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DEMOGRAPHIC ANALYSIS <br />Renter households with incomes of between $20,000 and $35,000 ar <br />for affordable rental projects with a shallow subsidy (housing <br />rents slightly below market rents, such as those financed througousing <br />Finance Agencys Section 42/Low-Income Housing Tax Credit program). These households <br />can typically afford housing costs of from $500 to $875 per mont <br />estimated 451 renter households in Elk River with incomes betwee000 and $35,000. <br />It is important to note that seniors are often able and willing, <br />their income on rental housing that meets their needs since they <br />retirement, their childrens education or major purchases (home,etc.). This is <br />particularly true in senior rental projects where support serv <br />assistance are available. In fact, research has shown that, in <br />50% of residents not only allocated all of their income but spent-down assets in order to <br />afford monthly housing and service costs. <br /> <br />TABLE D-6 <br />TENURE BY HOUSEHOLD INCOME <br />ELK RIVER <br />2000 and 2013* <br />20002013* <br />OwnRentOwnRent <br />No.Pct.No.Pct.No.Pct.No.Pct. <br />Less than $5,0004659.73140.34637.77662.3 <br />$5,000 to $9,9993325.69674.42856.02244.0 <br />$10,000 to $14,9997323.324076.713658.19841.9 <br />$15,000 to $19,99910045.212154.811549.811650.2 <br />$20,000 to $24,99915958.211441.810947.212252.8 <br />$25,000 to $34,99930153.126646.938253.732946.3 <br />$35,000 to $49,99965183.113216.951356.439743.6 <br />$50,000 to $74,9991,30088.117511.91,32678.037422.0 <br />$75,000 to $99,9991,05995.6494.41,28590.014310.0 <br />$100,000 to $149,99954598.491.61,58793.81046.2 <br />$150,000 or more164100.000.070997.9152.1 <br />Total4,43178.2 1,23321.86,23677.6 1,79622.4 <br />* Data for 2013 is from US Census, American Community Survey (5-Ye <br />Source: US Census Bureau; Maxfield Research & Consulting, LLC. <br /> <br />Net Worth by Age of Householder <br />Table D-7 presents data on the net worth of households by age in Elk Riv5. <br />Information in the table is sourced from ESRI with adjustments f <br />base as calculated by Maxfield Research &Consulting, LLC. Net worth is defined for an <br />20 <br />MAXFIELD RESEARCH & CONSULTING, LLC. <br /> <br />