Report: Aiken’s older population will continue to grow
Aiken’s senior population is expected to increase in the coming years, according to a recent housing study.
Through 2022, the senior population will slightly grow, and the city’s largest population cohorts will remain 60 and older.
In 2017, more than 32 percent of Aiken’s population – nearly 40,000 total people – was 60 and older, according to the study.
By 2022, 35 percent of the city’s estimated population, which will also expand, will be 60 and older, according to the same information.
Both figures sit above their national counterparts.
Currently, the downtown Aiken population is largely represented by 60-69 year olds, the study, conducted by Novogradac & Company, states. The same can be said for the city as a whole.
Downtown Aiken is bounded by Edgefield Avenue, Sumter Street, Hayne Avenue and South Boundary Avenue for the study’s purposes.
About 18 percent of Aiken County residents are 65 and older, according to 2017 estimates made by the U.S. Census Bureau.
Novogradac & Company’s study was done at the behest of the Greater Aiken Chamber of Commerce, the city, Aiken Corporation and the Economic Development Partnership. The four entities are named as the study clients in the introduction. The 175-plus-page analysis takes an in-depth look at the area’s housing market, but in doing so also reveals key demographic information.
The projected senior growth did not facilitate a separate senior housing breakout section in the study, but it’s worth noting because of the city’s ongoing growth and attraction struggles.
The Chamber of Commerce has annual benchmark reports detailing the issue. In 2014, the city had more elderly, 65 and up, residents than those under 18. And in 2015, the Aiken-area was aging faster than the nation on average.
Chamber of Commerce President and CEO J. David Jameson has called it a “silver tsunami” more than once.
Novogradac & Company is a national professional services company that offers tax, consulting, development and housing services.