City Council Agenda and Packet 2023 09 26 SP

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Exhibit 7 shows the distribution of age groups. Louisville has the highest share of residents aged 45 to 64 years old (32% of the population), and the lowest share of residents aged 25 to 44 (24%) when looking at comparison geographies. Exhibit 7: Age Distribution, Louisville and Comparison Geographies, 2021 Source: ACS 5-Year Data Tables, 2017-2021 Superior Longmont Lafayette Erie Boulder Boulder County Louisville 5% 29% 28% P 9% 24% � 6% 28% 26% ML16% 25% 5% 29% 28% jr 14% 33% 4% 29% 26% - 22% 210/D 27% A 19% - 23% 10% 27% 26% - - 4% 24% 32% - 0% 10% 20% ■ Under 19 years From 2011 to 2021, the share of all age groups under 65 years decreased in Louisville. Of these age groups, the share of residents aged 25 to 44 dropped the most, from 27% to 24% over the time period. Alternatively, the share of residents over the age of 65 increased by 5%. Age distribution trends are similar for the County overall, with a slightly larger decrease in the number of children (3%) than in Louisville (1%). 30% 40% 50% 60% 70% 80% 90% 100% 20 to 24 25 to 44 45 to 64 Over 65 Exhibit 8: Change in Age Distribution, Louisville and Boulder County, 2011-2021 Source: ACS 5-Year Data Tables, 2007-2011, 2017-2021 2011 m° 0 2021 10%_ 23% 10% 26% 5% 27% 14 27% 26% 33% 10% 15% 9% 2011 J 2021 4% 24% 32% 14% 0% 20% 40% 60% 80% 100% ■ Under 19 years ■ 20 to 24 25 to 44 45 to 64 ■ Over 65 Louisville, like comparison geographies, still has numerous families or households with children residing in the city, as indicated by the number of residents under the age of 19. However, there seems to be a lower influx or retention of younger individuals in Louisville, which is evident in the decline of all age groups below 65. This trend can potentially be attributed to the increasing housing costs, making it more challenging for younger people to afford housing in Louisville. This pattern is also consistent in increasingly high cost Western ECONorthwest 12 19