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WARREN & ASSOCIATES <br />WIN 6 <br />In this section, Planning Area demographic trends are analyzed and compared to Cabarrus <br />County and the Charlotte MSA (Map 3). The Charlotte MSA includes Anson, Cabarrus, Gaston, <br />Mecklenburg, Union and York counties. <br />3.1 Population <br />The Planning Area contains an estimated 17,696 residents. The 7,247 new residents between <br />2000 and 2009 equated to a growth rate of 69.8% (Table 1). Cabarrus County and the Charlotte <br />MSA grew at slower rates of 32.3% and 30.8% during the same period. The Study Area <br />captured 17.2% of the population growth in Cabarrus County between 2000 and 2009. The <br />Planning Area experienced a compound annual growth rate (CAGR) of 6.2 %, approximately <br />twice the rates for Cabarrus County and the Charlotte MSA. <br />Table 1: <br />Planning Area <br />Cabarrus County <br />Charlotte MSA <br />Source: ESRI <br />10,422 17,696 <br />131,063 173,392 <br />1,330,448 1,740,257 <br />2000 -2009 <br />7,274 69.8% 6.1% <br />42,329 32.3% 3.2% <br />09,809 30.8% 3.0% <br />Table 2 demonstrates Planning Area population change between 2000 and 2009 by age cohort. <br />While residents aged 45 to 54 represent the largest cohort in 2009, the 55 to 64 group increased <br />134.4% in nine years. These two cohorts represent individuals in the prime earning years, which <br />aid in boosting move -up housing demand and retail spending potential. The 35 to 44 age cohort, <br />representing young families, experienced the slowest growth rate of 26.9 %. <br />Table 2: Population Trends by Age <br />Cohort, Planning Area, 2000 -2009 <br />0 -9 <br />1,605 <br />2,354 <br />749 <br />46.6% <br />10 -19 <br />1,553 <br />2,761 <br />1,208 <br />77.8% <br />20 -34 <br />1,605 <br />2,531 <br />926 <br />57.7% <br />35-44 <br />2,189 <br />2,778 <br />590 <br />26.9% <br />45 -54 <br />1,751 <br />3,362 <br />1,611 <br />92.0% <br />55 -64 <br />959 <br />2,247 <br />1,289 <br />134.4% <br />65 -74 <br />459 <br />1,044 <br />585 <br />127.7% <br />75 -84 <br />240 <br />460 <br />220 <br />91.9% <br />85+ <br />63 <br />159 <br />97 <br />154.7% <br />Source: ESRI <br />March 2010 APPENDIX D: HALUP MARKET ANALYSIS 7 <br />AUGUST 2010 <br />Attachment number 2 <br />G -1 Page 416 <br />