b'OPPORTUNITY LIVES HEREDemographic ProfilePOPULATIONDelawares 2nd Senatorial District is currentlyTotal Population and Growth Ratehome to 45,528 residents. The area has seen two(2022)decades of population decline, following a peak ofTheNew 47,221 residents in 2000. Population decline hasDistrict Wilmington Castle Co. Delawarestabilized in recent years and is projected to remain1.0Mconstant through the next five years. 45.5K 72.2K 579.3KIn the last decade, the City of Wilmington has seen0.7% 1.3% 8% 3.2%1.3 percent growth, and New Castle County hasGrowth Growth Growth Growthseen 8 percent growth in the population. While theRate Rate Rate RateDistrict isnt expected to see much growth in theSource: ESRI Business Analyst (2022)near future, the Delaware Population Consortium projects a 12.5 percent increase in the total population of Delaware by 2050. 1New housingAge Distribution projects may represent a boost in the county The DistrictDelawarepopulation. Even with stabilized population changes, there have been several shifts in the age distribution of the population. Despite population decline, one age group that continues to grow is 25- to 34-year-oldsthis cohort has increase by 1.8 percentage points in the last ten years. This growing trend of young adults could be due to relative affordability and availability of housing in the areatargeting young adults could create more opportunityAge Groupfor business recruitment and expanded retailSource: ESRI Business Analyst (2022)options. Continued investment in the district could contribute to population growth and further diversify age distribution.1Delaware Office of State Planning Coordination, the Population Consortium, Annual Projections, https://stateplanning.delaware.gov/demography/dpc.shtmlDelaware Three Rivers Area Economic Development Master Plan 28'