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<br />Population estimates: <br />Eagle <br />Pitkin <br />Summit <br />Grand <br />Jackson (North Park) <br /> <br />2005 <br />49,601 <br />16,822 <br />28,247 <br />14,264 <br />1,632 <br /> <br />2030 <br />86,842 <br />27,152 <br />50,421 <br />28,834 <br />1,986 <br /> <br />The oldest populations are the fastest growing. Retirees are moving here from all over the world. <br />Summit County at 9,000-10,000 feet above sea level is a retiree mecca. <br /> <br />Job Growth: Jobs are growing at a much faster rate than skier visits (which are relatively flat) or <br />even population growth. <br /> <br />Pitkin County workforce housing and prices: <br /> <br />1981 <br /> <br />1991 <br /> <br />1981-1991 percent who work and live in Pitkin County <br />1981-1991 value of homes <br /> <br />60% <br />$400,000 <br /> <br />40% <br />$1,100,000 <br /> <br />Once the average home cost equaled $1 million, workers leaving Pitkin County accelerated. <br /> <br />Cost of Living Study: <br /> <br />Taxes are low compared to the average city. <br />Housing costs are very high compared to the average city. Average housing costs in 2004 were: <br /> <br />Housing Cost <br /> <br />% of County Land <br />in Public Ownership <br />(federal and state) <br /> <br />Average U.S. city <br />Pitkin <br />Summit <br />Grand <br />Eagle <br /> <br />$ 100,000 <br />1,000,000 <br />400,000+ <br />250,000+ <br />600,000+ <br /> <br />83% <br />78% <br />73% <br />79% <br /> <br />Almost all of the land in the five counties is federally owned. Of the remainder, some is <br />highways and other land is under conservation easement. So over 80% is unavailable and there <br />is a high demand and low supply. Add job growth within the county and the demand far <br />outstrips the supply. <br /> <br />Second Home Ownership: <br /> <br />Eagle <br /> <br />Grand <br /> <br />Pitkin <br /> <br />Summit <br /> <br />Second Home 1 <br />Primary Residence <br /> <br />49% <br />51% <br /> <br />63% <br />37% <br /> <br />55% <br />45% <br /> <br />67% <br />33% <br /> <br />L\CWCB Imaging\Caleb\Minutes\Colorado\2006\Colorado May 2006 minutes.doc <br /> <br />8 <br />