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Median household income is an important risk measure used by lenders for underwriting loans and is a useful economic indicator of an area's standard of living. The city's median household income is higher than all local comparisons. This may be due to the city's high quality of life and efforts to diversify the economy (attracting businesses from new, high-paying industries such as technology and manufacturing).
Data Source: Community Development/Andrew Powell
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strategic context
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May 25 2022
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