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Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />2.9Median Household Income and Income Growth <br />EstimateForecastAnnual Growth Rate <br />202220272022-2027 <br />5-Minute Drive Time$122,094$137,8842.5% <br />10-Miute Drive Time$112,780$124,7822.0% <br />15-Minute Drive Time$102,416$112,8552.0% <br /> Centerville$113,083$124,0811.9% <br />Downtown Centerville PMA$104,088$114,6301.9% <br />Anoka County$90,273$102,5052.6% <br />Minneapolis-St. Paul CBSA$91,714$105,6172.9% <br />State of Minnesota$81,851$94,8553.0% <br />United States$72,414$84,4453.1% <br />Sources: US Census Bureau; ESRI; LOCi Consulting LLC <br />2.10Median Household Income and Income Growth Chart, 2022 <br />$140,0003.0% <br />$120,000 <br />2.5% <br />$100,000 <br />2.0% <br />$80,000 <br />1.5% <br />$60,000 <br />1.0% <br />$40,000 <br />0.5% <br />$20,000 <br />$00.0% <br />5-Minute Drive Time10-Miute Drive Time15-Minute Drive TimeDowntown Centerville <br />PMA <br />2022 Median Household IncomeProj. Growth 2022-2027 (Right Axis) <br />Source: US Census Bureau; ESRI; LOCi Consulting LLC <br /> <br /> <br />Page | 29 <br /> <br />