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<br />DEMOGRAPHIC ANALYSIS
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<br />TABLE 5
<br />HOUSEHOLD INCOME BY AGE OF HOUSEHOLDER
<br />ARDEN HILLS
<br />(Number of Households)
<br />2012
<br />
<br />
<br /> 157 17 17 5 35 43
<br />$15,000 to $24.999 174 22 4 19 29 29 56
<br />$25,000 to $34.999 186 28 4 23 50 37 34
<br />$35,000 to $49,999 492 79 27 51 136 97 66
<br />$50,000 to $74,999 794 145 73 146 169 113 ]33
<br />$75,000 to $99,999 552 84 58 122 167 72 46
<br />$100,000 to $]50,000 742 101 ]07 24] 174 78 40
<br />$150,000+ 804 80 ]24 274 257 56 12
<br />Total 3,900 549 414 894 987 517 430
<br />Median Income $81,650 533,333 $73,424 $I1U64 5114.141 $90,602 563,306 553.096
<br />~1l1i
<br />Less than $15,000 6,857 584 800 618 949 856 ].]44 1.906
<br />$15,000 to $24,999 8.471 542 967 677 794 866 1.805 2,820
<br />$25,000 to $34,999 9,712 668 1,244 1.030 ].113 ].380 1,915 2,362
<br />$35,000 to $49,999 ]7.570 1.155 2,994 2,820 2.577 2,980 3.105 1.938
<br />$50,000 to $74.999 27.246 1,442 5,041 5,040 5.579 5.]35 3.296 1,713
<br />$75,000 to $99.999 21.525 7] 1 3,617 4.595 5,420 4,695 1,730 757
<br />$100,000 to $149,999 24.079 412 3,327 5.348 7,332 5.393 1.666 601
<br />$150,000+ 13,440 92 1,057 2.664 4,798 3.648 814 366
<br />Total 128,900 5,606 19,048 22,791 28,562 24,954 15,475 12,463
<br />Median Income 570.040 548,106 $67.449 581.589 $90.081 581,705 548.884 $0
<br />Less than $15,000 6.862 615 8]0 635 966 861 1,]79 1,796
<br />$]5,000 to $24.999 8.645 557 989 680 8]3 895 1,834 2.876
<br />$25,000 to $34,999 9,898 679 ],272 1.034 L137 1.430 1.95] 2.396
<br />$35,000 to $49,999 18,062 1,190 3,074 2.847 2.628 3.117 3,202 2.004
<br />$50,000 to $74.999 28,040 1,457 5,186 5.] 13 5.725 5,304 3,409 1,846
<br />$75.000 to $99,999 22.076 714 3,701 4,653 5.541 4,862 1,802 803
<br />$100,000 to $]50,000 24.82] 412 3,428 5.455 7,573 5.567 ],744 641
<br />$150,000+ 14,244 92 1.137 2.788 5.072 3.905 870 379
<br />Total 132,647 5,715 19,597 23,205 29,456 25,942 15,993 12,741
<br />Median Income $70.379 $47,694 $67,616 $81.951 590.606 $82,010 $49,20] $31,087
<br />Note: Projections for income distribution are only calculated out to 2012 by Claritas Tnc.
<br />Sources: Claritas, Inc.; Maxfield Research Joc.
<br />~ Most Arden Hills residents will continne to live in their single-family homes, but
<br /> households ages 55 to 64 conld represent a market for multifamily housing in the
<br /> TCAAP development. As households become empty nesters, they often opt for for-sale
<br /> townhomes or condominiums, which require less maintenance, allowing them to spend
<br /> more time on other activities. The units that they purchase may often have an equal
<br />MAXFIELD RESEARCH INC. 20
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