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• 4. Demographics, Assumptions and Projections The populaton of Falcon Heights has been relatively stable since 1960, following rapid growth after World War II. A decline in the 1970 and 1980s had reversed by 2000, and the number of residents continues to grow slowly, though the average household size has not increased significantly. The population increase can be attributed to added housing and some turnover in housing from older households to younger families with children. In 2006, the population of Falcon Heights was estimated by the Metropolitan Council to be 2776, an increase of 3.7% above the 2000 U.S. Census count. The number of households was estimated at 2247, a 6.9% increase since 2000. Demographic Trends: Summary • The City's 2006 population included a University of Minnesota population of approximately 1200 in family housing and 505 residents in a dormitory. Residents on campus make up over one fifth the population of Falcon Heights. • The ratio of minority residents in Falcon Heights has continued to increase since 1990 but is lower than that of Ramsey County and of the United States as a whole. However, Falcon Heights has a higher proportion of foreign born residents than the county or U.S. as a whole and a higher proportion of residents who speak a language other than English at home. • The University of Minnesota remains the City's largest emplo er and since th departure of Harvest States and Hewlett Packard, the only employer of significant size. Due to the departure of these large organizations, employment in Falcon Heights has declined since 2000. • The percentage of residents 25 years old or older with a bachelor's degree or higher is about twice as high in Falcon Heights as in Ramsey County in general and significantly higher than the general population of the United States. • Though more economically diverse than in past decades, the City remains somewhat more affluent than the County as a whole and has higher value housing stock. • According the the 2000 Census, the census tract that includes both the University of Minnesota student housing and the affluent University Crrove neighborhood had 19.2% of households living in poverty. The rate in the rest of the City was 1.7%. • Although the proportion of the population aged 65 and over declined slightly in Falcon Heights between 1990 and 2000, the City will almost certainly see the same dramatic increase in this age group expected nation-wide in the next two decades. • Due to the large number of university students in the community, the City is generally younger than the County as a whole (and the nation) and has a higher proportion of renter-occupied housing. • See Appendix A: Falcon Heights Population and Housing Profile for detailed tables. Falcon Heights Comprehensive Plan 2008 Draft -January, 2008 Section I: Background, Page I-11