,488
<br />1,932
<br />$255,001 $255,001 $255,001
<br />$1,946,629 $1,638,367 $1,304,335
<br />38
<br />18
<br />8
<br />49
<br />78
<br />92
<br />969
<br />1,252
<br />12
<br />4
<br />3
<br />30
<br />26
<br />42
<br />300
<br />417
<br />Anoka County
<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
<br />16,792
<br />7,019
<br />4,051
<br />13,489
<br />11,111
<br />17,461
<br />65,374
<br />135,297
<br />1,551
<br />522
<br />297
<br />522
<br />191
<br />85
<br />55
<br />3,224
<br />4,305
<br />2,071
<br />919
<br />4,375
<br />3,058
<br />2,864
<br />2,830
<br />20,423
<br />3,200
<br />1,507
<br />931
<br />3,168
<br />2,560
<br />3,953
<br />9,993
<br />25,312
<br />2,812
<br />1,127
<br />672
<br />1,784
<br />1,792
<br />3,976
<br />16,296
<br />28,458
<br />Median Net Worth $236,858 $16,642 $78,365 $177,541 $255,001
<br />Average Net Worth $942,474 $47,685 $151,133 $474,415 $1,127,418
<br />2,217
<br />747
<br />665
<br />1,409
<br />1,637
<br />3,116
<br />18,164
<br />27,955
<br />$255,001 $255,001 $255,001
<br />$1,614,548 $1,281,111 $989,432
<br />1,525
<br />687
<br />378
<br />1,181
<br />1,134
<br />2,120
<br />11,619
<br />18,645
<br />1,181
<br />358
<br />188
<br />1,051
<br />739
<br />1,347
<br />6,417
<br />11,280
<br />Twin Cities Metro Area
<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 />Total
<br />247,262
<br />78,377
<br />40,068
<br />116,598
<br />86,591
<br />127,914
<br />538,167
<br />1,234,977
<br />34,134
<br />6,114
<br />2,156
<br />3,776
<br />1,283
<br />995
<br />856
<br />49,314
<br />76,360
<br />25,258
<br />10,781
<br />33,353
<br />19,746
<br />19,308
<br />25,223
<br />210,028
<br />44,723
<br />16,517
<br />8,936
<br />29,113
<br />19,415
<br />26,340
<br />80,220
<br />225,265
<br />33,754
<br />11,588
<br />6,073
<br />15,582
<br />14,822
<br />27,837
<br />122,994
<br />232,651
<br />Median Net Worth $183,442 $11,052 $39,787 $133,779 $255,001
<br />Average Net Worth $960,630 $34,517 $128,618 $484,967 $1,177,500
<br />Sources: ESRI; Maxfield Research & Consulting, LLC
<br />Tenure by Household Income
<br />27,847
<br />8,308
<br />6,425
<br />12,805
<br />14,405
<br />24,184
<br />145,749
<br />239,724
<br />$255,001
<br />$1,719,879
<br />16,898
<br />6,515
<br />3,605
<br />10,695
<br />9,430
<br />17,346
<br />96,569
<br />161,057
<br />$255,001
<br />$1, 396, 231
<br />13,545
<br />4,077
<br />2,092
<br />11,274
<br />7,490
<br />11,904
<br />66,556
<br />116,938
<br />$255,001
<br />$1,173, 945
<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 17
<br />
|