General Plan - Moreno Valley

CHAPTER 8 – HOUSINGMORENO VALLEY GENERAL PLANTABLE 8-12Wage Needed to Afford a Fair Market RentHourly Wage Need to Afford FMR @ 40 Hours/WeekLocation One Bedroom Apartment Two Bedroom ApartmentImperial County $ 8.29 $10.21Los Angeles County $11.38 $14.40Orange County $13.54 $16.75Riverside County $ 9.40 $11.48San Bernardino County $ 9.40 $11.48Ventura County $12.06 $15.25Work Necessary to Afford Fair Market Rent at Minimum WageWork Hours /WeekLocation One Bedroom Apartment Two Bedroom ApartmentImperial County 64 79Los Angeles County 88 112Orange County 105 130Riverside County 73 89San Bernardino County 73 89Ventura County 94 118Source: Draft Regional Housing Needs Assessment 1999, Southern California Association of Governments, Exhibit F.8.3.4 Household IncomeWith the shift in job types a shift in incomewas inevitable. In the case of MorenoValley, income for households declined.Whereas in 1991, 52% of the householdsin the city reported earning over $45,000,seven years later only 48.5% of thehouseholds were earning $45,000. In 1991,33% of the households reported earning,$25,000-$44,999. In1998 this groupconsisted of 29.4% of the households.Households with incomes below $25,000increased from 15% to 22.1% (Chart 8-6).Page 8-17 July 11, 2006