Strategic Housing Market Assessment - North Devon District Council

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SHMA: Torridge and North Devon Update Key findings: • Nearly one third (31.0%) of households within ICLV were single person households compared to 27.9% in North Devon overall. 29.3% of households in SM and 28.0% of households in TTTRF were single person households. These SMAs relate to the main towns and more urban areas. • Only just over one fifth (22.6%) of households in EXDF were single person households, nearly one quarter (24.7%) in CWCHV and nearly one quarter (24.8%) in DRA. These SMAs relate to the predominantly rural areas. • Almost one third (31.4%) of households in DRA were pensioner households compared to 27.9% in North Devon overall. 30.9% of households in SM were pensioners and 30.3% of households in CWCHV. • Less than one quarter (24.6%) of households in EXDF were pensioners. More than one quarter (27.3%) of households in ICLV were pensioner households and 27.8% of households in TTTRF were pensioners. • More than one quarter (26.0%) of households in EXDF and in TTTRF (25.9%) had dependent children compared to just under one quarter (24.9%) in North Devon. • Less than one fifth of households (19.4%) in CWCHV had dependent children. 23.0% of households in DRA, 23.4% of households in SM and 23.6% of households in ICLV had dependent children. 5.15 Household income is an essential factor in identifying access to housing. The following table profiles household incomes for each SMA by income bands. 185
SHMA: Torridge and North Devon Update Table 5.4: gross working household income patterns in Sub-Market Areas in North Devon, percentages, May 2012 CWCHV DRA EXDF ICLV SM TTTRF North Devon Income Bands % % % % % % % Less than £10,000 12.5 17.4 15.3 20.4 20.2 18.2 18.2 £10,000-£19,999 23.5 25.8 24.2 26.5 26.6 25.2 25.4 £20,000-£29,999 17.3 17.0 16.9 16.6 16.6 16.6 16.7 £30,000-£39,999 14.0 13.0 13.5 12.5 12.5 12.9 12.9 £40,000-£49,999 10.5 9.1 9.8 8.9 8.8 9.4 9.3 £50,000-£59,999 7.6 6.5 7.3 6.0 6.1 6.6 6.6 £60,000-£69,999 4.9 3.9 4.5 3.5 3.5 4.0 4.0 £70,000-£79,999 3.5 2.8 3.2 2.3 2.3 2.7 2.7 £80,000-£89,999 2.1 1.5 1.7 1.2 1.2 1.5 1.4 £90,000-£99,999 1.3 1.0 1.1 0.8 0.8 1.0 1.0 £100,000 plus 3.0 2.0 2.4 1.4 1.5 1.9 1.9 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 (Source: PayCheck data, CACI, May 2012) Key findings: The following key findings are identifiable: • 46.9% of households in ICLV and 46.8% of working households in SM had gross annual incomes of less than £20,000 compared to 43.6% of those in North Devon overall. • 36.0% of working households in CWCHV, 39.5% of households in EXDF, 43.2% of households in DRA and 43.4% of households in TTTRF had gross annual incomes of less than £20,000. • 63.5% of households in ICLV and 63.4% of working households in SM had gross annual incomes of less than £30,000 compared to 60.2% of households in North Devon overall. • 53.3% of working households in CWCHV, 56.5% in EXDF, 60.0% in TTTRF and 60.1% in DRA had gross annual incomes of less than £30,000. • More than three quarters of working households in ICLV(76.0%) and also in SM (75.9%) had gross annual incomes of less than £40,000 compared to just under three quarters (73.2%) in North Devon overall. • Just over two thirds (67.2%) of working households in CWCHV, 69.9% of working households in EXDF, 72.9% in TTTRF and 73.1% in DRA had gross annual incomes of less than £40,000. 186
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SHMA: Torridge and North Devon Upda
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Strategic Housing Market Assessment - North Devon District Council

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