Poverty

The percentage of people living below the poverty level in Loring Park decreased from 23 percent to 17 percent between 1979 and 1999, putting it near the citywide figure. The percentage of people over the age of 65 living in poverty in Loring Park dropped from 20 percent in 1989 to 16 percent in 1999 – still much higher than the percentage in Minneapolis.

In 1979, 16 percent of Loring Park families lived below the poverty level; by 1989, the figure had dropped to 8 percent. In 1999, the percentage returned to the 1979 level of 16 percent. The percentage of families living in poverty in the neighborhood was above the Minneapolis percentage in 1979 and 1999. Relatively few families in Loring Park have children, but almost half of those families had incomes below the poverty level in 1989. The percentage decreased to 39 percent in 1999, but remained 20 percent higher than the Minneapolis average. In 1999, all families with children who lived below the poverty level in Loring Park were single-mother families.

Last updated Sep. 27, 2011