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There are a total of 4,692 household in the City of Mounds View(1990 US Census). Of those, <br /> • 28% have an annual household income between $35,000 and $49,999 (see Figure 1). This figure <br /> represents the largest cluster of annual household incomes in Mounds View. More revealing, <br /> however, is that 28% of the households have incomes below $25,000. <br /> Figure 1 - <br /> Household Income <br /> $15,000-24,999 <br /> $25,000-34,999 <br /> 18% $10,000-14,999 <br /> Less than$9,999 <br /> $100,000+ <br /> $75,000-99,999 <br /> 20% I <br /> $35,000-49,999. <br /> $50,000-74,999 <br /> City of Mounds View <br /> • <br /> Source: 1990 U.S. Census <br /> Poverty Rates <br /> According to the 1990 Census, Mounds View has a total of 746 families living in poverty. This <br /> accounts for 6.0% of the total population; however, as stated above, 28% have incomes below <br /> $25,000 which represents over 1,200 households (See figure 1). According to the Department of <br /> Housing and Urban Development (HUD) definition of poverty (when 26% or more of the people <br /> are low to moderate income), two of the four census tracts in Mounds View are considered below <br /> poverty level (See map). <br /> Age of Population <br /> The largest age group in the City of Mounds View is 25-34 years old accounting for 21% of the <br /> population (see figure 2). Over 40% of the population is 35 or older, and 28% of the population <br /> is under 18 years of age. According to the 1990 US Census, only 13% of the population is 55 or <br /> older. As the decades progress, we will begin to see an increasing number of elderly people as the <br /> number of younger adults stabilizes. <br /> • <br /> 4 <br />