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Comprehensive Plan Economic Development Element <br />Table 5.3: Indian River County Po Mation by Age 1995 - 2008 <br />Year <br />0-14 <br />Share of <br />Population <br />15-24 <br />Share of <br />Population <br />25-44 <br />Share of <br />Population <br />45-64 <br />Share of <br />Population <br />65 and <br />Over <br />Share of <br />Population <br />1995 <br />16,613 <br />16.57% <br />9,335 <br />9.31% <br />24,082 <br />24.02% <br />21,431 <br />21.38% <br />28,800 <br />28.73% <br />2000 <br />17,677 <br />15.65% <br />10,784 <br />9.551Yo <br />25,154 <br />22.27% <br />26,360 <br />23.34% <br />32,972 <br />29.19% <br />2005 <br />19,953 <br />15.34% <br />13,502 <br />10.38% <br />26,221 <br />20.16% <br />34,796 <br />26.76% <br />35,571 <br />27.35% <br />2008 <br />21,401 <br />15.11% <br />14,486 <br />10.23% <br />27,502 <br />19.41% <br />39,577 <br />27.94% <br />38,701 <br />27.32% <br />Source: Bureau of Economic and Business Research, University of Florida. <br />As shown in Figure 5. 1, all five age groups increased in population between 1995 and 2008. For <br />each time period compared, persons aged 45 to 64 had the largest gain in Indian River County <br />population. The highest increase for this age group occurred between 2000 and 2005. During that <br />time period, this age group increased 32%.That large increase occurred during a time when the <br />County was under a building boom which provided more jobs for this age group. <br />Between 2000 and 2005 the 15 to 24 age group had the second highest population growth rate at <br />25.20%, followed by the 0 to 14 age group that had a population growth rate at 12.88%. The <br />increases in population of these two age groups are related to the growth in the 45 to 65 age group. <br />With the recent downturn in the economy, the growth rates of the 45 to 65, 0 to 14, and 15 to 24 age <br />categories have been significantly reduced. <br />Community Development Department Indian River County 5 <br />