We have been doing research on the population numbers for the State of Ohio and Lake, Geauga and Lorain County.
Using the raw data from the U.S. Census Bureau and the Center for Community Solutions, we projected the population by age ranges Under 20 / 20 – 44 / 45 – 64/ 65+ through the year 2030.
For the State of Ohio: State of Ohio Population Projections
For Lake County: Lake County Census
For Geauga County: Geauga County Census
For Lorain County: Lorain County Census
We then complied a schedule trying to quantify how many seniors will be paying more than 30% of their annual income on their mortgage, utilities, and property taxes. [Housing Affordability Threshold]
Lake County Seniors exceeding HAT %
Of Lake County’s estimated 2030 population of 227,176, the estimated population of those 65 or more years of age will be 62,109 (27.2%). Approximately, 1,985 will be living in a nursing home, with the balance of 60,034 either renting or living in their own home. Approximately, 82% will own their own home with 18% renters.
It is estimated that by the year 2030, 19,122 of Lake County seniors (~31%) will be paying 30% or more of their annual income on housing. They will have exceeded their housing affordability threshold.
The 19,122 represents ~8.4% of the Lake County estimated population of 227,176 will be priced out of their homes. This is assuming that their are NO NEW PROPERTY TAXES! We know that is not a valid assumption, and the number will be higher if we stay on our current path of ever increasing property taxes.
We are warning our politicians, and those in positions to do something about this issue, that there is trouble ahead for our senior citizens and their housing costs.
425033 752647This internet site is my inhalation, actually amazing layout and Perfect written content material. 482813
Spot on with this write-up, I truly suppose this web site needs way more consideration. I’ll in all probability be once more to read way more, thanks for that info.
789242 579133I like this site quite a lot, Its a rattling good location to read and get info . 318945
Sweet blog! I found it while surfing around on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Cheers
623365 41559I gotta bookmark this site it seems extremely useful really beneficial 694644
508674 92520Can I just say what a relief to search out somebody who really is aware of what theyre speaking about on the internet. You undoubtedly know how to deliver a problem to light and make it important. Extra folks need to have to learn this and perceive this facet of the story. I cant consider youre no a lot more common because you positively have the gift. 45737
168427 687579This kind of publish appears to get yourself plenty of visitors. How will you acquire traffic to that? It provides an excellent unique twist upon issues. I guess having something traditional or perhaps substantial to give information on could be the central aspect. 871991
90095 784829Thank you for your quite very good details and respond to you. san jose car dealers 557442
19948 732528Bookmarked. Kindly also discuss with my website. 228777
385036 910066Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your blog when you could be giving us something informative to read? 333613
440977 661826I totally agree with you about this matter. Nice post. Already bookmarked for future reference. 944516