Marcy-Holmes has a higher poverty level for families with children than does Minneapolis. Between 1979 and 1999, Minneapolis' poverty rate for families increased from 9 percent to 12 percent, and the poverty rate for families with children increased from 16 percent to 19 percent. In this same time period, Marcy-Holmes' poverty rate for families increased from 10 percent to 16 percent and the poverty rate for families with children increased from 14 percent to 26 percent.
Marcy-Holmes has a substantially higher percentage of people living in poverty than Minneapolis. In 1979, 28 percent of the neighborhood's residents lived under the poverty level, as compared to Minneapolis' 14 percent. By 1999, Marcy-Holmes' percentage of residents below the poverty level increased to 37 percent, while Minneapolis' percentage had increased to 17 percent. The percentage of people 65 years of age and older living under the poverty level in Marcy-Holmes remained steady from 1979 to 1989, increasing from 13 percent in 1989 to 14 percent in 2000. In Minneapolis the poverty rate for the elderly decreased from 13 percent in 1979 to 11 percent in 1999.
Last updated Sep 27, 2011