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2008-03-04 P&Z Packet
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2008-03-04 P&Z Packet
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<br />...u.... ... <br /> <br />DRAFT <br /> <br />Housing <br />City of Centervllle <br />2030 Comprehensive Plan <br /> <br />Table 23 . Household Income <br /> <br />Income Households Percentaae <br />Less than $10,000 5 0.5% <br />$10.000 to <br />$14,999 19 1.8% <br />$15,000 to <br />$24,999 65 6.0% <br />$25,000 to <br />$34,999 69 6.4% <br />$35,000 to <br />$49,999 140 12.9% <br />$50,000 to <br />$74,999 407 37.6% <br />$75,000 to <br />$99,999 284 26.2% <br />$100,000 to <br />$149,999 63 5.8% <br />$150,000 to <br />$199,999 15 1.4% <br />$200,000 or more 15 1.4% <br />Total 1,082 100% <br /> <br />Source: 2000 Census <br /> <br />As shown in Table 24, the median household Income In Centervllle is $63,696 which is <br />23.2 percent higher than the Anoka County median, 17.3 percent higher than the Twin <br />Cities Metropolitan Area median, and 35 percent higher than the state median. <br /> <br /> Table 24. Cltvand State Median Household Income <br /> Anoka %of Twin % ofTC State %of <br />Incoms Centervllle County County I CIties ofMN State <br />Median $63,696 $51,711 123.2% $54,304 117.30% $47,111 135.20% <br />Income <br /> <br />Source: 2000 Census <br /> <br />The measure of affordability of a housing unit compares housing cost to gross <br />household income. The general standard is that housing Is affordable if housing <br />expenses equal 30% or less of a person's gross household Income. Table 25 shows <br />that 22 percent of households in Centervllle that own their home spent more then 30% of <br />their income on housing costs. A similar pattern occurs In rental housing. Table 26 <br />shows that 33 percent of households that rent their home spent more then 30% of their <br />Income on rent. <br /> <br />68 <br />
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