We live in a gentrifying neighborhood in LCOL, mid-size city. I think the large amount of grad students and med students probably bring the income down a bit, but I am still shocked at how low it is. DH is a PhD student and I'm a second year teacher, but this is making us look like high rollers.
Median Household Income for the neighborhood = $31,497 (+/- $7,216) Median Household Income for the state = $43,000 - $51,000
I knew we lived in a poorer area but I didn't know it was this poor compared to the rest of the city. There are a lot of rental houses and houses that are owned by snowbirds that are only here <6 months a year.
If you go out to the main road of our neighborhood and cross the street the median household income goes up to $46,378. I am surprised it is such a big different for being on the "wrong" side of the road.
Now that I think of it, my actual block (which is my 400-something unit building, and no other homes) has a minimum annual household income because you have to prove that you make a x times the monthly rent in order to be approved for a lease (although some students live there with daddy cosigning, in which case daddy makes at least 2x because that's the requirement for cosigners). And I know roughly what the lowest rent in our building is.
$75k in our current neighborhood. Middle class range for our state is $48-$59k.
Economic diversity is part of what we look for in a place to live. Next block over from us is "middle class", $44k. Our old neighborhood is $27k. We're in Chicago.
Post by imojoebunny on Jan 8, 2013 17:41:11 GMT -5
Ours is $105K. It is really variable here because there are homes from $70K to $750K, and we have a lot of students and post grads, since there are 3 major universities nearby and another 3 liberal arts colleges and it is one of the safer places to live in the city.
Median household income: $140,380.00 (+/- $12,638.00). Statewide middle class range: $62,000 to $78,000.
Mine is higher than I would have thought. I live in a TH development flanked by another huge TH development flanked by 2 age restricted 55+ developments.
Even more interesting, the 2 borough donut holes in our township have medians around $108k and the average home price there is well over $500k.
$55,000. We are big time gentrifiers, but that's lower than I thought.
The neighborhood we were going to move into before the seller turned out to be crazy has a median of $102,000.
ETA: all the tracts close to us are in the $65-90K range. That's more what I thought our neighborhood was like. Our tract extends a bit more north than the others in the neighborhood and that's probably why it's "poorer".
78K for our neighborhood. What's interesting is that we live in the " rich" part of a poor city. We used to live in the " poor" part of a very nice town ( same town Mitt used to live in in MA). The median in our old hood is 10 K LESS than our new hood.
Median household income for my neighborhood is $46,530. We earn much more than that.
My neighborhood has a lot of section 8 housing and elderly people. Despite this, a 2 bedroom, 1000 square foot home on the block will easily set you back $500k+, so the buyers of those places drive up the median income. Plus there are a lot of people like H and I who stay here for the cheap-for-the-area rent.
Holy crap, $184,375 for my neighborhood! I just told this to DH and he said, "Of course. We are not rich enough to live in this neighborhood!" It is a bunch of old houses from the 50's and 60's - nothing fancy. I guess it is not TOO surprising because I've seen a lot of "money" around here. On the other hand, I really thought the area was becoming younger with the older generations moving out. Apparently everyone knows how to get better jobs than us.
I wish I could find this in list form. Other than a couple of the immediate surrounding areas, I can't find any areas that are higher than ours, even if I look all the way over to the DC suburbs. This is crazy to me. I guess it is a good thing for our property values?
Avg in my tract, 85k. I thought that was kinda low, but then I realized our tract contains the townhome development across the street, not just the 4-5 br houses in my neighborhood and the adjacent one. Avg in my state 62-78k.
Post by thedutchgirl on Jan 8, 2013 23:07:58 GMT -5
We live at the edge of a neighborhood that has a lot of rental properties and some lower-income apartment buildings. For our actual address, we are the big dogs. By a lot. $29,201.00 (+/- $16,592.00)
The other side of the street would get us closer, but we'd still be the big dogs. $71,381.00 (+/- $6,029.00)
Our neighborhood says about 50K which is what I'd expect. We live in the burbs and I bought this house on my non profit job income before we got married.
but
My parents neighborhood says 21K.The homes in my parents neighborhood are between 200- 600K, but they are near a university and low income area. If you live in a major city where there are low income near higher incomes it's really hard to tease this out since the census tracts are fairly large.