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She also noted that over the last 10 years, across both the metro and the nation, there has been growth -in -resident diversity. Mounds View's population is 19 percent non-white, compared to 9 - percent from the 2000 census, which is similar to Fridley and slightly higher when compared to cities such as New Brighton, Shoreview and St. Louis Park. Becoming a "global economic society" will likely continue, and cities will need to accommodate that change and the changing workforce, Bennett said. In Mounds View, 62 percent of households are homeowners and 38 percent are renters. Fifty- five percent of households are single-family, detached homes; 26 percent is rental apartments and 8 percent is multi -family housing. Bennett said on the surface, that data overall seems to be a fairly well balanced distribution of housing types that provide a variety of options. However, with other cities that have been studied, typically younger age groups are growing as well, instead of declining, like in Mounds View. The younger population leaving could be an indication that there is older apartment housing stock that may not have amenities the younger age group is looking for, such as movie rooms, pools, workout facilities, and nearby connections to restaurants and parks. Bennett said most of Mounds View's housing stock is older, and the Generation Y population and baby boomers are likely going to want smaller living spaces that are closer to amenities. She said the city could look at where in Mounds View there are additional opportunities to provide that type of housing, or if existing housing stock could be renovated and preserved to accommodate younger households, baby boomers and people as they age. From 2004 to 2010, about 1,600 residents moved from Mounds View, with 16 percent of those moves within the city. Bennett said typical retention rates are more than 20 percent, with a high retention rate up to 35 percent. Communities that have both older housing stock and opportunities for growth housing tend to have higher retention rates. During that same time period, about 1,800 residents moved to Mounds View, with 17 percent of those moves within the city. Job opportunities play a factor when it comes to housing, and Mounds View had significant job growth between 2005 and 2010, most likely because of Medtronic, Bennett said. About 4 percent live and work in Mounds View, so the city could look at ways to work with employers to understand the housing needs of their employees, she said. Typically, it's 11-15 percent for residents who live and work in the same city. Council comments Mayor Flaherty said he fully expects the percentage of people who live and work in Mounds View to increase to 11 percent. As the economy recovers and people are more comfortable with their jobs, they'll move to where they work. "Most of our housing stock was built prior to 1960, and Medtronic affords to pay their employees with a very decent living wage," Councilmember Mueller said. "Frankly, most of our housing stock is beneath the standard that those employees would want." Page 26