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EMPLOYMENT ANALYSIS <br />Considering a household with an annual income of $35,000, and us <br />that a household can afford to pay a mortgage that is 30% of the <br />owner-occupied housing (assuming they have limited debt and not includty), a <br />household with this income could afford a home priced at $87,500 <br />households in Elk River have two incomes, however. Using the sa <br />a household with two persons each earning $35,000 annually couldhome priced <br />from $175,000 to $210,000. <br /> <br /> <br />30 <br />MAXFIELD RESEARCH& CONSULTING, LLC. <br /> <br />