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m <br />nain Seniors and housing in the TWin Cities area <br />Please see the full report for imponant context and caveats. <br />NOW IN 2025 <br />a. <br />ough <br />000 <br />rities <br />senior <br />»ing, <br />ical <br />Senior population 239,000 515,860 <br />Percentage of total population 9%18% <br />Life expectancy at age 65 15.8 years for men <br />20.2 years for women <br />In 2050 (U.S.): <br />20.3 years for men <br />22.4 years for women <br />Where seniors live 71% in Ramsey and <br />Hennepin counties <br />59% in Ramsey and <br />Hennepin Counties <br />Gender 57% women More men (higher survival <br />rates) <br />Household size (1990)53% live with spouse <br />6% single men <br />26% single women <br />More married couples <br />as husbands live longer <br />Seniors over age 85 31,775 56,940 <br />Minority seniors About 15,000 (Minnesota)About 89,000 (Minnesota) <br />Median senior income <br />(rough approximations using 1996 data) <br />$24,860 overall <br />$39,640 for married couples <br />$19,790 for single men <br />$15,540 fcr single women <br />May rise 80% (adjusted for <br />inflation) <br />Housing affordability <br />(30% Of income) <br />Median is $620 a month <br />(half can afford less, <br />half can afford more) <br />Median could be $1,120, <br />if income rises as projected <br />Near poverty <br />(up to125% of the poverty line) <br />1990 (U.S.); <br />40% of those living alone <br />21% of those not living alone <br />2020 (U.S.): <br />20% of those living alone <br />9% of those not living alone <br />Difficulty with daily self-care <br />^tiling, dressing, etc.) <br />About 10,500 seniors More than 21,000, assuming <br />same disability rates <br />Difficulty with daily activities <br />(shopping, housework, etc.) <br />About 44,000 seniors More than 87,000, assuming <br />same disability rates <br />Senior housing market (age 55 and up)417.000 910,180 <br />Senior homeowners <br />(83%. a Tv/in Cities estimate) <br />198,370 428,160 <br />Senior renters <br />(16%, a Twin Cities estimate) <br />38.240 89,380 <br />Senior housing units (unit = i apartment <br />or 1 nursing home bed) <br />54,000 Would need 62.000 new units <br />to keep today’s ratio <br />Building toward the senior boom Wilder Heseon h Center for East Metro SAIL