Agenda Packets - 1993/07/26 - Laserfiche WebLink

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N 1 1 1 1 1 1 1 1• ECONOMIC STATUS Mounds View Market Area Trends in Household Income City 1979 Household Income Mounds View Blaine Spring Park Fridley New Brighton Arden Hills Shoreview Lexington Circle Pines Coon Rapids Brooklyn Park Brooklyn Center Minneapolis Roseville Little Canada Vadnais Heights North Oaks Lino Lakes $36,607 40,211 28,028 38,297 41,283 46,635 44,375 30,931 42,772 41,955 37,140 37,345 24,052 41,964 32,608 36,956 89,306 39,579 1989 Household Percent Income Change $37,717 40,404 30,031 36,855 40,324 56,050 48,828 30,806 45,233 42,069 40,018 34,168 25,324 37,862 34,015 43,929 114,470 45,578 1.39 0.48 7.15 - 3.76 - 2.32 20.19 10.03 -0.40 5.75 0.27 7.75 -8.51 5.29 -9.77 4.31 18.87 28.18 15.16 Source: U.S. Census The seven -county Twin Cities Metropolitan Area has 192 cities and townships. The median household income in this area is $40,739, which is $3,022 higher than Mounds View. Mounds View ranks 126th out of the 192 cities and townships in household income. Five of the seven cities (for which 50 percent or more of their land area falls) in the Primary Market (3 miles) report household incomes lower than the metro area average, the exceptions being Arden Hills and Shoreview. Ten of the 18 communities which fall in whole or in part within a six -mile radius of the proposed golf facility report household incomes higher than the metro average. The proposed golf facilities are not designed nor intended to address the high -end, upscale sector of the golf market, and EGCS feels that the nature of the golf facility is well - positioned, given the economic status of residents in the market area. 10