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Supporting Documents (Data and Analysis) - Satellite Beach

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Table 3-20: Income & Housing Statistics for Melbourne, FL<br />

Occupation<br />

Annual Maximum Mortgage<br />

Income Based on Income<br />

Statewide $52,550 $155,584<br />

Metro Melbourne $57,300 $169,440<br />

Police Officer $36,650 $109,205<br />

Elem. School Teacher $42,241 $125,514<br />

Accountant $52,790 $156,284<br />

Nurse (Registered) $53,602 $158,653<br />

Computer Programmer $60,258 $178,068<br />

To afford a median priced SF Home in <strong>Satellite</strong> <strong>Beach</strong>, 2005 $93,000 $310,000<br />

To afford a median priced SF Home in <strong>Satellite</strong> <strong>Beach</strong>, 2007 $78,600 $262,000<br />

Source: www.floridapricedoutreport.org<br />

Table 3-21: Households by Cost Burden, <strong>Satellite</strong> <strong>Beach</strong>, 2005<br />

Amount of Income Paid for Housing<br />

0-30% 30-50% 50% or more<br />

Owner 2,996 417 298<br />

Renter 494 127 127<br />

Total 3,490 544 425<br />

Source: Shimberg Center - Florida Housing <strong>Data</strong> Clearinghouse.<br />

Housing Element<br />

<strong>Data</strong> <strong>and</strong> <strong>Analysis</strong> 3-15

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