Laserfiche WebLink
EMPLOYMENT TRENDS <br />Employment Trends <br />Since employment growth generally fuels household growth, employment trends are a reliable <br />indicator of housing demand. Typically, households prefer to live near work for convenience. <br />However, housing is often less expensive in smaller towns, making commuting from outlying <br />communities to work in larger employment centers attractive for households concerned about <br />housing affordability. <br />Employment Growth and Projections <br />Table E-1 shows projected employment growth in Ramsey, Anoka County, and the Twin Cities <br />Metro Area. Table E-1 shows employment growth trends and projections from 2000 to 2040 <br />based on the most recent Metropolitan Council employment outlook projections. <br />TABLE E-1 <br />EMPLOYMENT GROWTH TRENDS AND PROJECTIONS <br />RAMSEY ANALYSIS AREA <br />2000-2040 <br />Employment <br />Change <br />Actual <br />City of Ramsey 4,008 4,779 6,758 6,900 <br />Anoka County 110,091 106,500 123,197 127,160 <br />Twin Cities Metro Area 1,607,916 1,544,613 1,737,584 1,828,000 <br />'Note: Twin Cities Metro represents the Seven -County planning region <br />'Sources: Metropolitan Council; Maxfield Research & Consulting, LLC <br />Forecast <br />2030 <br />2040 <br />I I <br />2000-2010 <br />No. <br />I I <br />2010-2020 II 2020-2030 <br />Pct. No. <br />Pct. <br />No. <br />Pct., <br />7,500 8,100 771 19.2% 2,121 44.4% 600 8.7% <br />136,600 145,920 -3,591 -3.3% 20,660 19.4% 9,440 7.4% <br />1,910,000 2,039,000 -63,303 -3.9% 283,387 18.3% 82,000 4.5% <br />• There was an estimated total of 6,758 jobs in Ramsey in 2017, which was 5.5% of the Anoka <br />County total (123,197 jobs). <br />• The number of jobs in Ramsey is projected to grow by 2,121 jobs from 2010 through 2020 <br />(44.4%). This projection is significantly higher than what is expected for Anoka County <br />(19.4%) and the Twin Cities Metro Area (18.3%). Between 2010 and 2017 it is estimated <br />that Ramsey added 1,979 jobs. Job creation in Ramsey continues to grow, making Ramsey <br />more appealing for housing. <br />• Ramsey's employment is anticipated to increase by 8.7% between 2020 and 2030, while <br />Anoka County's employment is forecast to increase 7.4%. Growth in the Metro Area during <br />this time period is forecast to be more modest (4.5%). <br />MAXFIELD RESEARCH AND CONSULTING 48 <br />