1. Governor’s Task Force on Affordable Housing January 12, 2018
Susan Brower, Minnesota State Demographer
mn.gov/demography

2. Majority of the growth (88%) occurred in 7-county metroPo
Population Change,
Majority of the growth (88%) occurred in 7-county metro
MN grew by 179,000
Hennepin and Ramsey added 98,000 jointly

3. Source: MN State Demographic Center Projections
Explain escalator. Explain how certain we are about our projections.
How will the aging trend impact your work? One of the primary impacts of aging for all of us will be on public budgets.
Source: MN State Demographic Center Projections

4. Yes, Millenials have been slower to buy homes
Source: Tabulated by Minnesota State Demographic Center from Census Bureau data

5. Steady march toward homeownership in the 20s and 30s
Source: U.S. Census Bureau, 2016 American Community Survey

6. Large share of younger and older adults with low incomes (<199% Federal Poverty Threshold)
For a family of four
For a single person
Ratio of Income to Poverty Threshold
Upper
$97,000+
$49,000+
400%+
Middle
$49-$97,000
$24,000-$49,000
200%-399%
Lower
Less than $49,000
Less than $24,000
<199%
11/7/2018

7. Takeaways
Population momentum and international migration = strong growth outlook for the Twin Cities in the years ahead
Uncertainties as Boomers “age” out of larger, family homes and Millennials seek to establish new ones
Youngest adult generation is slowly moving toward homeownership; large generation; will be an increasingly diverse group (preferences for homeownership and economic resources will not be a given)
11/7/2018

8. Twitter: @MN_StateData
Website: mn.gov/demography