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<br />The following tables describe the income levels of current households in Lino Lakes. As shown
<br />in Table 5 -15, 7 percent of households in Lino Lakes make less than $25,000 a year, 26 percent
<br />make between $25,000 and $60,000, and 67 percent make more than $60,000 a year.
<br />Table 5 -15: Household Income
<br />Income
<br />Households
<br />Percentage
<br />Less than $10,000
<br />74
<br />1.5%
<br />$10,000 to $14,999
<br />100
<br />2.1%
<br />$15,000 to $19,999
<br />99
<br />2.1%
<br />$20,000 to $24,999
<br />63
<br />1.3%
<br />$25,000 to $29,999
<br />100
<br />2.1%
<br />$30,000 to $34,999
<br />135
<br />2.8%
<br />$35,000 to $39,999
<br />154
<br />3.2%
<br />$40,000 to $44,999
<br />199
<br />4.1%
<br />$45,000 to $49,999
<br />141
<br />2.9%
<br />$50,000 to $59,999
<br />533
<br />11.1%
<br />$60,000 to $74,999
<br />766
<br />15.9%
<br />$75,000 to $99,999
<br />1,125
<br />23.4%
<br />$100,000 to $124,999
<br />598
<br />12.4%
<br />$125,000 to $149,999
<br />295
<br />6.1%
<br />$150,000 to $199,999
<br />211
<br />4.4%
<br />$200,000 or more
<br />215
<br />4.5%
<br />Total
<br />4,808
<br />100%
<br />As shown in Table 5 -16, the median household income in Lino Lakes is $75,708 which is 123
<br />percent of the Anoka County median, 139 percent of the Twin Cities Metropolitan Area median,
<br />and 161 percent of the state median.
<br />Table 5 -16: City, County, and State Median Household Income
<br />Income
<br />Lino
<br />Lakes
<br />Anoka
<br />County
<br />% of
<br />County
<br />State
<br />of MN
<br />Twin
<br />Cities
<br />% of
<br />TC
<br />% of
<br />State
<br />Median income
<br />$75,708
<br />$61,634
<br />122.8
<br />$47,111
<br />$54,304
<br />139.4%
<br />160.7%
<br />Economic Development Advantages
<br />Lino Lakes has locational advantages that it has capitalized on in its recent economic
<br />development efforts. The first is the city's superior access, with interchanges on two interstate
<br />highways and large amounts of commercial, industrial and mixed use guided land with access to
<br />municipal services in close proximity to each of those access points.
<br />The second primary advantage is the natural environment. Lino Lakes was established in an area
<br />of significant natural resources and capitalizing on that natural resource is a significant
<br />competitive advantage that can not be replicated by other communities that do not have similar
<br />natural resources. The Rice Creek Chain of Lakes Regional Park Reserve sits in the center of the
<br />community which creates opportunity and a geographic constraint. The city has attempted to
<br />capitalize on the opportunity by locating Town Center, a mixed use, traditional neighborhood
<br />design project, in the strategic location between the I -35W interchange and the regional park.
<br />By choosing this location, design concept and mix of uses, the city has carefully integrated the
<br />natural resource with the uses driven by the interstate highway traffic and created a high
<br />5 -15
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