TABLE: 4.A.1
Population Age Distribution Northeast Community Study Area and Surrounding Areas, NC (2000-2025) Study Area Wake Forest
Raleigh-Cary MSA
2010
2020
2025
2010
2020
2025
2010
2020
2025
154
142
152
2,760
3,436
3,790
82,526
90,702
102,288
0-4 years
144
130
133
3,124
3,854
4,101
85,917
96,370
103,861
5-9 years
126
121
122
2,608
3,668
3,998
81,395
99,205
105,435
10-14 years
237
273
300
3,154
5,619
5,970
151,486
195,575
210,870
15-24 years
292
277
320
3,913
5,897
6,801
165,052
196,993
232,901
25-34 years
ADDITIONAL DEMOGRAPHIC & HOUSING ANALYSIS This section consists of additional analysis of demographic trend and projections to better understand the Northeast Community, its economy, and how the community may evolve over the next 10 years. This section should be used specifically in conjunction with section 1.D under Existing Conditions. 4.A
216
230
215
5,763
7,383
8,255
183,139
199,827
215,591
35-44 years
186
186
208
4,064
6,315
6,645
165,052
195,575
199,854
45-54 years
133
161
155
2,457
5,015
5,451
115,310
168,648
180,971
55-64 years
67
114
127
1,456
3,343
4,205
59,916
109,125
133,761
65-74 years
74
65
88
728
1,393
2,025
30,523
46,768
67,667
75-84 years
45
56
52
303
557
623
11,305
17,007
20,458
85+ years
Total Population
1,678
1,753
1,872
30,331
46,436
51,917 1,130,490 1,417,213 1,573,657
Median Age
31.0
32.4
31.5
34.1
36.0
36.5
34.9
36.4
36.4
Percentage Distribution 0-4 years
9.2%
8.1%
8.1%
9.1%
7.4% 7.3% 7.3% 6.4% 6.5%
Population Age Distribution In terms of median age, the study area (32.4) was much younger than the Town (36.0) and the MSA (36.4) in 2020. The characteristic of a younger population reflects the fact that the age group with the highest population share in the study area is 25-34 years, versus the group with the highest share in the Town and the MSA is aged 35-44. Further, the group aged 15-34, which includes young people in high school through undergraduate and graduate school in some cases, was proportionally larger in the study area (31.4%) than the Town (24.8%) and the MSA (27.7%) in 2020. This may suggest that the study area has attracted more young family households and college student households than the Town, though both geographies are surrounded by colleges and universities. However, the study area has also seen a slightly higher share of the senior population aged at or over 65 (13.4%) than both the Town (11.4%) and the MSA (12.2%) in 2020. In fact, the age cohort of 65-74 has seen the fastest annual growth between 2010 and 2020 at 7.0% among all age groups,
much higher than the MSA (4.5%) though trailing the Town (13.0%). The senior group aged 65+ has also been increasing its population share in all three geographies since 2010, and this is projected to continue through 2025. The group aged 65+ is projected to increase from 11.1% in 2010 to 14.3% in 2025 in the study area, while the comparable projection in the Town is from 8.2% to 13.2% and from 9.0% to 14.1% in the MSA during the same period. This suggests that the area is following a national trend of an aging population, with this trend more prominent in the study area than in either the Town or the MSA. In general, the study area has proportionally more people falling on the two ends of the age spectrum – younger people under 35 and seniors aged 65+ – than the Town and the MSA. This pattern could add pressure to homeownership in the study area, as these two age groups usually have lower household incomes required for home purchases and maintenance compared to more financially established working age groups aged between 35 to 64 years.
8.6%
7.4%
7.1% 10.3%
8.3% 7.9% 7.6% 6.8% 6.6%
5-9 years
7.5%
6.9%
6.5%
8.6%
7.9% 7.7% 7.2% 7.0% 6.7%
10-14 years
14.1% 15.6% 16.0% 10.4% 12.1% 11.5% 13.4% 13.8% 13.4%
15-24 years
17.4% 15.8% 17.1% 12.9% 12.7% 13.1% 14.6% 13.9% 14.8%
25-34 years
12.9% 13.1% 11.5% 19.0% 15.9% 15.9% 16.2% 14.1% 13.7%
35-44 years
11.1% 10.6% 11.1% 13.4% 13.6% 12.8% 14.6% 13.8% 12.7%
45-54 years
7.9%
9.2%
8.3%
8.1% 10.8% 10.5% 10.2% 11.9% 11.5%
55-64 years
4.0%
6.5%
6.8%
4.8%
7.2% 8.1% 5.3% 7.7% 8.5%
65-74 years
4.4%
3.7%
4.7%
2.4%
3.0% 3.9% 2.7% 3.3% 4.3%
75-84 years
2.7%
3.2%
2.8%
1.0%
1.2% 1.2% 1.0% 1.2% 1.3%
85+ years
4
4
FIGURE: 4.A.1
Chapter 4: Appendix
Northeast Community Plan
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95
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