Laserfiche WebLink
DEMOGRAPHIC ANALYSIS <br /> • Based on the information that a household can afford a home 3.0 to 3.5 times its annual in- <br /> come we estimate that households that fall into the workforce population can afford a home <br /> ranging in price from$150,000 to as high as $215,000. Without dual incomes, the average <br /> young teacher could afford a home around as high as $112,000, a registered nurse could af- <br /> ford a home priced around$160,000, and a police officer or sheriff could afford a home val- <br /> ued at$140,000. Most of the other professions could afford a home at $100,000 or rent. <br /> Since there is little for-sale housing available for under $150,000, most of these singles <br /> would need to rent their housing. <br /> • Households who rent their home generally spend 30% of their annual income. Based on this, <br /> teachers in the area could afford to rent an apartment for$800, registered nurses afford <br /> $1,200, and a police officer could afford$1,000. Most of the other professions could afford <br /> rents between $500 and$750. <br /> Chart 4:Select Salaries by Occupation <br /> Compared to Median Individual Income <br /> Seven County Metro Area <br /> Third Quarter 2004 <br /> 70,000 <br /> ■10th Percentile Income of Occupation <br /> 60,000 <br /> ❑Median Income of Occupation <br /> 50,000 <br /> 40,000 <br /> r <br /> - 30.000 <br /> 20,000 <br /> 10,000 <br /> 0 <br /> ��0 ¢+{� ¢i� ��0 y�y a,SS �5 Z5 a,�5 •, 6.06.0 <br /> �� �� ro rou o'� •ti°'� F� � ^4 ^q¢,'� °,SSS �ro �'� <br /> Ity <br /> 011Y 4� <br /> Table 10 presents covered employment in Anoka County in 2000 and 2004 (the most recent <br /> available data). Covered employment data is calculated as an annual average and reveals the <br /> number of jobs in the County, which are covered by unemployment insurance. Most farm jobs, <br /> self-employed people, and some other types of jobs are not covered by unemployment insurance <br /> MAXFIELD RESEARCH INC. 20 <br />