Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

423 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $1,710

Average Rent as Percentage of Gross Income

Median rent for 2018: $992

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $73,862
--Home Prepared Food $41,621
--Restaurant/Takeaway Food $32,241
Alcoholic Beverages $5,422
Housing $187,220
--Rent/Mortgage/Upkeep/Taxes $109,474
--Utilities $37,737
--Operations $14,216
--Supplies $6,961
--Furnishings $18,905
Apparel $17,366
--Men & Boys $3,884
--Women & Girls $7,034
--Children < 2 $73
--Footwear $3,664
Transportation $90,936
--New Vehicles $17,000
--Used Vehicles $19,418
--Fuel $19,638
--Insurance $9,086
--Public Transit $7,621
Healthcare $46,310
Entertainment $30,043
--Pets $6,155
--Toys $1,466
Personal Care Products $7,181
Books & Literature $1,026
Education $13,116
Tobacco Products $3,224
Miscellaneous $9,233
Retirement $17,586
Non-health Insurance $68,000
Total Expenditures $570,527

Selected Population Data

Period Geography Population
2014 Elk River city, Minnesota 23,346
2015 Elk River city, Minnesota 23,563
2016 Elk River city, Minnesota 23,743
2017 Elk River city, Minnesota 23,924
2018 Elk River city, Minnesota 24,211