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Demographic Analysis of Elk River, Minnesota: A Study of Racial Composition from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Elk River, Minnesota, exhibits a demographic profile categorized as "Low Diversity". As of 2022, the white population comprises 87% of the total. The city's median income was $92,066 in 2022, indicating a relatively affluent community compared to national averages.
Over the past decade, Elk River has maintained its "Low Diversity" status, with the white population consistently representing over 75% of the total. The white population decreased from 93% in 2013 to 87% in 2022. Black and Hispanic populations both increased from 1% in 2013 to 3% each in 2022. The "Two or More Races" category grew from 1% in 2013 to 4% in 2022. These changes suggest Elk River may be in the early stages of becoming a "Transitional Community".
The median income in Elk River has fluctuated over the past decade. It peaked at $97,932 in 2019 and declined to $92,066 in 2022. Despite this recent decline, the overall trend shows an increase from $83,371 in 2013, indicating general economic growth. The population increased from 29,165 in 2013 to 32,156 in 2022, suggesting continued attractiveness to new residents.
Elk River's demographic shifts align with broader national trends of increasing diversity in suburban areas. The city's median income remains well above the national median, indicating a relatively prosperous community despite recent slight declines.
Based on observed trends, Elk River is likely to continue its gradual transition towards greater diversity. It may remain in the "Low Diversity" category in the near term but could potentially shift to a "Moderate Diversity" classification within the next decade if current trends persist.
Economically, the recent downward trend in median income warrants attention. However, given the overall growth over the past decade and the continuing population increase, Elk River will likely maintain its economic stability, potentially rebounding from the recent dip in median income.
The city appears poised for continued growth and gradual diversification, potentially leading to a more multicultural community profile in the coming years. This transition may bring both opportunities and challenges as the community adapts to changing demographics while striving to maintain its economic prosperity.
