2002 AGN AUG 06 I01 - Laserfiche WebLink

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� In analyzing housing needs, the various age groups within the resident population have different housing needs. For example, persons in older age groups have typically finished raising their children and often desire smaller, more easily maintained housing units. Middle age households, however, usually still have children at home and thus, have needs for larger living quarters and private open space. This age group typically earns a higher wage and occupies a lazger, single-family home. Young adults may be independently occupying a dwelling unit for the first time. As they establish themselves in the workplace, their income levels are typically lower. Young adults may also be starting a family, which can create additional financial burden. Younger adults, therefore, tend to occupy rental units or some form of entry-level ownership housing. Table 2-2 illustrates the age distribution of City of Colton residents. The age structure of a population is an important factor in evaluating housing needs and projecting the direction of future housing development. Table 2-2 Age Structure of the Population Age Group % of Population Under age 18 32.4% 18 - 34 ears 35.0% 35 - 44 ears 133% 45 - 54 eazs 7.2% 55 - 64 eazs 5.4% 65 Years and Over 6.7% Median Age 27.5 years aources: i yyo ua. �ensus, t,oi[on nconmruc veve�opmrni rroiue Based on reviewing the data in Table 2-2, the ]azgest segment of the City's residents aze between 18 and 34 years of age (35.0%) and less than 18 years of age (32.4%), while slightly over 25% are between the ages of 35 and 64. Based on this age structure, it is logical to assume that Colton has a strong demand for rental and entry-level ownership housing. Race/Ethnicitv Colton was predominantly Hispanic in 1990, according to the census data. This predominance remains today, according to more recent data compiled by the City. In 1990, Hispanics comprised an estimated 49.7 percent of the population. Data from the City of Colton and State Department of Finance projects that Hispanics will continue to compose the majority of residents into the year 2010. Housing Element City of Colton 2000-2005 16