Above housing... Hear told day cares cost about $150-200 per week and more for each additional child. Food, clothes, etc. = $100 a week If one drives a car with insurance, repairs, parking, gas etc at about $24avg per day. Makes one wonder how you are supposed to buy that Twins or Vikings ticket at the new ballpark? Or go on vacation for a couple of days?
Annie Young East Phillips At 07:39 PM 1/21/02 -0600, FREDRIC MARKUS wrote: >The FY 2001/2002 final Fair Market Rates (FMR) at the 50th percentile, >published January 2, 2001/October 1, 2001, for the 7-county metro area >(not anecdotal: statistically accurate by federal standards): > >Greg's numbers: > >Studios: 94 listings * Avg. Rent: $547 * Median: $535 >1 BR: 342 listings * Avg. Rent: $666 * Median: $656 >2 BR: 270 listings * Avg. Rent: $839 * Median: $835 >3 BR: 69 listings * Avg. Rent: $1,182 * Median: $1,200 >4 BR: 11 listings * Avg. Rent: $1,445 * Median: $1,495 >5 BR: 4 listings * Avg. Rent: $1,513 * Median: $1,550 > >HUD's numbers (first number = Jan., 2001; second number = Oct., 2001): > >Studios: $451 increased to $524 >1 BR: $580 increased to $674 >2 BR: $742 increased to $862 >3 BR: 1004 increased to $1156 >4 BR: $1137 increased to $1321 > >If $524 is 30% of annual income, annual income = $21,400 or $10.29/hr >If $674 is 30% of annual income, annual income = $26,240 or $12.62/hr >If $862 is 30% of annual income, annual income = $33,400 or $16.06/hr >If $1156 is 30% of annual income, annual income = $48,000 or $23.08/hr >If $1321 is 30% of annual income, annual income = $59,800 or $28.75/hr > >When the US Census income figures become available, we'll see how well >these federal benchmarks match actual income profiles - the 30% ideal is >way below FMR for many low-income folks and short supply of >multi-bedroom apartments drives FMR into the ozone unless income reaches >80% of MMI ($59,800 = 80% of $74,750). > >Small wonder both parents work and schlep their kids off to day care! >This isn't just stressing out single heads of household with children >under 18. Add in seniors and near-seniors whose incomes are flat and >the supply shortfall is very great indeed. > >Fred Markus Horn Terrace Ward Ten > > >_______________________________________ >Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy >Post messages to: [EMAIL PROTECTED] >Subscribe, Unsubscribe, Digest option, and more: >http://e-democracy.org/mpls _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
