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context for Louisville is show below in Exhibit 5, along with DOLA's population forecast for Boulder
<br />County.
<br />Exhibit 5: Population Forecast, Louisville and Boulder County, 2023-2047
<br />Source: Colorado Department of Local Affairs. ECONorthwest
<br />Louisville 20,499 24,614 4,115 20%
<br />Boulder County 331,429 389,233 57,804 17%
<br />Household Income
<br />As shown in Exhibit 6, the median household income for Louisville is just over $125,000 annually.'
<br />Louisville's median income is lower than Erie and Superior, but higher than Boulder, Lafayette, and
<br />Longmont, and around $33,000 higher than that of Boulder County overall.
<br />Exhibit 6: Household Median Income, Louisville and Comparison Geographies, 2021
<br />Source: ACS 5-Year Data Tables, 2017-2021
<br />$74,902 $83,104 $92,466 $95,033 $125,124 $131,757 $140,409
<br />Boulder Longmont Boulder Lafayette Louisville Superior Erie
<br />County
<br />Exhibit 7 shows the change in median household income from 2011 to 2021. While all cities saw
<br />substantial increases in median income, Louisville saw the greatest increase with a 50% increase
<br />in median income, while Boulder County overall saw an increase of 39%.
<br />Exhibit 7: Change in Median Household Income, Louisville and Comparison Geographies, 2011-2021
<br />Source: ACS 5-Year Data Tables. 2007-2011. 2017-2021
<br />Louisville
<br />$
<br />83,682
<br />$
<br />125,124
<br />50%
<br />Longmont
<br />$
<br />56,278
<br />$
<br />83,104
<br />48%
<br />Boulder County
<br />$
<br />66,479
<br />$
<br />92,466
<br />39%
<br />Boulder
<br />$
<br />54,051
<br />$
<br />74,902
<br />39%
<br />Lafayette
<br />$
<br />69,840
<br />$
<br />95,033
<br />36%
<br />Erie
<br />$
<br />103,698
<br />$
<br />140,409
<br />35%
<br />Superior
<br />$
<br />100,194
<br />$
<br />131,757
<br />32%
<br />Household Income Distribution
<br />Exhibit 8 shows the distribution of household incomes in Louisville and Boulder County. In both
<br />jurisdictions, the largest share of households earns at least $200,000 annually (26% of Louisville
<br />4 The census defines income as, "income received on a regular basis (exclusive of certain money receipts such as
<br />capital gains) before payments for personal income taxes, social security, union dues, Medicare deductions, etc.
<br />Therefore, money income does not reflect the fact that some families receive part of their income in the form of
<br />noncash benefits, such as food stamps, health benefits, subsidized housing."
<br />14
<br />Louisville Housing Plan Part 2: Housing Needs and Market Assessment
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