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<br />WSTORIC POPULATION 1930-1990NUTURE POPULATION PROJECTIONS
<br />MIAN RIVER COUNTY
<br />YEAR
<br />POPULATION
<br />NUMERICAL INCREASE
<br />% INCREASE
<br />1930
<br />6,724
<br />1940
<br />8,957
<br />2,233
<br />332
<br />1950
<br />11,872
<br />2,915
<br />32.5
<br />1960
<br />25,309
<br />13,437
<br />1132
<br />1970
<br />35,992
<br />10,683
<br />422
<br />1980
<br />59,896
<br />23,904
<br />66.4
<br />1990
<br />90,208
<br />30,312
<br />50.6
<br />2000
<br />111,300
<br />21,092
<br />23.4
<br />2010
<br />132,600
<br />21,300
<br />19.1
<br />2020
<br />154,200
<br />21,600
<br />16.3
<br />Source: U.S. Deparwent of Commerce, Bureau of the Census
<br />University of Florida, Bureau of Economic and Business Research
<br />Indian River County has experienced tremendous growth since 1930. In recent years, the rate of
<br />growth has slowed, however, the county is still growing faster then the state. The county's 1996
<br />population estimate was 102,211. Between 1996 and the year`'2020, the county's population is
<br />projected to increase by 51,989, or 51%.
<br />As growth occurs, various issues need to be addressed. One such issue is affordable housing.
<br />Affordable Housing
<br />Every household incurs expenses for the basic necessities of human existence. These expenditures
<br />are food, clothing and shelter. In relation to this last item, shelter, or housing as it is commonly
<br />referred to, the county is an interested party, as its regulations, policies, and procedures affect the
<br />cost of housing. In securing adequate housing, the payment of some minimum price is expected.
<br />The difficulty is ensuring that housing costs will not force low income households to forego some
<br />of their other basic needs. For that reason, the issue of housing affordability is one which all
<br />communities, including Indian River County, must face.
<br />Indian River County's adopted affordable housing definition is:
<br />"Housing occupied by a household paying housing expenses which do not exceed 30% of
<br />the household's gross income. Monthly housing cost for owner -occupied housing shall
<br />include mortgage principal and interest, taxes, and insurance. Monthly housing cost for
<br />renter -occupied housing shall include contract rent. However, it is not the intent to limit a
<br />household's ability to devote more than 30% of its income for housing. Programs and
<br />policies of the Comprehensive Plan with regard to affordable housing shall be limited to
<br />those households in the very low (less than 50% of median income), low (51-80% of
<br />median) and moderate (81-120% of median) income groups."
<br />Housing Needs
<br />The following table identifies the number and percentage of owner -occupied and renter -occupied
<br />households in Indian River County paying more than 30% of their income for housing. In the higher
<br />income categories, the payment of more than 30% of a household's income for housing is generally
<br />not a problem. Instead, it reflects the household's choice to devote more of its income to housing.
<br />In the lower income categories, however, paying over 30% of household income for housing
<br />indicates an affordability problem.
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