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Income Gap: Essential Service and Common Occupations

Details

These charts compare income levels with housing costs for full time-workers in a variety of occupations. All of the charts illustrate a gap between what many people earn and what they can afford to pay for their homes.

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2008 Income Gap for 7 Professions - MN2008 Income Gap for 7 Professions - MN




2008 Income Gap for 7 Professions - Duluth2008 Income Gap for 7 Professions - Duluth




2008 Income Gap for 7 Professions - Rochester2008 Income Gap for 7 Professions - Rochester




2008 Income Gap for 7 Professions - St. Cloud2008 Income Gap for 7 Professions - St. Cloud




2008 Income Gap for 7 Professions - Twin Cities Metro2008 Income Gap for 7 Professions - Twin Cities Metro

Notes

"Income needed to own a median priced home" = The income needed to afford owning a median priced home while spending no more than 28% of income.

"Income needed to rent a median priced apartment" = The income needed to rent a median priced apartment while paying no more than 30% of income.

"Income needed to rent a 2 BR apartment" = The income needed to rent a two-bedroom apartment at HUD's “fair market rent” rate while paying no more than 30% of income.


Technical information on these charts can be found here.

Sources for State: MHP tabulation of Minnesota Department of Employment and Economic Development Occupational Employment Statistics Data Tool; American Community Survey, Minnesota Revenue Department Sales Ratio Study, Federal Housing Finance Board Monthly Interest Rate Survey (MIRS), (2002-2007) data.

Sources for Metro Areas: MHP tabulation of Minnesota Department of Employment and Economic Development Occupational Employment Statistics Data Tool; American Community Survey, HUD Fair Market Rents, Minnesota Revenue Department Sales Ratio Study, Federal Housing Finance Board Monthly Interest Rate Survey (MIRS), (2002-2007) data.

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