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HomeMy WebLinkAboutMemo - Mail Packet - 2/27/2024 - Memorandum From Joanne Cech, Sarah Thomaz, And Sarah Meline Re: Metrics By Council DistrictFinance Administration 215 N. Mason St PO Box 580 Fort Collins, CO 80522 CC: Randy Bailey, Accounting Director MEMORANDUM DATE: February 22, 2024 TO: Mayor and City Councilmembers THROUGH: Kelly DiMartino, City Manager Rupa Venkatesh, Assistant City Manager Travis Storin, Chief Financial Officer FROM: Joanne Cech, Fiscal Recovery Manager Sarah Thomaz, Data Analyst Sarah Meline, Recovery Communications Specialist SUBJECT: Metrics by Council District The attached report provides an updated socioeconomic and demographic overview of Fort Collins and each Council District. This follows an original report provided in September 2023. The purpose of this report is to provide an understanding of the unique profile of Council Districts, specifically how they compare to the demographic makeup of other districts and Fort Collins as a whole. Metrics in the report include population size, income level, educational attainment, rentership rates and poverty rates. Data included in this report is sourced from the 2022 American Community Survey and 2020 Decennial Census. While there is more recent data available at the city level for many of the metrics, there is not more recent reliable data available at the council district level. Updated methodology has been used to produce more accurate district-level data in this report. We hope this report will serve as a valuable tool for your deliberations and decision-making processes when used in conjunction with more recent city-level estimates. Please let us know if you have any questions or feedback. ATTACHMENTS: 1. City of Fort Collins Community Profile DocuSign Envelope ID: 9772BE72-E9F7-4945-947D-0DBA129F860C CITY OF FORT COLLINS COMMUNITY PROFILE 1 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. 1 6 5 2 4 3 City Overview Housing Median Home Value $497,400 Median Gross Rent $1,576 Median Homeowner Costs as a Percentage of Income 20% Median Rental Costs as a Percentage of Income 34.1% Total Housing Units 72,690 Total Number of Households 69,953 Percent Renter-Occupied 48.3% Education Percent Enrolled in College 20.3% Percent College Educated4,5 58.3% Percent holding High School Diploma or GED only5 11.0% Percent with a Masters or higher5 24.7% Percent with a PhD or Professional Degree5 6.7% Economic Data Labor Force Participation Rate6 72.5% Percent in Poverty 15.4% Median Household Income $78,977 Demographic Data Total Population1 170,300 Percent Minority2 23% Percent Hispanic/Latino 12% Median Age 36 Percent Spanish-Only Speakers3 0.7% Percent of Households with a Disability 19% Racial/Ethcnic Mix <1% 1% 1% 2% 3% 10% 13% 21% 87% Hawaiian/Pacific Islander Black Native/Indigenous Additional Races Asian Two or More Races Hispanic/Latino Minority White 2 NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. CITY OF FORT COLLINS COMMUNITY PROFILE 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work Summary Demographic Data Fort Collins District 1 District 2 District 3 District 4 District 5 District 6 Total Population1 170,300 28,800 28,100 27,400 29,600 29,000 27,300 Percent Minority2 23%24%23%22%20%24%25% Percent Hispanic/Latino 12%14%14%9%11%12%14% Median Age 36 33 38 40 38 32 33 Percent Spanish-Only Speakers3 0.7%1.3%0.7%0.8%0.1%0.2%0.6% Percent of Households with a Disability 19%20.3%21.5%16.5%19.1%18.5%18.0% Housing Fort Collins District 1 District 2 District 3 District 4 District 5 District 6 Median Home Value $497,400 $508,300 $474,600 $535,400 $460,200 $462,900 $463,000 Median Gross Rent $1,576 $1,639 $1,886 $1,781 $1,735 $1,498 $1,441 Median Homeowner Costs as a Percentage of Income 20.0%22.4%19.9%17.6%20.0%20.5%21.7% Median Rental Costs as a Percentage of Income 34.1%34.2%29.4%29.5%33.3%37.7%35.5% Total Housing Units 72,690 12,068 12,255 8,596 11,806 12,429 11,907 Total Number of Households 69,953 11,474 11,948 8,365 11,502 11,744 11,323 Percent Renter-Occupied 48.3%50.3%45.5%28.9%33.8%66.3%62.9% Education Fort Collins District 1 District 2 District 3 District 4 District 5 District 6 Percent Enrolled in College 20.3%14.4%10.9%7.1%9.5%44.1%34.1% Percent College Educated4,5 58.3%53.9%55.7%63.1%57.3%59.1%56.5% Percent holding High School Diploma or GED only5 11.0%11.2%10.8%9.1%10.9%11.3%14.9% Percent with a Masters or higher5 24.7%22.2%21.6%29.8%23.9%25.5%22.7% Percent with a PhD or Professional Degree5 6.7%6.1%6.0%9.1%6.4%6.1%6.0% Economic Data Fort Collins District 1 District 2 District 3 District 4 District 5 District 6 Labor Force Participation Rate6 72.5%74.2%76.6%74.4%74.3%66.0%70.3% Percent in Poverty 15.4%14.4%8.2%6.5%9.3%23.4%30.9% Median Household Income $78,977 $82,207 $90,036 $117,100 $86,810 $62,294 $62,917 CITY OF FORT COLLINS COMMUNITY PROFILE 3 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. 1 District 1 Housing Median Home Value $508,300 Median Gross Rent $1,639 Median Homeowner Costs as a Percentage of Income 22.4% Median Rental Costs as a Percentage of Income 34.2% Total Housing Units 12,068 Total Number of Households 11,474 Percent Renter-Occupied 50.3% Education Percent Enrolled in College 14.4% Percent College Educated4,5 53.9% Percent holding High School Diploma or GED only5 11.2% Percent with a Masters or higher5 22.2% Percent with a PhD or Professional Degree5 6.1% Economic Data Labor Force Participation Rate6 74.2% Percent in Poverty 14.4% Median Household Income $82,207 Demographic Data Total Population1 28,800 Percent Minority2 24% Percent Hispanic/Latino 14% Median Age 33 Percent Spanish-Only Speakers3 1.3% Percent of Households with a Disability 20.3% Racial/Ethcnic Mix <1% 1% 2% 3% 4% 10% 14% 24% 81% Hawaiian/Pacific Islander Native/Indigenous Black Asian Additional Races Two or More Races Hispanic/Latino Minority White CITY OF FORT COLLINS COMMUNITY PROFILE 4 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. 2 District 2 Housing Median Home Value $474,600 Median Gross Rent $1,886 Median Homeowner Costs as a Percentage of Income 19.9% Median Rental Costs as a Percentage of Income 29.4% Total Housing Units 12,255 Total Number of Households 11,948 Percent Renter-Occupied 45.5% Education Percent Enrolled in College 10.9% Percent College Educated4,5 55.7% Percent holding High School Diploma or GED only5 10.8% Percent with a Masters or higher5 21.6% Percent with a PhD or Professional Degree5 6.0% Economic Data Labor Force Participation Rate6 76.6% Percent in Poverty 8.2% Median Household Income $90,036 Demographic Data Total Population1 28,100 Percent Minority2 23% Percent Hispanic/Latino 14% Median Age 38 Percent Spanish-Only Speakers3 0.7% 21.5%Percent of Households with a Disability Racial/Ethnic Mix <1% 1% 1% 3% 4% 10% 14% 23% 80% Hawaiian/Pacific Islander Black Native/Indigenous Asian Additional Races Two or More Races Hispanic/Latino Minority White CITY OF FORT COLLINS COMMUNITY PROFILE 5 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. 3 District 3 Housing Median Home Value $535,400 Median Gross Rent $1,781 Median Homeowner Costs as a Percentage of Income 17.6% Median Rental Costs as a Percentage of Income 29.5% Total Housing Units 8,596 Total Number of Households 8,365 Percent Renter-Occupied 28.9% Education Percent Enrolled in College 7.1% Percent College Educated4,5 63.1% Percent holding High School Diploma or GED only5 9.1% Percent with a Masters or higher5 29.8% Percent with a PhD or Professional Degree5 9.1% Economic Data Labor Force Participation Rate6 74.4% Percent in Poverty 6.5% Median Household Income $117,100 Demographic Data Total Population1 27,400 Percent Minority2 22% Percent Hispanic/Latino 9% Median Age 40 Percent Spanish-Only Speakers3 0.8% 16.5%Percent of Households with a Disability Racial/Ethnic Mix <1% 1% 1% 2% 6% 9% 10% 22% 80% Hawaiian/Pacific Islander Black Native/Indigenous Additional Races Asian Hispanic/Latino Two or More Races Minority White CITY OF FORT COLLINS COMMUNITY PROFILE 6 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. 4 District 4 Housing Median Home Value $460,200 Median Gross Rent $1,735 Median Homeowner Costs as a Percentage of Income 20.0% Median Rental Costs as a Percentage of Income 33.3% Total Housing Units 11,806 Total Number of Households 11,502 Percent Renter-Occupied 33.8% Education Percent Enrolled in College 9.5% Percent College Educated4,5 57.3% Percent holding High School Diploma or GED only5 10.9% Percent with a Masters or higher5 23.9% Percent with a PhD or Professional Degree5 6.4% Economic Data Labor Force Participation Rate6 74.3% Percent in Poverty 9.3% Median Household Income $86,810 Demographic Data Total Population1 29,600 Percent Minority2 20% Percent Hispanic/Latino 11% Median Age 38 Percent Spanish-Only Speakers3 0.1% 19.1%Percent of Households with a Disability Racial/Ethnic Mix <1% 1% 1% 2% 3% 9% 11% 20% 83% Hawaiian/Pacific Islander Black Native/Indigenous Asian Additional Races Two or More Races Hispanic/Latino Minority White CITY OF FORT COLLINS COMMUNITY PROFILE 7 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. 5 District 5 Housing Median Home Value $462,900 Median Gross Rent $1,498 Median Homeowner Costs as a Percentage of Income 20.5% Median Rental Costs as a Percentage of Income 37.7% Total Housing Units 12,429 Total Number of Households 11,744 Percent Renter-Occupied 66.3% Education Percent Enrolled in College 44.1% Percent College Educated4,5 59.1% Percent holding High School Diploma or GED only5 11.3% Percent with a Masters or higher5 25.5% Percent with a PhD or Professional Degree5 6.1% Economic Data Labor Force Participation Rate6 66.0% Percent in Poverty 23.4% Median Household Income $62,294 Demographic Data Total Population1 29,000 Percent Minority2 24% Percent Hispanic/Latino 12% Median Age 32 Percent Spanish-Only Speakers3 0.2% 18.5%Percent of Households with a Disability Racial/Ethnic Mix <1% 1% 2% 3% 4% 9% 12% 24% 81% Hawaiian/Pacific Islander Native/Indigenous Black Additional Races Asian Two or More Races Hispanic/Latino Minority White CITY OF FORT COLLINS COMMUNITY PROFILE 8 1 City-level values are rounded to the nearest thousand, and district-level values are rounded to the nearest hundred 2 “ Minority” is de ned as individuals who self-identify as non-white or Hispanic/Latino 3 This value consists of Spanish-speaking individuals who identify their ability to speak English as “less than well” 4 Residents with an undergraduate degree or higher 5 Of residents ages 25 and over 6 The percentage of civilian non-institutional population 16 years and older that is working or actively looking for work NOTE: Data included in this report is sourced from the 2020 Decennial Census and 2022 American Community Survey. Because these values are estimates, district-level values may not add up exactly to City-level values. 6 District 6 Housing Median Home Value $463,000 Median Gross Rent $1,441 Median Homeowner Costs as a Percentage of Income 21.7% Median Rental Costs as a Percentage of Income 35.5% Total Housing Units 11,907 Total Number of Households 11,323 Percent Renter-Occupied 62.9% Education Percent Enrolled in College 34.1% Percent College Educated4,5 56.5% Percent holding High School Diploma or GED only5 14.9% Percent with a Masters or higher5 22.7% Percent with a PhD or Professional Degree5 6.0% Economic Data Labor Force Participation Rate6 70.3% Percent in Poverty 30.9% Median Household Income $62,917 Demographic Data Total Population1 27,300 Percent Minority2 25% Percent Hispanic/Latino 14% Median Age 33 Percent Spanish-Only Speakers3 0.6% 18.0%Percent of Households with a Disability Racial/Ethnic Mix <1% 1% 2% 4% 5% 9% 14% 25% 79% Hawaiian/Pacific Islander Native/Indigenous Black Asian Additional Races Two or More Races Hispanic/Latino Minority White 24-26001