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2020-04-22 CC Packet
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2020-04-22 CC Packet
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Centerville 2040 Comprehensive Plan <br /> <br /> <br />Household Income <br />Household incomes drives the level of consumer choice for housing and likewise has a <br />considerable effect on local housing demand. The following tables describe the income levels <br />of current households in Centerville. As shown in T ABLE 27, 9 percent of households in <br />Centerville make less than $25,000 a year, 34 percent make between $25,000 and $75,000, and <br />58 percent make more than $75,000 a year. <br />Table 27 Household Income <br />Income Households Percentage <br />Less than $10,000 6 0.5% <br />$10,000 to $14,999 14 1.1% <br />$15,000 to $24,999 85 6.5% <br />$25,000 to $34,999 70 5.4% <br />$35,000 to $49,999 124 9.6% <br />$50,000 to $74,999 246 19.0% <br />$75,000 to $99,999 211 16.3% <br />$100,000 to $149,999 362 27.9% <br />$150,000 or more 178 13.7% <br />Total 1,296 100% <br />S OURCE: ACS 2012-2016 E STIMATES <br /> <br />As shown in T ABLE 28, the median household income in Centerville is $89,100 which is 121.1 <br />percent higher than the Anoka County median and 125.7 percent higher than the Twin Cities <br />Metropolitan Area median. <br />Table 28 City and County Median Household Income <br />Income Centerville Anoka % of Twin Cities % of Twin <br />County County MSA Cities MSA <br />Median income $89,100 $73,600 121.1% $70,900 125.7% <br />S OURCE: ACS 2012-2016 E STIMATES <br /> <br />E XISTING H OUSING A SSESSMENT <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 30% or <br /> Page 52 <br /> <br /> <br />
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