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Centerville 2040 Chapter 4: Housing <br /> As shown in TABLE 28, the median household income in Centerville is $63,696 which is 21.1 <br /> percent higher than the Anoka County median and 25.7 percent higher than the Twin <br /> Cities Metropolitan Area median. <br /> Income CentervilleAnoka %°of Twin Cities %of TC <br /> County County MSA <br /> Median $89,100 $73,600 121.1% $70,900 125.7% <br /> income <br /> SOURCE: ACS 2012-2016 ESTIMATES <br /> The measure of affordability of a housing unit compares housing cost to gross household <br /> income. The general standard is that housing is affordable if housing expenses equal 300/0 <br /> or less of a person's gross household income. TABLE 29 shows that 27 percent of <br /> households in Centerville that own their home spent more than 30% of their income on <br /> housing costs. A similar pattern occurs in rental housing. TABLE 30 shows that 51 percent <br /> of households that rent their home spent more than 30% of their income on rent. <br /> # Units Percent <br /> < 20 percent 587 48% <br /> 20-24 percent 194 16% <br /> 25-29 percent 84 7% <br /> 30-34 percent 72 6% <br /> 35% or more 242 21% <br /> Not computed _ 6 00/0 <br /> Tota l 1,179 1000/0 <br /> SOURCE: ACS 2012-2016 ESTIMATES <br /> Chapter 4 1 Page 6 <br /> 24 <br />