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Landmark Research, Inc. / Market demand potential for retirement housing in the Racine area, prepared for St. Luke's Hospital
(June 24, 1988)
Summary of major research findings, pp. 1-17
Page 1
ST. LUKE' S HDSPITAL
RETIRE4ENT HCUSING SnTDY
SUMMARY OF MAJOR RESEARCH FINDINGS
A. DEMOGRAPHICS OF DEFINED MARKET STIDY AREA
1. Based upon 1983 County Population Projections made by the
Data Center, the population of persons 65 years and older
County is expected to increase as follows:
1980
1990
Wisconsin
in Racine
2000
Total No. Persons
65 Years & Older
Proportion
of Persons
65 Years & Older
in Population
In 19 80 the
Racine was
Wisconsin at
17,580 20,839 23,080
10.2%
11.6%
12.5%
ratio of elderly to the total population in the City
12.0 percent which was the average for the State
tbat time.
of
of
2. The market study area defined by nine zip codes which include
Towns of Caledonia, Mount Pleasant, Rayrrond, and Yorkville,
Villages of ElmIwood Park, North Bay, Sturtevant, Union Grove,
Wind Point, and the City of Racine represented 84.9 percent of
elderly population in Racine County in 1980.
the
the
and
the
According to National Planning Data Oorporation, the proportion of
elderly in the City of Racine is expected to increase fran 12 percent
in 1980 to 14.5 percent in 1992. This increase is not due to a
dramatic increase in the number of persons 65 years and older, but
instead due to a projected decrease in the total population of the
City of Racine from 85,725 persons of all ages in 1980 to 76,550 in
1992. The net increase in the 65 years and older population fram
1980 to 1992 is projected to be 466 persons with sane decreases
anticipated in the 65 to 74 year age group between 1987 and 1992.
1
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