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