DEPARTMENT: Office of Performance and Analysis (OPA)
FILE TYPE: Regular Information
TITLE
title
Discussion Of Updated Demographic-Economic Trends And Forecast
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PURPOSE/ACTION REQUESTED
Discuss the updated Demographic-Economic Trends and Forecast utilized for Dakota County's Community Indicators.
SUMMARY
On February 6, 2024, the Office of Performance and Analysis (OPA) provided the Board with an overview of Dakota County demographic and economic trends related to the County's Community Indicators. Since that time, updated information has been released that impacts some Community Indicators, including U.S. Census Bureau American Community Survey (ACS) data, which was released in mid-September. This presentation will provide an overview of that updated information.
Dakota County maintains information related to 26 Community Indicators and Performance Measures on the County's public website (located at www.co.dakota.mn.us under "Government," "Performance & Analysis," "Community Indicators"). These Community Indicators provide insight into the state of Dakota County and information that can inform discussions and decision making.
Information that will be covered during the OPA presentation includes the following:
* Population Characteristics
o Population projections
o Components of population change, including population movement into the County
o Population changes for cities and townships
* Housing
o Median home sale price
o Median household income, cost of living, and rental pricing
o Households burdened by housing costs
o Homeownership
* Socio-Economic Indicators
o Jobs, wages, and unemployment
o Labor force participation rates
o Poverty
o Education
o Health Uninsurance
This presentation will allow for discussion of those updated Dakota County demographics and projections.
RECOMMENDATION
recommendation
Information only; no action requested.
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EXPLANATION OF FISCAL/FTE IMPACTS
? None ? Current budget ? Other ...
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