City Council Agenda and Packet 2023 09 26 SP

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Exhibit 17: Household Size by Tenure, Louisville and Boulder County, 2021 Source: ACS 5-Year Data Tables, 2017-2021 L w Renter occupied 38% C0000 Owneroccupied Q Renter occupied 6% tm JOwner occu pied 19% 32% 140 16% 39% 15%A 22% i 29% 8% 34% 28% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ■ 1 person ■ 2 people 3 people 4 or more From 2011 to 2021, the share of renters in one -person households in Louisville decreased by 11%, whereas the share of renters in two -person households increased by 5% and the share of renters in three- and four -member -or -larger households increased by 3% each. In contrast, the distribution of household sizes among owner occupied households remained relatively stable over the time period. This relative increase in renter household size is likely because of the increased cost of renting as a single person household alongside increasing barriers to homeownership for newly formed households. Exhibit 18: Change in Household Size by Tenure, Louisville, 2011-2021 Source: ACS 5-Year Data Tables, 2007-2011, 2017-2021 v 2011 5% a c � 2021 29% 8% 0 am33% _ 21% 28% cw 2011 a 0 O o 2021 19% 34% 19% 28% i 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% a 1 person 2 people 3 people 4 or more Living Arrangement Exhibit 19 shows the distribution of living arrangements for households in Louisville and comparison geographies. The largest share of households are couples living without children (33% of households), likely empty nesters given the increase in the City's median age in recent years. Roughly 32% of households have children living with either one or two parents (25% of households are couples with children, and 7% are single parent households), a slightly higher share of households than the County overall. However, given declining school enrollment rates, it is likely that households with children have older teenage children, rather than elementary or middle school age. ECONorthwest 18 25