Laserfiche WebLink
LOC <br />CONS UI.TING <br />Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />2.9 Median Household Income and Income Growth <br />5-Minute Drive Time <br />10-Miute Drive Time <br />15-Minute Drive Time <br />Centerville <br />Estimate <br />Forecast <br />Annual Growth Rate <br />2022 <br />2027 <br />2022-2027 <br />$122,094 <br />$137,884 <br />2.5% <br />$112,780 <br />$124,782 <br />2.0% <br />$102,416 <br />$112,855 <br />2.0% <br />$113,083 <br />$124,081 <br />1.9% <br />Downtown Centerville PMA <br />$104,088 <br />$114,630 <br />1.9% <br />Anoka County <br />$90,273 <br />$102,505 <br />2.6% <br />Minneapolis -St. Paul CBSA <br />$91,714 <br />$105,617 <br />2.9% <br />State of Minnesota <br />$81,851 <br />$94,855 <br />3.0% <br />United States <br />$72,414 <br />$84,445 <br />3.1% <br />Sources: US Census Bureau; ESRI; LOCI Consulting LLC <br />2.10 Median Household Income and Income Growth Chart, 2022 <br />$140,000 3.0% <br />$120,000 2 55% <br />$100,000 <br />2.0% <br />$80,000 <br />1.5% <br />$60,000 <br />$40,000 1.0% <br />$20,000 0.5% <br />$0 0.0% <br />5-Minute Drive Time 10-Miute Drive Time 15-Minute Drive Time Downtown Centerville <br />PMA <br />■2022 Median Household Income A Proj. Growth 2022-2027 (Right Axis) <br />Source: US Census Bureau; ESRI; LOCI Consulting LLC <br />Page 29 <br />