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Poverty <br /> Persons living: Below pov. Percent 200%pov. Percent <br /> Arden Hills 123 1.5% 759 9.2% <br /> Mounds View 746 6.0 2,248 18.0 <br /> New Brighton 1,432 6.5 3,554 16.2 <br /> Shoreview 679 2.8 1,750 7.1 <br /> Metro area 182,680 8.1 431,864 19.3 <br /> A family of four whose income was below$15,000 in 1990 would be counted as below the poverty level. Similarly, <br /> a family of four whose income was below$30,000 would be counted as being 200%or less of the poverty level. <br /> Even though these communities are not as income diverse,poverty exists. Poverty rates in <br /> Mounds View and New Brighton are almost as high as the metropolitan area. And while 6%may <br /> not sound high, this means that 1 in every 17 people in Mounds View and New Brighton are <br /> poor, or 2,178 poor people. Measuring the poor and near-poor shows that the economic hardship <br /> is even more widespread. Using 200%of the poverty level (a measurement often used because <br /> the official poverty level is set so low--at$15,000 for a family of four in 1990), almost 10%of <br /> people are poor or near-poor in Arden Hills, 18% are poor or near-poor in Mounds View, and <br /> 16%are poor or near-poor in New Brighton. A total of 8,311 people are poor or near-poor in the <br /> four cities--which is almost equivalent to the total population of Arden Hills! <br /> Housing: <br /> Median home value/median rent: <br /> MHV 1980 MHV 1990 MR 1980 MR 1990 <br /> Arden Hills $130,539 $125,200 $302 $505 <br /> Mounds View 99,852 86,400 436 459 <br /> New Brighton 117,501 102,000 434 472 <br /> Shoreview 119,568 109,700 448 497 <br /> Metro area 102,542 89,211 377 477 <br /> Columns are:Median home value in 1980;Median home in 1990;median monthly rent in 1980;and median <br /> monthly rent in 1990. <br /> Median home values and median rents gives some indication of the average cost of housing for <br /> residents in each of the cities. Most alarming is that while median home values decreased in the <br /> metro area and in all four cities, median monthly rents increased. In Arden Hills,they increased <br /> from$302 to $505. Renters tend to have lower incomes and to be more susceptible to economic <br /> downturn than homeowners, so this trend may be an indication that high housing costs are <br /> overburdening lower income residents. <br /> 7 <br />