Agenda Packets - 1995/09/05 - Laserfiche WebLink

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Income Median Household Income: 1979 1989 Arden Hills $46,626 $50,660 Mounds View $36,601 $37,117 New Brighton $41,276 $40,324 Shoreview $44,368 $48,828 Metro area $34,610 $36,678 All four communities have a fairly high and stable income base on average. All four cities have median household incomes which are above the Twin Cities metropolitan a ea average,_an. median incomes for Arden Hills and Shoreview are substantially above the metro area median. In addition, all cities except New Brighton experienced an increase in median income from 1979 to 1989. Income distribution Percent of households falling within specified income brackets: lt$17.5K $17.5-29.9K $30-42.49K $42.5-59.9K over$60K Arden Hills 9.1% 13.5% 17.8% 20.0% 39.6% Mounds View 15.6 21.1 23.9 23.0 16.3 New Brighton 16.7 17.6 20.3 18.8 26.5 Shoreview 7.3 13.7 19.4 25.9 33.8 Metro area 20.1 19.1 19.6 20.1 21.1 Columns are:Households earning less than$17,500;between$17,500 and$29,999;between$30,000 and$42,499; between$42,500 and$59,999;and$60,000 and over,for 1989. The metro area on average has about the same percentage of households in each income category, around 20%. Measuring income diversity in our four communities, we can see that Arden Hills and Shoreview are less income diverse. Fewer low and moderate income people reside in Arden Hills or Shoreview, while a high percentage of affluent people reside there. Mounds View and New Brighton are fairly diverse income-wise, with about the same percentage of households in each income bracket. Especially for Arden Hills and Shoreview,then,people's desire for greater income diversity is documented by the lack of residents in lower income brackets. Residential patterns which separate households by income probably exacerbate the perception that these cities are not very income-diverse. 6